Going it Alone: Risk Management Practices for Self-Insured, High-Value Properties

With rising property and casualty premiums and reduced insurance availability, many U.S. homeowners have either chosen to self-insure their homes or have been given no other viable choice. This trend includes an increasing number of affluent families with high-luxury homes in areas prone to wildfires, extreme weather, and other catastrophic events. After assessing the key issues of going without insurance and deciding on going it alone, there are risk management practices and strategies to consider to help reduce the cost of protecting your home and possessions.