Locations
Contact
Another of our best managers leaves the corporate world behind and takes a new step in her career path now as a business owner. Welcome to the Del Toro family.
One of our best managers leaves the corporation world behind and takes a new step in her career path now as a business owner. Welcome to the Del Toro Family.
We are proud to see how this family has chosen to join our Distinctive Franchise System as a life project. We're here to support you every step of the way to success. Welcome to the Del Toro Insurance Family.
One of our Managers at Del Toro Insurance has just joined to our Distinctive Franchise System becoming in the owner of her own business !!! Congratulations on this great partnership!!.
A Friday 12th of wonderful news!! A new franchisee joined our Distinctive Franchise System. The Chilean Community Welcome to the Del Toro family!.
On the eve of July 4, what better news than continuing to expand our Distinctive Franchise System in West Palm Beach. Welcome to the Del Toro family.
Second new franchisee of this blessed Tuesday, join our Distinctive Franchise System. Welcome to the Del Toro family.
Another new franchisee has joined right now to our Distinctive Franchise System. Welcome to the Del Toro family.
Just a few minutes ago, a new franchisee joined our Distinctive Franchise System. The Ecuadorian community welcomes the Del Toro family.
The family continues to grow, minutes ago other new franchisees have just joined our Distinctive Franchise System. Welcome to Del Toro family.
Today, as part of our participation in the Annual Convention of the Florida Association of Insurance Agents (FAIA) held in Orlando, Del Toro Insurance held a seminar this morning to promote the growth of the insurance industry through franchises. Entrepreneurs and business owners participated in the event.
Taking a big step and adding new services, two entrepreneurial businesswomen join our family. Welcome Gordon & Oropeza to Del Toro Insurance family.
Del Toro Insurance
Fomentando el camino hacia la industria de los seguros
América TV captó todo lo que fue el fórum y la celebración de los 25 años de Del Toro Insurance. Con Del Toro Insurance tienes todo lo que necesitas para estar bien asegurado y además crecer profesionalmente con tu propia franquicia. Si eres emprendedor y quieres asegurar tu futuro empresarial con una marca consolidada!! Esta es tu oportunidad, completa el formulario y uno de nuestros agentes se estará comunicando contigo con todas las dudas que tengas para emprender tu negocio.
Annual Convention of the FAIA
June, 2024
As part of our participation in the 2024 Convention of the Florida Association of Insurance Agents FAIA held in Orlando, Del Toro Insurance held a seminar to promote the growth of the insurance industry through franchises. Entrepreneurs and business owners participated in the event.
Del Toro Insurance 25th Anniversary
Del Toro is a family business and that has defined much of the path it has traveled to this day. The main reason for starting out in this industry has been to contribute to a community that needs us and with which we feel an eternal commitment. Growth would not have been possible without the support and permanent exchange with our community whom we have tried to serve with immense respect.
On the other hand, we have tried to provide a service that is also deeply rooted in family values because we consider that targeting the well-being of families in a society that is transforming day by day is essential. We have simply delivered transparency, honesty, trust and loyalty, which I believe have really been the key to being able to treasure the preference of our clients over the years.
Time really passes very quickly. We began our journey in a small office located in the west of the county. Today we are a solid company with a commercial presence throughout the state of Florida and an increasingly large group of franchisees who have opted to be part of the Del Toro family, making our business model their own. To our pride, the vast majority have been families that have turned to entrepreneurship and that, today, replicate those values of transparency, honesty, trust and loyalty to their clients.
Sep 20, 2023
Farmers Insurance is the fourth large insurance company pulling out of Florida. However, there are more than a dozen regional insurance companies, which are the largest providers of home insurance in the state, that have also elected not to renew or write home insurance policies. While Farmers Insurance subsidiaries, including the Foremost insurance companies, Bristol West, and Farmers GroupSelect, will continue to write policies in the state, the move will create havoc for over 100,000 homeowners.
The sudden and unexpected actions of Farmers Insurance are a result of a growing problem in the insurance market in the state. This trend has been going on for decades, with insurance companies increasingly concerned about their risk exposure as large claims due to storm damage, issues with litigation, and a major increase in the population, particularly in coastal areas of Florida.
With the hurricane season in the Sunshine State running from June 1st to November 30th, homeowners are facing the need to find insurance during this peak claim season. The escalating intensity and frequency of these storms, including the record payout of $113 billion for Hurricane Ian in 2022, is often identified as a key factor.
Although storms are an issue for risk, many believe the high rate of homeowner policy litigation is the most damaging to insurance companies. Florida is responsible for 79% of all homeowner insurance legal suits, and under the law, insurance companies were required to pay legal fees for consumers, even if they lost the case. While this law changed, over 300,000 suits were filed prior to the new law, and these cases will take years to process.
The result of the actions of both national and regional insurance companies in canceling or failing to renew homeowners’ policies is significant. This is true for both current homeowners and new home buyers.
Current homeowners are facing the difficulty of searching for competitively priced homeowner insurance policies. Many homeowners have seen their policies increase by as much as 40% in a single year, with those on fixed incomes struggling to stay in their homes and provide required insurance coverage.
The decrease in insurance companies writing policies means less competition in the market. With fewer options to consider, homeowners may only have a handful of options to consider. Even with current wind mitigation and 4-point inspections, homeowners may be paying considerably more than they have in the past.
New home buyers are also facing the same challenges. Older homes without additional protection in place, including hurricane clips and hurricane resistant doors and windows, may not be insurable. The cost of upgrades to the levels required by insurance companies can be cost prohibitive.
Del Toro Insurance offers support for homeowners throughout Hialeah Gardens, Margate, Homestead, Palmetto Bay, Cutler Bay, Hialeah Gardens, North Miami Beach, Coral Gables, Hialeah, Naples, and Miami, FL. Our goal is to find the optimal homeowners insurance to replace policies canceled and provide you with peace of mind that your home is protected.
To talk to an agent about your insurance needs call us today at 305-335-8676 or send us a message online.
There are a number of factors that have made offering homeowners insurance too risky for insurance companies like Farmers. They include higher litigation costs, increased claims, increased multi-billion dollar storms, and an increase in the number of storms that hit the state.
The cancellation of over 100,000 homeowner policies has added to the struggle for homeowners to find affordable insurance coverage. At the same time, more than 14 regional insurance companies have stopped writing policies or are in liquidation due to high payouts over the last few years.
Those seeking residential or commercial property insurance throughout Florida have fewer options in policies, which impacts the ability to find affordable insurance rates. As companies continue to increase the cost of coverage, more homeowners are determining if staying in the state is a possibility.
Contact Del Toro Insurance and talk to an insurance agent. In addition, have a current wind mitigation and 4-point inspection of the home to help reduce the cost of insurance and speed up the process.
Individuals in Florida are bracing for a potentially significant increase in their
Most homeowners and home insurance companies in the state of Florida have
Florida is a beautiful state, but it also has some extreme weather
Condos are popular in Florida and throughout most of the country. However,
