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Del Toro Insurance
July Del Toro Insurance linkedin

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!!.

July Del Toro Insurance linkedin

A Friday 12th of wonderful news!! A new franchisee joined our Distinctive Franchise System. The Chilean Community Welcome to the Del Toro family!.

July Del Toro Insurance linkedin

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.

June Del Toro Insurance linkedin

Second new franchisee of this blessed Tuesday, join our Distinctive Franchise System. Welcome to the Del Toro family.

June Del Toro Insurance linkedin

Another new franchisee has joined right now to our Distinctive Franchise System. Welcome to the Del Toro family.

June Del Toro Insurance linkedin

Just a few minutes ago, a new franchisee joined our Distinctive Franchise System. The Ecuadorian community welcomes the Del Toro family.

June Del Toro Insurance linkedin

The family continues to grow, minutes ago other new franchisees have just joined our Distinctive Franchise System. Welcome to Del Toro family.

June Del Toro Insurance linkedin

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.

May Del Toro Insurance linkedin

Taking a big step and adding new services, two entrepreneurial businesswomen join our family. Welcome Gordon & Oropeza to Del Toro Insurance family.

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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

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.

Homeowners' Insurance Rates Florida

Rising Inflation: Another Factor Contributing to the Increase in Homeowners’ Insurance Rates in Florida

Aug 19, 2023

The confluence of events in Florida is creating chaos in the home insurance market. Insurance companies are struggling to stay in business, while homeowners are facing staggering increases in insurance rates, with fewer companies writing policies in the state.

To make matters even more difficult for residents, Florida homeowners are already paying four times the national average for premiums. Many long-time residents across the state are facing the reality that their homeowners insurance is no longer affordable and selling their homes may be the only choice. This is particularly difficult for those on fixed incomes or lower-income earning families.

The Weather

Climate change and Florida’s low elevation have contributed to increasing the vulnerability of major sectors of the population to storm surge damage. Over three-quarters of the state’s population lives on the coast, and the severe damage from Hurricane Ian in 2022 highlighted how significant storm surge damage can damage homes inland from coastal areas.

While the severity and frequency of hurricanes and tropical storms are a factor, they are not the only reason the rate of home insurance is increasing. Other factors, including inflation, are contributing to the very real challenges facing the state.

Rising Inflation

In addition to rising water levels, rising inflation directly impacts homeowners’ insurance rates. Individual homeowners throughout Florida received notices in 2021 and 2022 that saw their rates double. Homeowners today are seeing insurance rates increase by just under 90% over the last couple of years, and insurance companies are blaming this on the increased cost of replacing the home.

The cost of materials to rebuild homes throughout the United States has increased by 30% over the last five years. As reported by the International Insurance Society, this makes the USA the global leader in the increase to replace property.

Fourteen homeowners insurance companies throughout the state are currently in liquidation due to insolvency issues. Higher claims and replacement costs without offset rate increases combined with increased homeowner insurance lawsuits are indicated as the leading reasons for the failure of these companies. Inflation rates are another factor causing insurance companies to pass home insurance costs on to property owners in Florida.

If you are facing the loss of your homeowners’ insurance coverage in Hialeah Gardens, Margate, Homestead, Palmetto Bay, Cutler Bay, Hialeah Gardens, North Miami Beach, Coral Gables, Hialeah, Naples, and Miami, FL, talk to the team at Del Toro Insurance.

To talk with our expert insurance agents to discuss your coverage, call us at (305) 335-8676 or reach out to us online for more information. We serve clients throughout the Hialeah Gardens, Margate, Homestead, Palmetto Bay, Cutler Bay, Hialeah Gardens, North Miami Beach, Coral Gables, Hialeah, Naples, and Miami, FL, areas.



What are the main factors causing the rise in inflation in Florida?

Increases of up to 30% in the cost of replacing property combined with high housing and rental cost and high demand helps to drive inflation throughout Florida.

How does inflation affect the cost of building materials and labor, and subsequently impact homeowners’ insurance rates?

As the price of building materials and labor increases, the cost for insurance companies to replace damaged homes also increases. The homeowners’ insurance policies pass on this increase to individual customers.

How can homeowners in Florida prepare themselves financially for increasing homeowners’ insurance rates caused by rising inflation?

Homeowners can look at different policies and coverage levels, adjusting to keep their insurance rates within their budget. The agents at Del Toro Insurance can review the policy and coverage and make suggestions to help save you money.

Are there any alternative insurance options or strategies available for homeowners in Florida to mitigate the impact of rising rates due to inflation?

Reviewing insurance coverage and considering changes to coverage levels and deductibles can help to reduce overall rates. In addition, having a current wind mitigation inspection and making any necessary upgrades to the roof can help.

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