HOW TO MINIMIZE CHANCE OF FIRE?
@deadrx7conv:
There are two approaches to the homemade BridgeLux what-if-fire issue.
IF there is a fire, will insurance cover it? Don't know...
HOW TO MINIMIZE CHANCE OF FIRE?
Carefully analyze and address potential failure modes. Consider every possibility...
Generally, the power LEDs themselves are unlikely to start a fire, even if you abuse them and they break. You should give them generous metal heatsinking anyway, which spreads out any potential heat so that temps never get near high enough for fire.
If you use a constant-voltage power supply and a voltage-dropping resistor, the resistor is a danger. If you don't use conservative design (at least twice the wattage rating as you actually expect) the resistor could get very hot. But the LEDs could suffer domino failure (one shorts out, which leads to more current to others, which causes another to short out) greatly increasing power through resistor, causing fire. Beyond general over-conservative design of thermal aspects, with plenty of sheet metal to spread out any unexpected heat, using fast-blow fuses sized to be just barely big enough should provide belt-and-suspenders safety. Every LED series string should have a fuse, and every driver input should have a fuse. The driver should be surrounded by sheet metal; with a proper fuse, even if the driver is cruddy and defective you should be protected from fire.
Anything involving dimmers makes everything more complex and could increase chance of fire.
Also note that Bridgelux is targeted at the commercial market. So we can expect a variety of fully certified BL based lighting products. At a price...
Cheap high-power LED light bulbs should be a greater danger in general than any carefully planned homemade approach, because the heat is so concentrated in a light bulb -- just don't ever try doing things that way at home! The only hi-power LED light bulbs you should try are big-name ones with full certifications; I guess those currently cost up to $100. Maybe the $20-ish from Home Depot is cheapest?
(There really isn't much reason to worry about the efficiency of lighting unless it is used a significant number of hours per year.)