mountainsoft
Thinks s/he gets paid by the post
I just paid our home insurance for the year and was looking over the policy. I noticed the deductible is set at $1000, the default value set when we bought our first home. We didn't have much money back then and that's what the agent recommended, so that's what we went with. I never really gave it much thought.
These days we have a good emergency fund built up, so a low deductible isn't as important. Obviously I would need to talk with my agent to see how much our annual insurance bill would be affected by raising the deductible, but I'm curious what other folks have as their home insurance deductible?
To be honest, it wouldn't even cross my mind to file an insurance claim unless damage was in the thousands of dollars. $1000-$4000 or so and I'd probably just fix it out of pocket. Less hassle and I could get it fixed sooner. We've been insured 32+ years and have never filed a claim for anything.
What deductible do you have on your home insurance?
These days we have a good emergency fund built up, so a low deductible isn't as important. Obviously I would need to talk with my agent to see how much our annual insurance bill would be affected by raising the deductible, but I'm curious what other folks have as their home insurance deductible?
To be honest, it wouldn't even cross my mind to file an insurance claim unless damage was in the thousands of dollars. $1000-$4000 or so and I'd probably just fix it out of pocket. Less hassle and I could get it fixed sooner. We've been insured 32+ years and have never filed a claim for anything.
What deductible do you have on your home insurance?