We have insurance to protect us from the bad events in life. At some point, we decide on how much “skin we want in the game”- the deductible.
The choice of deductibles of $100 vs. $1000 all comes down to the odds of experiencing a loss. The first cardinal rule is don’t have a deductible that you can’t afford if the worst happens. After that, the curb side advise is to have the larger deductible thus reducing your premiums over the time frame of years.
Why not craft a lower premium (larger deductible) and experience the consistent savings year after year versus a higher premium (lower deductible) on the off hand chance you might experience a loss. The average homeowner experiences a loss every 14 years!
Contact us for more information or to get a quote!