Augusta
VIP Contributor
Having a homeowner insurance deductible isn't always the. problem but the issue lies with choosing the best option for you.
There's always the struggle of choosing either the high or low deductible but the fact is that having a high or low homeowners deductible depends on your situation.
The truth is that if you do not have savings and would struggle to pay a high deductible when you file a claim, then it is better you go for low deductible, though this will means you paying a higher premium. but if you have savings for your homeowners deductible especially for when you file a claim, then you should go ahead to go for a higher deductible to save on your homeowners premium
So the bottom line is that if you have the money then you should opt for a high homeowners deductible as this act tends to lower monthly premiums by an outstanding margin.
Having this high deductible in place means that you won't be calling the insurance company for small claims you would tackle routine maintenance issues on your own and this will add up to reduce the premium. So a higher homeowners insurance deductible might be better if you have the money.
There's always the struggle of choosing either the high or low deductible but the fact is that having a high or low homeowners deductible depends on your situation.
The truth is that if you do not have savings and would struggle to pay a high deductible when you file a claim, then it is better you go for low deductible, though this will means you paying a higher premium. but if you have savings for your homeowners deductible especially for when you file a claim, then you should go ahead to go for a higher deductible to save on your homeowners premium
So the bottom line is that if you have the money then you should opt for a high homeowners deductible as this act tends to lower monthly premiums by an outstanding margin.
Having this high deductible in place means that you won't be calling the insurance company for small claims you would tackle routine maintenance issues on your own and this will add up to reduce the premium. So a higher homeowners insurance deductible might be better if you have the money.