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rocio_gw

Deductibles for HO Insurance

rocio
15 years ago

My homeowners insurance will increase by 20% next month. I talked to my agent and was told that I could raise my deductible up to $5000 to keep my premium down.

Currently I have $1000 deductible. By raising it to $2500, I save $243 per year. With $5000 deductible, I save $412 per year.

How high should I go?

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