08/09/2023
Insurance Tip.
Home insurance rates are rising, but do your best not to take 2 and 3 percent wind and hail deductibles.
That may seem like a small number but here’s the math.
Your dwelling (Coverage A) is $250,000
Your 2 percent deductible is $5000
Your 3 percent deductible is $7500
So that means when you have a $30,000 roof claim, they automatically will take off $5000 - $7500 from your check. And this is for people that have replacement cost coverage. If you have Actual Cash Value, then you could subtract another 20-35 percent off of the $30,000 minus your deductibles.
That can leave you with a great bill! Reach out if this you!