More and more in the landscape of today's insurance marketplace, people are willing to raise their deductibles as a way to lower premiums. It really makes sense to assume a greater risk to save money in premium dollars. Just today I spoke to a customer that saved $200 a year by raising the deductible by $500 or from a $500 to a $1,000 deductible on their Home Insurance policy. In just a few years you already save the difference even if you have a claim. Also, not putting in smaller claims helps to avoid premium increases and claim surcharges.
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