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This depends on how much money you have in reserves to pay for repairs or unexpected expenses.

If you have 2 to 5,000 to use for emergencies consider a higher deductible to lower premiums as insurance should be considered for major catastrophies and not about $100 broken window claims.

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Q: What is better for home insurance low or high deductible?
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Should you pay a high or low property deductible for home insurance?

Depends on your financial situation. If you have plenty of money saved to pay a high deductible, you can get a higher deductible and have lower premiums. If you usually do not have a lot of money in savings, a lower deductible would be better so you would be able to come up with the deductible if a claim has to be filed.

What happens if you cannot afford the homeowners insurance deductible?

Normally when you buy a house, you will be required to get home owner's insurance and pay a deductible. If you can pay the deductible, you may lose your homeowners insurance.

How does your deductible work in home insurance?

The amount of a policy deductible on a homeowners insurance policy is chosen by the policyholder. Your policy deductible is the amount you are responsible for paying before the insurance company will payout for a claim. If you experience a loss to your dwelling or your personal property, your homeowners insurance policy deductible applies. The deductible does not apply to other coverages on the policy. If you experience a loss under your deductible, you will not be eligible for a payout. If your loss exceeds your deductible, your deductible will be deducted from your claims payout check.

What can you do if you do not have the money for the deductible for your home owners insurance claim?

You can either borrow money or what to get the repairs done until you have your deductible.

How does home owners deductible insurance work?

I assume you mean how does the deductible work. When you file a claim on any insurance, the insurance company will take out the deductible before it issues the payment to you. In many states the banks are protected and the check has to be made out to you and the mortgagee company.

Do home insurance policies cover or discount on home repairs?

Home insurance policies cover all kinds of mishaps and repairs. The discount is called the deductible. When you purchase a policy you select a deductible amount of damage or loss that you pay for first and they pay the difference afterwards. The $100 deductible cost more per month than a $500 or $1000 deductible. Read your neighbor's policy. You might learn a bit about that subject.

Does home owners insurance cover someone hitting your mailbox?

Yes, it will cover that minus your deductible,, However you should first check to see what your deductible is. Most mailboxes are pretty cheap and likely far below the cost of your policy deductible. No point in filing an insurance claim if the cost of repairs is below your deductible.

Does home insurance cover lost earrings?

Yes but it may be subject to a deductible if the earrings are not listed specifically on the policy.

What policies should be implemented now that you know that Mrs Gonzales’s secondary insurance will not cover her copayments until her high yearly deductible is met?

home equity loans, auto loans, and student loans

Are there any obvious advantages to purchasing cheap mobile home insurance?

The only obvious advantage to purchasing cheap mobile home insurance is that you have low payments, which means more money in your pocket. If you want cheap mobile home insurance the thing to do is to increase your deductible.

Who is liable for paying the home owners insurance deductible?

the insured or homeowner, unless there are some ''special'' circumstances you haven't explained

How many times do you have to pay homeowners deductible in a year?

You pay a deductible only when you file a claim to collect on your insurance policy. Like if your home catches fire and you file a claim to collect the money to repair or replace the home, you pay the $500 deductible or whatever your deductible is. If you have more than one claim in a year, you probably will pay deductibles for each occurrence and also depending on the insurance company, you will probably be dropped from coverage--most companies will not tolerate multiple claims.