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Originally Posted by TheDude
I googled and it was 2014. Is this something I need to worry about?
Its a 18K deductible and that is a lot of money.
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Dude: that is a lot of money for a deductible and in this case I would certainly shop insurance. However it seems in Florida that insurance companies have the upper hand especially when it comes to homeowner policies.
In part you can thank our governor. In part you can thank all of those folks who continue to build mc mansions along the sea shore and in part you can blame those folks who seem to believe that insurance money is free .
I agree with your concern primarily because if you sustain such a loss it will be costly. I insure not for the little losses but the unsustainable larger losses that really cut into savings.
When it comes to deductibles choose those that you view you can absorb. Also when doing so consider any coinsurance it helps on reducing premiums. work with your agent to set limits deductible etc that meet your needs at the premium level you can afford
Too often people forget that securing insurance is securing peace of mind 24/7 and should actually hope they never have to use it.
Personal Best Regards: