Quote:
Originally Posted by Badger 2006
Had the same issue with Progressive in February. 2000 sq ft 2003 Camillia went from $3200 to $4600. Villages Insurance got me a policy with Millenial Insurance for $2300. Only difference was hurricane went from $500 deductible to 2% which mostly standard. Will see what next year brings?
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The odds of having an insured loss other than a hurricane are pretty slim. Most have never made an HO claim in their lives.
In order to save plenty of money, take a 2% deductible on the entire policy versus the $500 deductible most end up with.
The primary purpose of HO insurance is to protect against catastrophic losses, not small theft claims. The 2% deductible is the way to go.
If you have valuable jewelry, musical equipment etc, get a a specific floater policy to cover those items.