Quote:
Originally Posted by bimmertl
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.
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Live in a neighborhood with about 100 homes. Know of 3 lightning related claims, one of which caused over 200k in damages over last 2 years. We do live in the lightning capital of the US.