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re: State Farm hurricane deductible jumps to 5%
Posted on 7/9/14 at 8:16 am to Elusiveporpi
Posted on 7/9/14 at 8:16 am to Elusiveporpi
Sadly with the value of homes increasing along with building materials the insurance companies i would think have to raise deductibles. I have a $5k deductible and it goes to that plus $2% of policy limits for a named storm. I set the $5k deductible to get rates down and honestly if i have less than $10k in damage i wouldn't make a claim anyway. That will just drive up your premiums. I know several people that make claims almost every time we get any kind of storm yet they bitch about how their insurance keeps increasing
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