Originally Posted by
kijip
I would only do it if you have $5000 in case of a claim.
I wonder if the savings is that big? Our insurance costs us very little every year.
Our homeowners insurance is not a huge chunk of our overall budget and I feel like pinching pennies in this arena is not a risk I am comfortable taking. I can't remember right now if our deductible is $500 or $1000 but I would NOT go higher than that.
As a pp mentioned, you can have more than one claim in a short period of time. Are you prepared to pay out $5K more than once and not deplete your savings?
Daniele
mama to
dd1 watching over her brothers and sister from Heaven
ds1 13 years old
dd2 10 years old
ds2 6 years old
Placenta Increta/c-hyst survivor