I previously have $ 1000 deductible. However, my insurance agent recommend $500 deductible, and changed to $500 deductible. I don’t see a good reason. If I change it back to $1000 deductible I could save $27.50 for the yearly payment.
Is it better to change to $1000 deductible to save $27.50 per year or just leave it as changed.
Best reply by Ron Berue:
The higher the deductible, the lower the monthly premium. The lower the deductible, the higher the premium.
In your lease, you should notify the tenant that the tenant is responsible for getting renters’ or tenant’s insurance for the tenant’s own personal possessions and additional coverage or riders for more valuable assets such as jewelry, art work, stamp collections, etc.
Doing this protects you =- just in case there is a catastrophe in the property resulting in loss or damage to the tenant’s possessions.
Thanks for asking your Q! I enjoyed answering it!
VTY,
Ron Berue
Yes, that is my real last name!
Read the original question on Yahoo! site
I have a landlord home insurance. It is a new house. How much deductible will be resonable.?