I need to talk with my husband first, so this idea isn't yet a done deal. I'm considering increasing the deductible on our homeowner's insurance from $1000 to $2000 or more. The savings could be over $150 per year. It's not a lot of savings, but it is money we could keep in our pocket. We do have nearly $20K in our emergency fund so I don't have any concern in meeting the deductible. Why pay more than we need to, right? Any thoughts on whether this is a good idea?
I just wrote a new post on
Today was a no spend day. No purchases were made online. School is on again for tomorrow. I have now completed seven days of green smoothies. Yippee!!
January 8th, 2014 at 04:42 am 1389156156
January 8th, 2014 at 05:01 am 1389157270
Do you see reducing deductible as break even in 6.7 years? Have you ever had a claim? Do you know the crime and fire stats in your specific community? I think you are likely in a newer house with a well documented water table and without much risk of natural disaster.. Those would be my concerns.
January 8th, 2014 at 03:45 pm 1389195913
Thanks for your thoughts.
January 8th, 2014 at 06:21 pm 1389205278
January 9th, 2014 at 07:21 am 1389252093