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Money and Finances
Reply to "Erie - Insurance Premium Increase"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What deductible is considered high? [/quote] We have $2500 on the house and $1500 on each car. I consider those high but we are thinking of going even higher. [/quote] 2500 deductible on a house that is hundreds of thousands or over a million is not high. More like 7500, 10,000 etc so you really do feel like you share some of the risk and are less likely to file frivolous claims. [/quote] Housing prices around here are driven by land cost not replacement cost. At $10k you are pretty much just insuring against fire or hurricane destroying your house, which maybe is all you need but not how home insurance used to be. [/quote]
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