News 2872 Home Insurance Higher Deductible Lower Premium

This article from Kiplinger Magazine suggests that homeowners insurance companies are not all wrong in suggests that homeowners raise the deductibles on their policies. Most insurers are setting $500 as the minimum deductible on new policies, if your deductible is less than $500, raising it will not only decrease your premiums, it will also ensure that you do not make small claims against your policy which could result in a cancellation due to excessive claims.

Read more: Hike Homeowners Insurance Deductibles (Kiplinger Magazine via Yahoo! Finance) Suggests policyholders of homeowners insurance hike their deductibles to save on premiums and reduce the likelihood of filing small claims that may jeopardize their coverage.