By: Ajay kumar Medagani February, 05, 2019
Homeowners save significantly on their annual home insurance expenditure by choosing the appropriate deductible. Gavop’s recent analysis of net savings earned from home insurance plans with higher ($2,500) and lower ($500) deductibles in Waterloo, Iowa shows that homeowners in the city can save as much as $920 by choosing the lower deductible plan.
This citywide calculation is based on a hypothetical claim amount of $1,500. For a $500 deductible, homeowners in Waterloo pay a median yearly premium of $550 and incur a total of $1,050 in yearly expenditure. With ...