How to Choose a Home Insurance Deductible

"I'm Romie Brown. On behalf of Expert Village, I'm here to discuss with you tips and tidbits on how to buy homeowner's insurance. In this clip, we're going to discuss choosing the right deductible. You've been through the process of finding an agent, finding the right company. Now you're actually finalizing the details of your policy. It's time to pick your deductible. Many companies throughout the country are raising the minimum deductible to five hundred dollars. You can go as high as one, two, three percent of your total amount you're insuring the house for, for your deductible. I ask that you look carefully at what you can afford, before you choose your deductible. Affordability is important, because once you have a loss, are you able to absorb that deductible?"