What Deductible Should I Have For Homeowners Insurance? 
Generally insurance is designed to protect you from catastrophic loss . The definition of catastrophic loss varies . For some people a $ 500 loss would be a catastrophe while others can sustain much larger losses easily . To get the most for your insurance dollar you should take the highest deductible you can afford . Companies sometime offer deductibles that are a percentage of the value of the building . These high deductibles have a profound effect on the premium because they greatly reduce the insurance companys risk . 