Author Topic: What level of deductible do people have on their paid off homes?  (Read 1078 times)

Talltodd

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Thanks.

Rezdent

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Re: What level of deductible do people have on their paid off homes?
« Reply #1 on: June 14, 2015, 09:00:56 PM »
Are you referring to home owners insurance deductible?
I have a high deductible  (can't remember the number, ~10000.00 I think) and would push it higher if I could save enough on premiums to justify.

forummm

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Re: What level of deductible do people have on their paid off homes?
« Reply #2 on: June 15, 2015, 09:35:49 AM »
I have a mortgage and have the max allowable ($10k). If I didn't have the mortgage I would go at least $25k based on the premium differential. I didn't ask about a higher limit to see what it cost.

Hunny156

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Re: What level of deductible do people have on their paid off homes?
« Reply #3 on: June 15, 2015, 09:50:21 AM »
Just switched policies, and went w/the highest deductible, which is roughly $10K.

Bearded Man

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Re: What level of deductible do people have on their paid off homes?
« Reply #4 on: June 15, 2015, 11:15:21 AM »
I've heard of some people forgoing HOI on paid off homes due to tax loss harvesting. While there are deduction limits per year, if you are over one year you can carry forward each year until fully harvested. Or so they say, I have not researched this myself yet.