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$1000 "all peril" homeowners deductible is industry norm at this point. 10 or 15 years ago most homeowners carried a $500 "all peril" deductible. We have seen the transition to $1000 for a couple reasons. It's less expensive. The difference in carrying $500 compared to $1000 can be hundreds in savings annually! Carriers have also become more harsh when it comes to eligibility, and non renewal. Long gone are the days when you called your insurance company to replace the garage window after your kids hit a baseball through it. Even the most "loyal" of carriers are turning a blind eye to your time spent with them. If you file multiple claims in any 3 year period.....you are probably getting non-renewed. So, don't file a claim unless your damages are $1000 minimum, and you stand less chance of getting dropped. Regardless of your deductible choice.....your agent should always be your first phone call. Call your agent, and let he/she breakdown your coverage & options!  

There can be several deductibles on a homeowners policy. Wind/Hail, Hurricane, & Earthquake deductibles also often apply. Take a look at some basic deductible information.  

Please visit our homeowners page for more information about how to protect yourself, or call our office 732-798-6948.
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