37% savings on home insurance, but is it worth the risk?

[Ibn Abney]

I am considering increasing my home insurance deductible from $1500K to $4000K. Will save me about 37% annually from the quotes i received. 

My thought is most damage will fall under that $1500K #. If a major event does occur (ex: fire), then what is $4000K when something so drastic happens?

Just curios what more season investors are doing? The units are not in a LLC/legal entity and are in an urban area (C+ to B-) area.

thanks,

[Robert Cheek]

I have all my deductibles at $5000.  When I set them up that way years ago, I saved over  $5000 the first year. So I am money ahead already.