Landlord Insurance Premium/deductible

[Andrew Hamlett]

Hi, I'm currently working on my first landlord insurance policy and curious as to what other investors do with regard to their deductible on the policy? Higher deductible, less monthly cost, lower deductible, a bit higher monthly? Pay me now or later. Its a newer property.  Basically, I'm at an annual premium of 1120 with a 1000 deductible or a $974 premium for a $2,500 deductible? Is it worth saving 146 annually for making a claim difference of 1500. I think i know the answer but curious to see other opinions?

Andrew

[Jason Bott]

Originally posted by @Andrew Hamlett:

Hi, I'm currently working on my first landlord insurance policy and curious as to what other investors do with regard to their deductible on the policy? Higher deductible, less monthly cost, lower deductible, a bit higher monthly? Pay me now or later. Its a newer property.  Basically, I'm at an annual premium of 1120 with a 1000 deductible or a $974 premium for a $2,500 deductible? Is it worth saving 146 annually for making a claim difference of 1500. I think i know the answer but curious to see other opinions?

Andrew

Most investor clients of mine who have 1-2 rentals will carry a $2500 ded.