Deductible for flips & rentals

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After 10 years of investing in real estate I just made my first claim. What a pain in the you know what.

Well I have decided my deductibles are to high now. I was using 2% of the property value as my deductible. Now thinking of $500.00 for rentals & $500 for flips.

Any thoughts or suggesions. Would love to hear what the rest of you use.

Hope all is well!!

[Kevin C.]

My first thought would be - much higher premiums! I generally opt for higher deductibles to lower costs, knowing that claims are few and far between.

I'm pushing 55 and have probably only had 3 or 4 insurance claims my entire life, a couple automobile and a couple homeowners (theft).