Don't miss what's happening in Kingwood
People on Kingwood.com are the first to know.
Go to top of page
Close
 
Close
Back
* CONTEST TODAY: 24 Hours Only - Win a $25 Gift Card to Panera Bread!  Ends in 11 hrs Read more »

Home Owners Insurance deductible

Home Owners Insurance deductible

« Back
This discussion has been locked.
Message Menu
by: bearae Active Indicator LED Icon 2 OP 
~ 9 years ago   May 28, '14 10:32am  
What do you pay? We just found out it's 2% no matter if it's home damages by weather or not.  Is that the norm? 4951
* Reactions disabled on political threads.
What are your thoughts? Log in or sign up to comment
Replies:
Message Menu
Fallon Active Indicator LED Icon 18
~ 9 years ago   May 28, '14 10:38am  
Removed By Request 4951
* Reactions disabled on political threads.
Message Menu
WskyTngoFxtrt Active Indicator LED Icon 10
~ 9 years ago   May 28, '14 10:48am  
I pay a straight $1000 deductible no matter what the damage is - including hurricanes. 4951
* Reactions disabled on political threads.
Message Menu
bearae Active Indicator LED Icon 2 OP 
~ 9 years ago   May 28, '14 10:59am  
Wow, that's awesome! Would you mind if I ask who you have? We just had water heater damage and found out our deductible is more than we thought. I am planning into looking at different companies now. 4951
* Reactions disabled on political threads.
Message Menu
topcat Active Indicator LED Icon 12
~ 9 years ago   May 28, '14 11:04am  
I pay a straight $1000 deductible no matter what the damage is - including hurricanes.
 
@WskyTngoFxtrt: Me too. I have USAA. I have had to use my insurance for some water damage from an appliance malfunction in a house i was renting once (renter's ins). They actually paid out $ to my landlord to cover her deductible. I was floored! I will NEVER go with anyone else.
 
4951
* Reactions disabled on political threads.
Message Menu
WskyTngoFxtrt Active Indicator LED Icon 10
~ 9 years ago   May 28, '14 11:12am  
Wow, that's awesome! Would you mind if I ask who you have? We just had water heater damage and found out our deductible is more than we thought. I am planning into looking at different companies now.
 
@bearae: I went through Progressive, but it's a different company if that makes sense. I'll have to look for it when I get home.
4951
* Reactions disabled on political threads.
Message Menu
bubbleyes72 Active Indicator LED Icon 18
~ 9 years ago   May 28, '14 11:16am  
 
- - - - - - - -
>> Wow, that's awesome! Would you mind if I ask who you have? We just had water heater damage and found out our deductible is more than we thought. I am planning into looking at different companies now.
@bearae:
I went through Progressive, but it's a different company if that makes sense. I'll have to look for it when I get home.
@WskyTngoFxtrt: Here it is, I too used them and saved over 1200.00 including my auto insurance.
 
My cars are with Progressive so I get the multi-policy discount. I also have a straight $1000 deductible for the home instead of the standard percentage.Try 1-888-894-3522 or 1-888-892-0752 or check out the website......www.ameriprise.com/progressive
  4951
* Reactions disabled on political threads.
Message Menu
WskyTngoFxtrt Active Indicator LED Icon 10
~ 9 years ago   May 28, '14 11:20am  

- - - - - - - -
>>
 
- - - - - - - -
>> Wow, that's awesome! Would you mind if I ask who you have? We just had water heater damage and found out our deductible is more than we thought. I am planning into looking at different companies now.
@bearae:
I went through Progressive, but it's a different company if that makes sense. I'll have to look for it when I get home.
 
@WskyTngoFxtrt: Here it is, I too used them and saved over 1200.00 including my auto insurance.
 
My cars are with Progressive so I get the multi-policy discount. I also have a straight $1000 deductible for the home instead of the standard percentage.Try 1-888-894-3522 or 1-888-892-0752 or check out the website......www.ameriprise.com/progressive
 
@bubbleyes72:  Yup, that's it. Thanks!
4951
* Reactions disabled on political threads.
Message Menu
Puzzles Active Indicator LED Icon 14
~ 9 years ago   May 28, '14 11:25am  
We have had the same home owner's insurance for 15 years.  We have had 3 water damage claims over the 15 years and we just got a lovely letter that is requesting a plumbing inspection before they consider renewing our coverage.  4951
* Reactions disabled on political threads.
Message Menu
Fallon Active Indicator LED Icon 18
~ 9 years ago   May 28, '14 12:02pm  
Removed By Request 4951
* Reactions disabled on political threads.
Message Menu
Puzzles Active Indicator LED Icon 14
~ 9 years ago   May 28, '14 1:02pm  
Thank you for the recommendation Fallon.  The plumbing inspector just left.  Only issue is that our 23 year old water heater needs replaced.  So now I need to get additional estimates to have it replaced. We are very lucky that we have not had any problems with that water heater, the other water heater was replaced about 7 years ago. 4951
* Reactions disabled on political threads.
Message Menu
cador Active Indicator LED Icon 10
~ 9 years ago   May 28, '14 1:20pm  
It is now after Ike.Lots of people would make claims, then never fix their roof, etc.Needless to say when the next storm came along, the issue that wasn't fixed would need to have another claim made.  So the insurance companies stopped paying for these claims unless the homeowner could prove that the issue had been repaired the first time.Along with this came the 1% and 2% of the property value as the deductible in named storms.
 
@Fallon: Correct, and the way carriers pay claims is they pay Actual Cash Value up front (take out depreciation), and will not pay Replacement Cost until you can prove you took care of the loss, normally a paid a receipt but also come out and do inspections, Normally can be a big difference between the two figures, depending on the age of the home.
4951
* Reactions disabled on political threads.
This discussion has been locked.
« Back to Main Page
Views: 6
# Replies: 11

Tay's Sprinkler Service




McNamara Law Office, PLLC Logo Houston Custom Carpets Flooring & Remodeling Logo Old Humble Distilling Company Logo Ann's Teahouse Logo Advanced Appliance Repair Logo Weight Loss Now - Kingwood  Logo Primrose School of Atascocita Logo Texas Water & Ice Logo TNT Tree Service Logo MacFarlane & Associates, P.C. Logo Abbie's Plumbing LLC Logo K&M ACE Hardware Logo The Nathaniel Center Logo Anytime Pest Elimination  Logo Northpark Animal Hospital Logo Anthony Electric Co. Logo K's Autohaus Logo Kingwood First Baptist Church MDO Logo Three B's Grill Logo Primrose School of Kingwood Logo European Wax Center Kingwood Logo Kenneth's Car Care Logo JMP Wines Logo J & M Construction & Remodeling Co. Logo Foundation MD Logo The Framestead Group Logo Agape Garage Doors, LLC Logo Always Best Care Humble Kingwood Logo
Sponsor an ad Sponsor an Ad »