Can a deductible be waived?

When it comes to home insurance, the deductible is the amount of money you must pay for repairs before your insurance company pays for your claim. … Fortunately, in some special situations, the deductible can be waived, however, only a few companies offer this type of coverage.  In some situations, you have to purchase a claims forgiveness endorsement to your …

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Is it better to have a higher deductible for home insurance?

Yes, you could have your insurance company cover the $500 after your deductible, but the cost of your premium will be higher than necessary. The insurance company knows that statistically you are more likely to file a claim with a lower deductible, and since everytime one files a claim they have to investigate it whether there is actual damage or not, it …

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