Are insurance companies starting to raise deductibles on home policies?
In this story, Jay Calvert of Frisco is the canary. He is the first to alert The Watchdog that his insurance company, Farmers Insurance Group, is raising the minimum deductible on wind and hail damage from 1% to 1.5%. If your house is covered at $400,000, a 1% deductible is $4,000.
This article is available to Insider Pro subscribers only.Sign in or register to be an Insider Pro and access ALL LOCKED articles.