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Property Insurance Mistakes to Avoid
Not being prepared for your deductible. I recognize that insurance is not a fun place to spend money. However, don’t cut corners in a way that puts you in jeopardy. One of the primary levers you can use to reduce the premium of any insurance is the deductible, the amount of money you pay before the insurance kicks in. Raising deductibles can make sense, but you need to be able to pay the deductible. In other words, you should have at least that much money stashed in savings.