The deductible on your home insurance in Lufkin, Texas can have a wide range of pricing options. Although many companies will focus on a set amount, such as $500, other companies will allow you to select a percentage of the amount for your deductible.
When you are discussing the percentage, the most common option companies provide is 1 percent. Otherwise, you will be given specific price options. The only way to get a higher percentage if it is affordable is by calling your provider directly and making a request.
In some cases, the company may have an upper limit of one percent. In that situation, you may not be able to get a higher percentage and a lower rate on your monthly payments because the amount is the maximum. Other companies will not set a maximum upper limit, so it might be possible to ask for a higher deductible percentage if it is available.
The only way to determine your options through a particular company is calling and asking for the details. The representative of the company should provide details about the options available and the maximum percentage the company allows you to take out. In some cases, you will have options to increase the amount to 5 percent, but only if you make a formal request for the change.
The amount you pay in your deductible will always depend on the options you select when you are looking for an insurance company. In some cases, you will be able to make the choice to increase the amount for a lower monthly rate. To learn more about your options or companies that allow a higher rate, contact us to talk to an independent agent.