My wife freaked out when our insurance agent called for us to renew and told her that we don’t have earthquake insurance. So I go in to see the agent to negotiate the earthquake insurance.
With my regular policy having gone up as well (as it does every year), I ask " Is there any way we can cut the premium down ?." Before the earthquake insurance, the new annual premium was $510.
Well it turns out that if we raise the standard $500 deductible to $1000 I will save $76 on my premium.
Whaaaaat??? I’ve been paying $76 annually for 29 years to save $500 in case of a catastrophe? What a ripoff ! Oh well. It was a good thing my wife made me get that earthquake insurance.
I thought maybe some of you might want to check this out for yourselves.