Two home inspectors receive claims for unidentified water intrusion. Both are at fault. And yet, one home inspector pays $1,500 to resolve the issue while another pays $5,000. The difference between the two: their deductibles. As the example above shows us, it isn’t just the cost at renewal (your premium) that matters. You should also consider your deductible—the price you pay if you receive a claim. When you acquire insurance, your insurer gives you several deductible options to choose from, and you pick the one that best fits you and your business’ needs. It affects your home inspector i ...
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