4 ms·

If you have $30k of expenses, and $10k are the deductible, you should try to fix the other $20k, since they're bigger. For example, try to buy a second insuranc

• inferiorhuman 3y ago
  In my case I'm dealing with a condo, so no standard master policy nor any HO6 policy would cover loss of use. An umbrella policy might cover it, and you could certainly find something bespoke but it would hardly be worth the cost. For a single-family home I would've been covered but the amount of loss-of-use coverage is generally tied to the rest of the coverage you've got which is tied to the value of your home. With the cost of 'short term' housing (at least in the Bay Area) you're likely to blow through your limits pretty quick even if you ignore all of the other costs related to loss of use (commute, food, utilities, etc.). Keep in mind the vast majority of homeowners insurance policies aren't "we're going to make you whole", they're "we'll pay for certain, named events up to a dollar amount". The things that your carrier excludes are likely to be things that every other carrier in your state will exclude. Besides the bet that you'll save money with a $10,000 deductible falls apart once you make a second claim in fifty years. The best numbers I could find suggest that homeowners typically file a claim every 9–10 years. You've likely already blown through the projected savings by the second decade, by year fifty? The lower deductible would've been much cheaper.