[quote=spdrun]$10k deductible – what’s wrong with it? There’s probably less than a 1/100 chance of $10k damage in any given year. If you’re paying more than $100/yr, do the maths…[/quote]
I think Blogstar’s point is that more than likely the general condo’s insurance is already insuring the inside of the structure…That principally leaves personal belongings left…Most people don’t have $10k worth of stuff. Meaning with a 10k deductible, you end up having to pay most everything out of pocket IF something were to happen. And the insurance policy won’t pay that much.
