Showerthought: People in my building keep ignoring the new strata insurance deductible.

Our policy changed to a $50,000 deductible per claim, so a burst pipe could cost each unit over $5,000. Has your building seen a similar jump?

3 comments

3 Comments

ryan_sanchez2mo ago

But is that even a real risk for most people?

jennifer_west521mo ago

Wait, @ryan_sanchez is acting like a surprise 5k bill isn't a big deal? Most people's emergency fund is like, a Netflix password they can borrow.

jason3282mo ago

Honestly, that deductible is wild! My building's rules changed last year and I'm still trying to figure out if my emergency fund covers a disaster or just my bad takeout habit. A five grand surprise bill would definitely mean eating a lot of ramen.