That's odd because State Farm is really moving away from flat deductibles. In Missouri, if it's new business, you have to use a 1% deductible minimum for houses <$100,000 Dwelling A coverage. 1.2% can be used for those below that threshold. It's odd that a new home buyer would be subject to a flat 2k deductible. But remember, State Farm deductibles are almost ways comprehensive peril deductibles and they usually do not use a separate wind/hail deductible.
With that being said, obviously, just like any other company, underwriting guidelines differ from state to state. I worked in Texas/MO/KS and the % deductible is pretty standard now.
QUOTE=DawnPatrol;901882]State Farm in most states is soon to require a 1/2% to a 1% deductible on all new business depending upon the Coverage A Limit
Existing on-board business will have that on renewal also, but with a "buy-back" option to the old deductible
For me I try to sell a $2000 deductible on most cases....[/QUOTE]
edit: didn't see this.. lol essentially same thing I typed. But this is the case with SF at the moment (and from here on out)
With that being said, obviously, just like any other company, underwriting guidelines differ from state to state. I worked in Texas/MO/KS and the % deductible is pretty standard now.
QUOTE=DawnPatrol;901882]State Farm in most states is soon to require a 1/2% to a 1% deductible on all new business depending upon the Coverage A Limit
Existing on-board business will have that on renewal also, but with a "buy-back" option to the old deductible
For me I try to sell a $2000 deductible on most cases....[/QUOTE]
edit: didn't see this.. lol essentially same thing I typed. But this is the case with SF at the moment (and from here on out)
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