Insurance questions on SFH in Indianapolis

[Ryan Yetter]

I'm closing on a $70,000 SFR next week, and I've got a few insurance related questions:

Is there a consensus between Actual Cash Value and Replacement Cost Value for a property valued in the $70,000 range? (The premium difference is about $150 annually).

The company I'm leaning towards defaults the deductible to $5,000. What do you/would you recommend for a SFR at this price point? Higher, lower, or is that about right?

I was initially planning to lower the deductible, but was advised that the deductible for wind/hail can’t be lowered below $5,000 (but all other covered occurrences can be lowered).

Any insight is appreciated!