Multifamily Property Insurance - Should I go for highest deductible possible?

[David S.]

With insurance premiums for apartment properties increasing so dramatically in recent years, I am leaning towards trying to save some costs by increasing my deductible to the highest deductible possible. For example, I could save about 18% by increasing the deductible from $5,000 to $25,000. While that is a huge jump in deductible, my thinking is that we should avoid submitting any claims anyways since that would likely result in premiums being jacked up the following year or even droppage of coverage.

Does this make sense? Are there other issues I should be considering?