Investment Property Insurance - what is important?

[David K.]

Hello BP community,

when obtaining insurance for your new investment property, what balance between the deductible and total premium do you look for?

Does it matter to you if the deductible is as small as possible and thus your monthly payment is higher or you want to lower your payments and therefore go for higher deductibles like $2500?

I asked to lower my deductible to $1000 but the total cost of insurance went up by about 25-30%. And now I am thinking that it wasn't a right move; that I should go back to $2500 deductible and lower my monthly payments to inclrease my cashflow.