Deductibles for Buy and Hold properties?

[Dana Yobst]

I'm a new investor and buying a handful of buildings in a LLC. I have read that you shouldn't make any claims on insurance unless its catastrophic to keep costs down. If that is true, it seems better to go with a 5k deductible than 2500k to bring down the cost of insurance.

What do other people choose for deductibles?   I will have replacement cost for a newer building and ACV for older buildings.   Also, do you use the purchase price for ACV or inflate it a bit to cover depreciation in the event of a loss?