Lenders will often set a maximum deductible of either $ 1,000 or 1 % of the total coverage amount, whichever is higher. (valuepenguin.com)
Deductibles for a home or renters insurance policy typically range anywhere from $ 500 — $ 5,000, and some companies may allow you to choose a percentage of your total coverage amount. (progressive.com)
The company needs to ensure that if you die, your total coverage amount doesn't exceed your beneficiary's economic loss. (quickquote.com)