My Homeowners Insurance has been with State Farm for many years. Recently, I was informed that my deductible would be changed from the current $1,000 to .5% of the insured value. This would change my deductible from $1,000 to approximately $3,250. Since I am a long time policyholder, I am able to keep the deductible at $1,000 for and additional premium of $291. I realize that the company is not making as much from their investments as they were in past, never the less, this is a significant change to the policy with nothing done on my part. I have never filed a claim with the company. Question: Are other companies doing this? I have all my insurance with State Farm, including Homeowners, Auto on 3 cars, and personal liability. I do not necessarily want the cheapest insurance. I want a reasonable cost and good service when necessary, including claim handling in emergency.

About The Expert

Amy Bach

Amy Bach has been a professional advocate for insurance policyholders since 1984 and an attorney since 1989. She co-founded United Policyholders in 1991 and serves as the organization's Executive Director and primary spokesperson; shaping and overseeing the Roadmap to Recovery™, Roadmap to Preparedness, and Advocacy and Action programs. She is a nationally recognized expert on insurance claim and legal matters; frequently interviewed in print and broadcast media, and the author of numerous publications including "The Disaster Recovery Handbook", "WISE UP: The Savvy Consumer's Guide to Buying Insurance" and consumer tips and guides in the UP Claim Help Library.  Recognized by Money Magazine as a Money Hero, Bach is in her eighth consecutive term as an official consumer representative to the National Association of Insurance Commissioners, and is a member of the Federal Advisory Committee on Insurance.