Your insurer should be able to suggest a minimum and maximum deductible amount for you to choose from. From there, you'll need to assess your risk tolerance. If you choose a lower deductible amount, you'll pay less up-front costs during a claims settlement, but will typically have to pay a slightly higher premium. If you choose to pay a higher deductible, you'll have to pay more up front during a claims settlement, but you'll pay slightly lower premiums. It's important that you choose a deductible amount that you're comfortable with. If you do have to go through the claims process, you'll want to ensure you can afford to pay out the deductible. Take a look at your affordability and choose a deductible amount accordingly.
AT TD Insurance, we want to ensure you have the right home insurance policy that suits all your needs, without compromising your budget. If you're an existing TD Insurance customer, you can modify or review your policy from MyInsurance. Or, if you're on the hunt for a new home insurance policy, you can get started with a quote to see what a customized policy could look like for you.