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Our association's master policy deductible quietly went from $1000 to $5000 at our renewal last month, without a change in premium. We were told that this was being done by all carriers for all association polcies across the board, and some were even going up to $10K. I know the insurance industry has been taking major hits from the economy, but I would have expected to see more mention of such drastic across-the-board increases on the net and in the news. Are others seeing such five-fold and ten-fold increases this year? --L
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