I went in to State Farm yesterday to make my first ever homeowners claim (In over 40 years of home ownership). I found out that State Farm has done away with standard deductibles. They now use 1/2 of 1% of the houses insured value. So, homeowner #1 insures his house for $100,000 and has a tree go through a $2500 window, his deductible is $500, and State Farm pays $2000. Homeowner #2 insures his home for $400,000 (and his insurance costs MUCH MORE than homeowner #1). A tree goes through #2’s $2500 window, and HIS deductible is $2000, and State Farm only pays $500. How is this fair? Do they figure that even though you pay higher premiums for an expensive house, you can AFFORD to pay more for a loss? It sure sounds like a WOKE policy to me. Do ALL insurance companies do this?