“My deductible is $5,000.” (Photo subject is a model.) - Getty Images/iStockphoto Dear Quentin This is a short question, but an important one: Is it terribly reckless to cancel homeowner’s insurance? I’m not sure I can justify$4,000 a year anymore. (I have no mortgage.) My deductible is $5,000. Homeowner Most Read from MarketWatch Related: Your home insurance is almost double the average home-insurance cost shouldered by the average homeowner. - MarketWatch illustration Dear Homeowner, Canceling ho ...