Friday 8 April 2011

Homeowner Insurance, Insurance Policy

USAA arbitrarily raised our homeowners deductible from 1% to a whopping 2% for wind & hail damage. The peril which I am most likely to suffer. What I don't understand is that it usually decreases premiums to carry a higher deductible but in this instance they raised both? We called to try to buy-up to 1% but they don't allow it anymore. We are stuck with the 2% even if we were willing to pay additionally for a lower deductible.
I am going to have to shop elsewhere for my homeowners insurance due to lack of choice in deductible. Unless you have a large savings account to pay this steep deductible,...
I have used USAA for everything the past 15 years. Home, auto, life, credit cards, etc. Was very happy with their cost and service, but not any more. I just found out through our mortgage company that they've been paying more out of our escrow to homeowners insurance. Why? Because USAA raised their rates for the state of Indiana back in Dec of 2009.
Our policy renewed in March of 2010 with a 25% increase in premiums. I have been shopping around for the past couple of days and I'm receiving quotes that are nearly 40% less than USAA!!!

I was talking to a friend that lived in another state about how expensive my auto insurance was. She said since your husband was in the military have you ever heard of USAA? I hadn't heard of USAA before then so I got on line and did some research.
I noticed that they were one or two auto insurance companies with the triple A rating. After entering all my auto information USAA came back with about a $230.00 saving a month. WOW is all I can say! We have 3 vehicles and one of the drivers is a 20yr son with not such a great driving record. With that kind of savings and my friend recommending them

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