Their reconstruction estimate matches the insured value.It is hard to say why a particular persons insurance rates went up. Your insurance rate is based on the coverage you have. And since the cost of building materials have gone up the $/sq.ft. rebuild cost has gone up. I used to work for a large commercial insurer and we always had to look at the rebuild cost to determine the rate. A lot of times companies wanted to get insured based on the depreciated costs of the building, to save money. Generally your house insurance is not tied to the tax basis. Rebuild cost can be more or less than the real estate value. I currently have Farmers for both vehicles and house, last time I checked (I do this every 2 years) this was still the best deal around.
My in-laws had been with USAA for over 50 years. However, the last time they priced insurance, Germania won hands down and the service has been excellent.Are you eligible for USAA? Nobody better.
My in-laws had been with USAA for over 50 years. However, the last time they priced insurance, Germania won hands down and the service has been excellent.
We have been with USAA for going on 40 years and the service has been going South.
Check w/Germania as well....firearms are considered "Household Goods".
You should see whats happening inside USAA... I worked there for years and still have friends there currently.My in-laws had been with USAA for over 50 years. However, the last time they priced insurance, Germania won hands down and the service has been excellent.
We have been with USAA for going on 40 years and the service has been going South.
We are with Farmer’s (home, auto & umbrella). Our HO premium increased 22%. I told our agent to try again because I would not accept a 20+% increase each year - it’s unsustainable. In the meantime, I checked out PolicyGenius.com, and they provided me with competitive quotes. Fortunately, our agent came back with a lower premium (and better coverage). Good luck.I may have to start looking for another insurance company for car and home.
Any suggestions?
Right up until the day you need it.
Except if you put that money into a steady 6% conservative estimate you'd almost always come out ahead. Mandated insurance is a scam. It shouldn't be required.
Cool. Tell ya what...loan me $500k for a house w/o mandated insurance. I'm sure you won't mind if it burns and I just walk away from it.
My neighbors HAD Germania until they refused to pay for a damages caused by a lightning strike to their house because they couldn't prove it was lightning. They were home when the lightning hit. It blew all the siding off of one wall of the house and fried a bunch of the wiring.
Odd, I had a strike in the backyard about 15 years ago that blew out one of my heat pumps, garbage disposal, water cooler and dishwasher - basically everything on the east wall of the house near the backyard. No issues with the claim. No proof it hit my house since it hit the yard but no questions from the adjuster.
I may have to start looking for another insurance company for car and home.
Any suggestions?