.png)
Home insurance - 27% increase
- Thread starter oldag
- Start date
The #1 community for Gun Owners in Texas
Member Benefits:
Fewer Ads! Discuss all aspects of firearm ownership Discuss anti-gun legislation Buy, sell, and trade in the classified section Chat with Local gun shops, ranges, trainers & other businesses Discover free outdoor shooting areas View up to date on firearm-related events Share photos & video with other members ...and so much more!
Member Benefits:
Fishkiller
TGT Addict
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.
We have been with USAA for going on 40 years and the service has been going South.
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.
Most people shop rates on premiums. I shop for referrals on covering claims. If a tree falls on my house, the last thing I want to deal with is an insurance company that doesn't want to pay. And by the way, I use Texas Farm Bureau. They may not be the cheapest, but I have never heard anyone complain about them trying to weasel their way out of paying a claim.
You should see whats happening inside USAA... I worked there for years and still have friends there currently.
They sent out an email about equality vs equity to all employees the other week. Of course the executives and CEO are immune from that talk and get to keep their private islands and what not.
From 2016 til now the corporate work environment has drastically changed from a fun military/veteran focused workplace to a woke retard fest. Kinda breaks my heart as it was such a great job. The still have the meritocracy in place but after that last email, you can kiss that goodbye
Even the type of people in the office has shifted from normal white collar workers to the typical austinite freak show atleast that is what I saw when I was there
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.
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.
As the owner of the loan I would have insurance. Not the borrower. That's my point. It's a scam.
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.
