Declared value insurance question...

[fintstone]

Originally Posted by KC911

Fint, I feel the same way. Loss of a single vehicle (or house) wouldn't be a big deal....it's the liability reasons as the good Dr has noted. The recent threads about 911s has been what sent me down this path. If I were to total my 911 (my fault), it wouldn't be that big of a deal financially, but I figure an "agreed upon value" policy might just make it easier to swallow

ps: My best friend has three houses in Fl (and one in VA)...USAA will now only insure his VA house and ONE house in FL, so he had to drop two that now go uninsured . Did I mention that I do NOT like ins. companies...even the best ones suck.

I have 7 of my 8 houses through USAA. Did he say why?

[KFC911]

Originally Posted by fintstone

I have 7 of my 8 houses through USAA. Did he say why?

Take this with a grain of salt, 'cause I'm just repeating what he told me. He had all three FL houses insured with USAA until recent storms caused huge ins. payouts in S. FL due to hurricane damage. According to my friend, USAA told him to "pick one" (all in N. Fl) as they were limiting their exposure. I believe him...all of my houses are in this area, but the ins. co's are protecting their profits from hurricanes that went up the east coast of NC in 2010. The irony...he's never filed a claim on ANY of his FL houses, but his Richmond house has been hit several times over the past few years and he's more than gotten his moneys worth with his coverage there. It's just a crap shoot...both sides of the equation imo

[fintstone]

Could be...Unfortunately I have nothing near any coast.