Quote:
Originally Posted by Norm K
I'll admit I'd never considered that the rate increases we've received from USAA over the years were due, at least in part perhaps, to opening up to non-officers.
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Not just non-officers ... their children. I don't think my buddy's dad (RIP) was in the military, but his step-dad was (AF academy grad .... couldn't fly due to eyesight, so he joined the Marines and served in 'nam). My buddy had three houses insured with USAA .... two in Fl and one outside of Richmond .... mebbe ten years ago they told him that they would only insure one .... pick one. USAA was looking to reduce exposure like most ins. companies did after significant storm payouts while also jacking up rates. They are no different than all of them now ... it's just bu$ine$$ as usual.
Same with credit unions ... most are very similar to banks now .... all about the $$$
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