$2500 per year for nothing. I've lived here almost 15 years and have never used it for anything. One time I had some guys come out and check for hail damage and they found none, but the insurance company immediately changes things so I'm still paying them, but it's some other company doing the insuring (?). weird. what do I need it for when they don't pay out anything anyway?
If you put that $2,500.00 per year into an account and only used it to "insure" your property, then how much would you have in it after 15 years?
Answer: $37,000.00
Is your home, and other property covered, worth more than that $37k? If so, then just shop around and find another company with a better treatment of it's customers.
True but $37k is NOT going to get your home, and personal property back after a fire.
It's a huge risk not to have fire, or personal injury insurance at a minimum. If someone gets injured on your property and decides to Jew you for compensation, then you are fucked.
[ - ] Sector2 1 point 2 monthsFeb 23, 2025 17:18:17 ago (+1/-0)
Fix any issues that could cause a fire. I've never had a fire in my life, but I can immediately think of 3 neighbors who have. Two because of cigs, one because of an overturned grill. Rule #1: Don't be retarded.
And don't live so close to neighbors that their fire would be a problem for you. (cough LA cough)
I had a utilities failure that put my food court location out of business for a week. ~$200k in sales lost. It wasn't my fault, it was the building's infrastructure.
Because it was a new location I had specifically insured against this very scenario.
They paid exactly fuck nothing, I had to suck up the loss.
Insurance companies are by and large, pretty fucking worthless.
I have liability, and firearms insurance, but I ditched the house and contents insurance over a decade ago. I spent the money on robust fire suppression system, and a blue steel roof instead.
Children and Stepchildren: You're eligible if your parent or step-parent is a USAA member.
Grandchildren: You qualify if both your parents and grandparents are USAA members.
Spouses and Widows/Widowers: Current spouses of military members or veterans are eligible. If you're a widow or widower, you can retain your USAA membership (Read More: Do I have to add my spouse to my car insurance?)
Unremarried Former Spouses: If you divorced but didn't remarry, you may still qualify for USAA insurance if your former spouse was a member.
We'd like to point out, though, that grandchildren and children of deceased military members are only eligible if their parents were USAA members while alive."
Tree falling on house. Vehicle crashing into house. Electrical/chimney/kitchen/wild fire. Tornado/hurricane damage. Water pipe breakage flooding. Unusual events.
If risks are low enough across the board, the odds would be in your favor. Use the money to fix potential problems, but also save for the unexpected.
We paid insurance for 20 years on a home. Pool overflowed, denied the claim. It's ungodly when you need it, it's not there. Our of pocket $10,000 to repair. I like the guy. Put $2,500 on a savings account annually.
I like self insuring. Maybe just get a singular fire policy or the major issues that come up.
Some mortgages stipulate you have homeowners insurance, force you with one of their own choosing or altogether drop your mortgage and you lose your home if you don’t keep the insurance going - assuming you have’t paid off the home and still paying mortgage.
[ + ] 2Drunk
[ - ] 2Drunk 0 points 2 monthsFeb 23, 2025 13:55:19 ago (+0/-0)
[ + ] KosherHiveKicker
[ - ] KosherHiveKicker 5 points 2 monthsFeb 23, 2025 14:10:27 ago (+5/-0)
Answer: $37,000.00
Is your home, and other property covered, worth more than that $37k? If so, then just shop around and find another company with a better treatment of it's customers.
[ + ] PotatoWhisperer2
[ - ] PotatoWhisperer2 5 points 2 monthsFeb 23, 2025 15:03:52 ago (+5/-0)
[ + ] KosherHiveKicker
[ - ] KosherHiveKicker 2 points 2 monthsFeb 23, 2025 16:13:46 ago (+2/-0)
It's a huge risk not to have fire, or personal injury insurance at a minimum. If someone gets injured on your property and decides to Jew you for compensation, then you are fucked.
[ + ] Sector2
[ - ] Sector2 1 point 2 monthsFeb 23, 2025 17:18:17 ago (+1/-0)
And don't live so close to neighbors that their fire would be a problem for you. (cough LA cough)
[ + ] BushChuck5002
[ - ] BushChuck5002 -2 points 2 monthsFeb 23, 2025 18:42:40 ago (+1/-3)
I had a utilities failure that put my food court location out of business for a week. ~$200k in sales lost. It wasn't my fault, it was the building's infrastructure.
Because it was a new location I had specifically insured against this very scenario.
They paid exactly fuck nothing, I had to suck up the loss.
Insurance companies are by and large, pretty fucking worthless.
I have liability, and firearms insurance, but I ditched the house and contents insurance over a decade ago. I spent the money on robust fire suppression system, and a blue steel roof instead.
[ + ] big_fat_dangus
[ - ] big_fat_dangus 0 points 2 monthsFeb 24, 2025 12:49:18 ago (+1/-1)
[ + ] BushChuck5002
[ - ] BushChuck5002 -1 points 2 monthsFeb 24, 2025 17:51:06 ago (+1/-2)
[ + ] big_fat_dangus
[ - ] big_fat_dangus 0 points 2 monthsFeb 24, 2025 18:22:20 ago (+1/-1)
[ + ] BushChuck5002
[ - ] BushChuck5002 -1 points 2 monthsFeb 24, 2025 19:07:07 ago (+1/-2)
[ + ] jfroybees
[ - ] jfroybees 2 points 2 monthsFeb 23, 2025 14:24:41 ago (+2/-0)
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 1 point 2 monthsFeb 23, 2025 15:43:00 ago (+1/-0)
[ + ] jfroybees
[ - ] jfroybees 2 points 2 monthsFeb 23, 2025 16:44:58 ago (+2/-0)
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 0 points 2 monthsFeb 23, 2025 18:19:34 ago (+0/-0)
[ + ] jfroybees
[ - ] jfroybees 2 points 2 monthsFeb 23, 2025 18:28:44 ago (+2/-0)*
https://coverager.com/no-military-service-you-may-still-be-eligible-for-usaa/
A military and familial connection.
https://clearsurance.com/blog/am-i-eligible-for-usaa-insurance
"Family eligibility includes:
Children and Stepchildren: You're eligible if your parent or step-parent is a USAA member.
Grandchildren: You qualify if both your parents and grandparents are USAA members.
Spouses and Widows/Widowers: Current spouses of military members or veterans are eligible. If you're a widow or widower, you can retain your USAA membership (Read More: Do I have to add my spouse to my car insurance?)
Unremarried Former Spouses: If you divorced but didn't remarry, you may still qualify for USAA insurance if your former spouse was a member.
We'd like to point out, though, that grandchildren and children of deceased military members are only eligible if their parents were USAA members while alive."
[ + ] TheOriginal1Icemonkey
[ - ] TheOriginal1Icemonkey 0 points 2 monthsFeb 23, 2025 20:30:27 ago (+0/-0)
[ + ] observation1
[ - ] observation1 0 points 2 monthsFeb 23, 2025 15:39:58 ago (+0/-0)
But only if you're on fixed income and will move anyway in case of disaster (eg, have a place to go)
[ + ] MaryXmas
[ - ] MaryXmas 0 points 2 monthsFeb 23, 2025 16:38:17 ago (+0/-0)
It matters primarily if there is a mortgage because the bank won't take that risk.
[ + ] Sector2
[ - ] Sector2 0 points 2 monthsFeb 23, 2025 17:34:33 ago (+0/-0)
Tree falling on house.
Vehicle crashing into house.
Electrical/chimney/kitchen/wild fire.
Tornado/hurricane damage.
Water pipe breakage flooding.
Unusual events.
If risks are low enough across the board, the odds would be in your favor. Use the money to fix potential problems, but also save for the unexpected.
[ + ] pickingrinninspittin
[ - ] pickingrinninspittin 0 points 2 monthsFeb 23, 2025 18:03:02 ago (+0/-0)
Have you tried shopping around? Sometimes just letting your insurer know you're looking at other companies is enough for them to sharpen their pencil.
[ + ] NeonGreen
[ - ] NeonGreen 0 points 2 monthsFeb 23, 2025 18:17:56 ago (+0/-0)
I like self insuring. Maybe just get a singular fire policy or the major issues that come up.
[ + ] MeowtherFluffer
[ - ] MeowtherFluffer 0 points 2 monthsFeb 23, 2025 23:51:49 ago (+0/-0)