insurance

[IrishNavy05]

Do you need to get hurricane/flood insurance if you're living in an apartment in Pensacola? Or does personal property insurance cover stuff like that?

 

[Brett327]

Do you need to get hurricane/flood insurance if you're living in an apartment in Pensacola? Or does personal property insurance cover stuff like that?

Hurricane/flood coverage is for the owner of the residence, but you should definitely get yourself a renter's policy and inquire as to what the exact coverages and caveats are with whomever sells you your policy. I recommend USAA.

Brett

 

[Purdue]

I'm in P-cola right now... just starting API.

USAA renter's insurance is who I have, it's $12 a month... for like $8000 coverage. And I asked, it does cover hurricane and flood damage.

You can up the coverage as high as you need it, and it's still damn cheap. Plus, I haven't heard of USAA screwing anyone over (like I have heard of some of the smaller, less known companies)

 

[Gatordev]

USAA, hands down. They also have a technology clause you can add to both home and renter's policies. I ended up using it on a PDA that died on me and was out of warranty. After a little confusion on what a PDA is, they paid for a replacement, no questions asked.

And don't get me going about their car insurance. I've had WAY too many claims (none my fault, for the record), and each time, they were incredibly helpful and fast.

 

[Brett327]

USAA, hands down. They also have a technology clause you can add to both home and renter's policies. I ended up using it on a PDA that died on me and was out of warranty. After a little confusion on what a PDA is, they paid for a replacement, no questions asked.

And don't get me going about their car insurance. I've had WAY too many claims (none my fault, for the record), and each time, they were incredibly helpful and fast.

I made a claim a couple years ago when my stereo was stolen and they ended up jacking my rates. Makes me wonder if I would have been better off in the long run just eating the cost of a new stereo instead of a lifetime of higher rates.

Brett

 

[A4sForever]

I made a claim a couple years ago when my stereo was stolen and they ended up jacking my rates. Makes me wonder if I would have been better off in the long run just eating the cost of a new stereo instead of a lifetime of higher rates.

Brett

Sometimes, especially for homeowner's or auto --- it IS cheaper in the long run to bite the bullet and pay the piper ... to save, as Brett put it, in the long(er) run.

USAA's take on this is that some people try to "maintain" their residence via the vehicle of homeowner's insurance.

Personally? I've been with USAA since 1965 for a variety of insurance needs --- I can honestly say I have had ZERO "real" complaints about them and I plan on being with them until I go to the great airplane in the sky ....

Heck, there's not too many wives you can say THAT about ... ??? :icon_rast

 

[IrishNavy05]

thanks for the info everyone...one thing though - what is the difference between renter's insurance and personal property insurance?

 

[The Chief]

Sometimes, especially for homeowner's or auto --- it IS cheaper in the long run to bite the bullet and pay the piper ... to save, as Brett put it, in the long(er) run.

Ditto that. And if you are a homeowner; never ever put in a claim for non-weather related water leak damage to your home. Your home will forever be stigmatized for possible hidden mold/mildew, and in Maryland as well as some other jurisdictions, you will not be permitted to move your policy to another company for a period of at least 5 years.:icon_rage

Ditto USAA insurance. Nothing better in coverage nor value.:icon_smil

 

[KimberlyD]

Personal property insurance is a term used when you are in issued quarters such as your dorm room at College, a BOQ room, on the ship, etc or when living rent free somewhere (tweening off the 'rents?), renter's insurance is the term used when you have some liability for the area meaning you have a contract (military housing, an apartment, etc) that makes you responsible for not only your property but also the safety of those on "your" property (meaning if your dog bites someone, etc).

Renter's insurance nationally runs an average of $0.50 per day so $15 per month is the norm. Make sure you have flood coverage on your renter's policy so that if your property is damaged by flood waters, you're still covered, USAA builds this into their renter's policies automatically.

 

[the_suck]

If you already have another policy with USAA, like auto insurance, sign up for renters insurance. They'll give you a "mulitple policy discount" on your auto insurance and it will pretty much pay for the renters insurance.

 

[luckechance]

thanks for the info everyone...one thing though - what is the difference between renter's insurance and personal property insurance?

Just to add a little more, you can use a personal property policy to cover specific expensive items like a computer or an academy ring with a no deductable.