Quote:
Originally Posted by 784caroline
goodgrief
Believe it or not You are not insured by USAA. ASI is a cooperating agency that USAA is using as a convience for its members to provide homeowners insurance in Florida. USAA (the company) is NOT writing any new homeowners insurance in Florida with the exception of active duty military whose primary residence is in the state of FLorida.
What this means to you is USAA is not taking a financial risk with your policy, and the financial backing of your insurance policy is dependent on ASI's financial credit. If a claim occurs, USAA will still provide its adjusters (not ASIs) to resolve the claim.
Given the circumstances we have in the State of Florida its not a bad deal....but you are not insured by USAA. I have USAA and from what I hear ASI homeowners policy is more reasonable in price...cannot tell if its comparable.
Just curious what is your sinkhole deductible with ASI...with USAA its 10% of policy coverage. Ground collapse is $500.
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I was just looking at that on the USAA site and yep you're right. Didn't even realized they had done that
But guess its good they had someone they have there customers deal with.
Its $500 deductable for anything (sinkhole, ground collapse, hurricane damage, total loss etc...) We didn't get regular flood insurance because we're on higher ground, basically the whole neighborhood would have to be underwater to get us
. But we are covered for sewer issues or hole in roof type scenerio or pipe break. I think we were right at $730 for the policy. I thought it was very good and the house and contents are covered
I really expected it to be higher with the sinkhole coverage but was pleasantly surprised
As good as it gets with homeowners I suppose.