I've had the same ins. co for 20 + years, and, although there have been small increases in the amount my house is insured for, I feel that my house is underinsured for my area. During the last 10 years, I have called AAA several times and asked to increase my coverage because the cost of repairs, rebuilding, etc. are so expensive in my area. AAA just insists that I have enough coverage to cover rebuilding costs. I've told local builders/remodelers my coverage amount and they just laugh. I've had other ins. co.s give me quotes, and they always give me a more accurate replacement cost. So, why don't I buy theirs? Well, after so many years with AAA, I now have earned discounts on my premium. To get discounts with a new ins. co., I'd have to start all over again.
So, why does AAA want me to be underinsured? I'm willing to pay more for my insurance, so what's their problem?
2006-09-02 11:59:45 · 4 answers · asked by not the real me 4 in Business & Finance ➔ Other - Business & Finance
I would ask to speak to a manager. This is strange, they'd get more premium $ from you.
2006-09-02 12:06:31 · answer #1 · answered by tropicalvacationrentals 1 · 0⤊ 0⤋
You might need to have your home re-valued, not in a tax assessment but with the same kind of market assessment that a potential buyer would get if the home were on the market. Insuring the home for more than it is worth is a major red flag; over-insure the home, burn it down, and collect big time! So the insurance company is just trying to protect themselves against getting scammed. But if you can get an independant assessment to show how much more your home is worth compared to their estimate, it would go a long way towards getting your coverage raised.
2006-09-02 15:07:55 · answer #2 · answered by dcgirl 7 · 0⤊ 0⤋
regular counsel... sources vendors are basically required to purchase coverage whilst they are dealing with a mortage corporation. If a house is owned out precise then you definitely at the instant are not required to have it, yet a lot of human beings have it besides through fact it basically a stable thought. The undesirable information... Sorry, yet you're at the instant are not coated decrease than his householders coverage. His coverage basically covers himself and his relatives. Renter's properties are seen separate enities. Paying lease has not something to do with this and that would desire to be interior the settlement you signed. to be certain which you to be coated you may prefer to have renters coverage of your person with the aid of you own coverage corporation. Now for the stable information... although, the two house proprietor's or renter's coverage basically covers homes and properties on the valuables. it fairly is not coated for something parked exterior. to be certain which you to force this moped legally you've gotten mandatory driving force's coverage. you may desire to be coated for it with the aid of this coverage. touch them ASAP approximately your stolen moped and ask approximately renter's coverage.
2016-11-23 19:50:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Change your policy to one that covers not only your house, but the items inside you house.... that might help.
2006-09-02 12:05:33 · answer #4 · answered by AzOasis8 6 · 0⤊ 0⤋