http://gamingtrend.com
April 16, 2014, 05:15:40 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News:
 
   Home   Help Search Calendar Login Register  
Pages: [1]   Go Down
  Print  
Author Topic: Homeowners Insurance  (Read 530 times)
0 Members and 1 Guest are viewing this topic.
SkyLander
Gaming Trend Senior Member

Offline Offline

Posts: 1867



View Profile
« on: November 08, 2012, 02:35:39 AM »

So I am buying a house and I need to look at insurance stuff now. I honestly have no idea who to go with. All the research I do says this company or that company constantly weasels out of paying claims, also that apparently filing claims is bad? What's the point of having insurance then...

Has anyone had actual good experience with the claim process and so forth with homeowners insurance?
Logged

Pretty....what do we blow up first?
Ironrod
Gaming Trend Senior Member

Offline Offline

Posts: 3304



View Profile WWW
« Reply #1 on: November 08, 2012, 03:30:16 AM »

Good experience? No. The only major claim we ever had to file led to a dispute that dragged on for the better part of a year. We finally ended up paying a lawyer to write a threatening letter that got our garage rebuilt. We switched companies as soon as their check was cashed. That was the company that used to use Snoopy in their advertising -- Metropolitan maybe?

For the past 15 or so years we've been insured by a local company serviced through a local agent. Their price is competitive and the local angle will theoretically make them more responsive if we ever need to make a claim. I walk past our agent's office nearly every day and the company itself is based just a few miles away. I've never had occasion to test the theory, but I like dealing with people in my own community rather than some faceless corporation.

I should mention that my dad was a casualty insurance salesman for 40+ years. He was evangelical about going through independent agents. Independents will always give you the best rate and will advocate for your claims because they aren't in the employ of a single company. I've generally found that to be good advice.

Many companies give a discount if you buy both your car and homeowners insurance through them, so you should look into that. But I'll just repeat my father's advice to find a local independent agent and take his or her recommendations. You might save some money if you move your car insurance to the same agent/company.
« Last Edit: November 08, 2012, 03:32:06 AM by Ironrod » Logged

Curio City Online - Weird stuff you can buy
Curious Business - The Curio City Blog
Alefroth
Gaming Trend Senior Member

Offline Offline

Posts: 668



View Profile
« Reply #2 on: November 08, 2012, 03:41:25 AM »

Have had Metropolitan for over 15 years, and had one claim, which was very smooth and got paid a lot more than expected. However, just today talked with Allstate because Met's premium keeps going up. Allstate is able to provide the same policy for considerably less.

Ale
Logged
rshetts2
Gaming Trend Senior Member

Offline Offline

Posts: 2420



View Profile
« Reply #3 on: November 08, 2012, 01:11:44 PM »

regarding the comment that filing claims is bad.  Yes it can be.  If you have a small claim, its often best to not file because filing a claim almost always triggers a rate increase on your next renewal.  Also, many companies have a maximum allowable number of claim filings and can cancel your policy for hitting that max.  For example my brother in law filed 3 claims in a year and a half.  That got his policy cancelled.  Two of the claims were small ( less than $750, combined ) the third was a larger claim.  All three were due to storm damage.  As soon as the third claim was closed and paid they cancelled his policy.  In the end it worked out though as he got re-insured at a lower rate.   
Logged

Can you see the real me? Can ya, CAN YA?
Misguided
Gaming Trend Staff
Gaming Trend Senior Member

Offline Offline

Posts: 4850


Semi-acquatic egg-laying mammal of action


View Profile
« Reply #4 on: November 08, 2012, 06:29:57 PM »

Met Life here. I had one claim, and it was awesome. I felt really bad, because I hadn't been with them that long, whereas I was with my previous company for years without ever filing a claim. When the guy came out to look, I was ready for a fight about a couple of things, but before I knew it, he was giving me money for stuff I hadn't even thought of. I wasn't even sure they would cover it at all, because it was completely my fault (frozen faucet) but they were like, "no problem".
« Last Edit: November 08, 2012, 06:33:36 PM by Misguided » Logged

Ruining language with my terrible words.
McNutt
Gaming Trend Senior Member

Offline Offline

Posts: 612


View Profile
« Reply #5 on: November 08, 2012, 08:02:39 PM »

Our toilet tank leaked and flooded the entire place within a month of us moving in.  We still had a bunch of stuff still in boxes when it happened.  State Farm had a crew over there to take care of all of the damage and wrote us a check within a few days.  I was very pleased.
Logged
rshetts2
Gaming Trend Senior Member

Offline Offline

Posts: 2420



View Profile
« Reply #6 on: November 09, 2012, 04:04:21 AM »

Quote from: McNutt on November 08, 2012, 08:02:39 PM

Our toilet tank leaked and flooded the entire place within a month of us moving in.  We still had a bunch of stuff still in boxes when it happened.  State Farm had a crew over there to take care of all of the damage and wrote us a check within a few days.  I was very pleased.

Ill toss out a  thumbsup for State Farm as well.  I had my main sewer line break and it flooded my finished basement.  State Farm was great to work with, they even pointed out some claimable items that I missed on my first submission that got me around $1500 more than the original claim.   I did see a raise in my rates the next time they came due but the claim for my basement and plumbing came up to over 20k so a $100 annual rate increase doesnt bother me so much.
Logged

Can you see the real me? Can ya, CAN YA?
stessier
Gaming Trend Senior Member

Offline Offline

Posts: 712


View Profile
« Reply #7 on: November 10, 2012, 10:26:29 AM »

The only time I have ever filed a claim we had Nationwide when I accidentally left a 2nd floor bathroom sink running and stoppered.  It flooded the upstairs bathroom, bedroom, and hallway and it was raining in the downstairs dining room and powder room.  This happened on Good Friday.  A single call got us a crew to come in and start the drying out procedure and on Monday an agent came out to assess the damage, went out to his car and wrote it up and came in with a check (~$1200 if I remember correctly).  The whole thing was very easy and our rates didn't increase, although we did change companies for a lower rate a few years later.
Logged
SkyLander
Gaming Trend Senior Member

Offline Offline

Posts: 1867



View Profile
« Reply #8 on: November 10, 2012, 07:32:40 PM »

Okay, so the general consensus from here at least is that it's a crapshoot kind of as with anything with insurance. Guess I'll try USAA and see how much I save by bundling since I have my car insurance through usaa. If not I'll look around.
Logged

Pretty....what do we blow up first?
pr0ner
Gaming Trend Senior Member

Offline Offline

Posts: 5349


Go Flames go!


View Profile
« Reply #9 on: November 10, 2012, 09:43:51 PM »

Do USAA.  They're who I use for both auto and homeowners.
Logged

XBox Live Gamertag: Pr0ner
Pages: [1]   Go Up
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2013, Simple Machines
Valid XHTML 1.0! Valid CSS!
Page created in 0.097 seconds with 42 queries. (Pretty URLs adds 0.017s, 2q)