REWahoo
Give me a museum and I'll fill it. (Picasso) Give
Warning: Curmudgeon rant follows...
I received a letter today from a Vice President of Policy Service at USAA regarding "Property Policy Deductible Changes". I was informed that when my homeowner's policy is renewed there will be a change to the deductible - the reason:
The letter stated my old 3% deductible on wind/hail damage and 2% deductible on all other perils would change to 2% deductible for both. Of course there was no mention of what the impact would be to my premiums or why both deductibles went to 2% rather than 3% - oh yeah, he explained everything in the quote above.
He closed with this:
This is my 40th year of doing business with this company but seeing letters like this make me wonder if they're starting to run off the rails...
I received a letter today from a Vice President of Policy Service at USAA regarding "Property Policy Deductible Changes". I was informed that when my homeowner's policy is renewed there will be a change to the deductible - the reason:
Very informative.We made these changes as part of our ongoing effort to balance risk for our membership as a whole and to offer deductible options that were most chosen by our policyholders. The change in your deductible was due to one or both of these reasons.
The letter stated my old 3% deductible on wind/hail damage and 2% deductible on all other perils would change to 2% deductible for both. Of course there was no mention of what the impact would be to my premiums or why both deductibles went to 2% rather than 3% - oh yeah, he explained everything in the quote above.
He closed with this:
I suppose the "can I change" question was rhetorical since he didn't really answer it.Can I change the new deductible?
When you receive your policy packet, please review it carefully to confirm that the coverage and deductibles meet your needs. Keep in mind that with a higher deductible, your out-of-pocket expense will be greater for a covered loss.
This is my 40th year of doing business with this company but seeing letters like this make me wonder if they're starting to run off the rails...