Is anyone else dealing with property insurers mandating home inspections for coverage? My neighbor was looking to save on their homeowners insurance in Georgia and found a more affordable option. However, after committing to the new policy, they were suddenly informed that an inspection was necessary, and they had to replace their roof, which was installed in 1987 and only 10 years old with no leaks or problems. They ended up spending $7,000—so much for saving money!
Has anyone had a similar experience? I’m with USAA and trying to lower my rates (I have both property and car insurance with them). I’m tired of their ongoing rate hikes. Thanks for any insights!
It sounds like your neighbor had quite a frustrating experience! It’s becoming more common for property insurers to require home inspections, especially when there’s a significant change in coverage or if the home is older. These inspections can sometimes lead to unexpected expenses, as you’ve noted.
Many insurers, including USAA, do periodically reassess their pricing and can raise rates due to various factors like claims history or market changes. If you’re considering switching companies to lower your rates, it’s a good idea to shop around and compare not just the premiums but also the terms and conditions—especially regarding inspections and coverage requirements.
Additionally, have you looked into bundling options, discounts for home safety features, or even a higher deductible? These can sometimes help bring down your overall costs. It might also be worth discussing your situation directly with USAA to see if they can provide any discounts or alternative solutions before making a switch. Good luck!