Am I eligible to rent a car with my insurance?
I am 23 and have USAA. My plan currently covers something like $45 dollars a day towards a rental incase I total my car.
My father told me that I can't rent a car till I'm 25 so it is pointless to be paying for this on my insurance. But why would they offer it to me if I am not eligble?
It's not up to USAA to say, oh, most rental car companies won't rent to you, so we won't sell you the coverage. They can't do that - that would flat out be age discrimination.
And, at 23, yes you CAN get a rental car company to rent to you. You just pay a surchage, because you're under 25. Might want to up that daily limit a bit to cover it.
Filed under auto insurance price quote by on Apr 21st, 2010. 3 Comments. 
I have replacement cost coverage on my homeowner insurance but should I be paying for the lot it is built on?
When one purchases a home the mortgage company requires you to cover the amount of the loan,($290,000) lots in my area are selling for ($70,000) , does this mean i should only insure for ($220,000) , since the lot is not being replaced?
In my years as an insurance agent I came across this situation many times. It is a particularly a problem where you have lakefront property with a cottage. Often the cottage is very small and of simple construction and the lot is, by far, the most significant part of the purchase price. In these cases I worked with the loan officer to satisfy their requirement for the proper replacement cost insurance so that the cottage was insured without wasting significant premiums insuring land.
That being said when you purchase your insurance you want to insure the replacement cost of your home not just the mortgage amount. The calculated replacement cost (not including the lot) will often be higher than the amount you chose to finance.
Filed under Home Insurance by on Apr 18th, 2010. Comment.