5030
Epic Contributor
- Joined
- Feb 21, 2003
- Messages
- 26,986
- Location
- SE Michigan in the middle of nowhere
- Tractor
- Kubota M9000 HDCC3 M9000 HDC
Rates NEVER go down, only up. What a racket.
Another supporter of Auto Owners Ins here, but long time State Farm customer.All is well as long as there are no claims. All insurance companies, the worst included, will happily process your premiums.
Currently have umbrella policy in effect. Company requires max liability on all other policies in effect, so farm, autos, and homeowners max on liability. Helps me sleep better at night with extra liability coverageWe finally gave up our umbrella policy because a condition of it was that we had to have high coverage on anything that floats or has wheels. It just got to be too much carrying insurance on everything, even those that never left our property.
When I was young and idealistic (naive?) I got irritated that Allstate would raise my rates every year, despite zero claims in 20 years, and then magically be able to drop them every time I called and threatened to cancel. I'd always think, "if you had the ability to offer me a better rate, then why did you instead raise my rates last year?"Rates NEVER go down, only up. What a racket.
True, but it all adds up. What finally got us to drop our umbrella was the requirement to insure our ebikes. I wasn't opposed to that since they were expensive and I'd have liked theft coverage, but they wanted to treat them like motorcycles at $40/month each. These are not electric motorcycles - they don't have throttles and the motors only provide power in proportion to peddling effort. That was the final straw. When we added up all the excess coverage on everything with wheels we just couldn't justify keeping the umbrella. We didn't make the decision lightly because I do feel that if I caused a life altering injury to someone I want them taken care of but there's a limit. We're retired and our 401k is federally shielded from lawsuits and our state protects our IRAs and, to some degree, our house so I don't have huge financial exposure but I'd still like an umbrella if it wasn't for all the additional insurance it requires.The ins rider for the tractors, atv and utv is pretty inexpensive.
All of that over ebikes?!? Those things sound like a stress heart attack let alone burning your house down.True, but it all adds up. What finally got us to drop our umbrella was the requirement to insure our ebikes. I wasn't opposed to that since they were expensive and I'd have liked theft coverage, but they wanted to treat them like motorcycles at $40/month each. These are not electric motorcycles - they don't have throttles and the motors only provide power in proportion to peddling effort. That was the final straw. When we added up all the excess coverage on everything with wheels we just couldn't justify keeping the umbrella. We didn't make the decision lightly because I do feel that if I caused a life altering injury to someone I want them taken care of but there's a limit. We're retired and our 401k is federally shielded from lawsuits and our state protects our IRAs and, to some degree, our house so I don't have huge financial exposure but I'd still like an umbrella if it wasn't for all the additional insurance it requires.