Another USAA Perk: USAA Insurance Dividend
December 18th, 2006 by Grant in: Insurance, Rental PropertyThere are times I love my insurance company, and other times I’m not quite as fond.
However, whenever your insurance company sends you money for no apparent reason, it’s always a good thing. Today I received my yearly USAA dividend check to the total amount of $58.91. Last year is was just shy of $100 and in previous years it has been upwards of $150.
Overall, USAA will return more than $6.4 billion to its members in 2006 in the form of dividends, claims payments, distributions and other monetary benefits. This adds up to almost half of the total revenue USAA brought in throughout the year.
While shopping for car insurance, USAA couldn’t be beat, and they narrowly beat out their competitors for home owners insurance. However, their landlord packages are terrible! Effectively, USAA will insure your rental property for the rebuilding cost in today’s dollars. So they initially insured my rental property (which is valued at $125,000) for $270,000! Consequently, my premium was $1500 for the year.
So while USAA does offer some great competitive rates, it still pays to shop around.
Click here to see if you’re eligible for USAA membership.
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December 21st, 2006 at 10:51 pm
USAA is a great insurance company. I wish I was eligible.
October 3rd, 2007 at 10:27 am
I am a long time USAA member, over 40 years. USAA has always offered superior service through all three of their service sectors, Banking, Insurance and Investment Services. I am very happy with them.
December 11th, 2007 at 11:15 pm
I work at USAA, I am a Java Enterprise developer/software engineer. Thank you for this post, it is good to know that people actually use the products we labor over and feel good about the company. We are working our asses off to make a better .com presence. If you have not visited usaa.com lately, take a look it has changed and has a lot more features than ever before.