I have a question about insurance. Do some landlords require you to purchase renter's insurance?
And how about car insurance, anyone have a company they would recommend?
We were with First Insurance and then we were tranfererred to Marahall Sterling when they purchase First Insurance.
We had a look at Regency on PR who insures here and got additional coverage for $437 less per year.
They have a great adjuster here who we had dealt with prior to moving here when someone hit us head on!
Leases I have seen do not require tenants to have renters insurance but advises them to do so if they value their personal goods and belongings as per below: Strictly up to Tenant but any loss is not the responsiblility of a Landlord should they choose not to.
"It is also understood and agreed that the Landlord cannot be responsible for Tenant(s) equipment, personal effects, or any personal possession(s) whatsoever, and should Tenant(s) determine that his/her/their possessions are of value, it is the Tenant(s) sole responsibility to acquire his/her/their/ own insurance to cover his/her/their valuables, whether from theft, vandalism, fire, Acts of God, or any other type of loss and Tenant(s) shall hold Landlord harmless in the event of any such occurrence(s). It is also understood that Tenant(s) will also obtain his/her/their own Liability Insurance, and is responsible, as aforementioned, in Clause #15, “LIABILITY.”
Unless USAA has changed they don't write property insurance in USVI. Great deal on auto insurance though was paying $2,000 for full coverage on two automobiles underwritten by Lloyds of London. Paying $700 for more coverage with USAA.
Jim Dandy is correct that USAA does not write property insurance in the USVI but they do write Renters Insurance and Auto Insurance according to a reply to a message that I sent to them. USAA gives great service to it's members at least IMO and wonderful Medicare supplement coverage.