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SarahandAlex
(@SarahandAlex)
Active Member

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?

Thanks!

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Topic starter Posted : July 20, 2013 3:49 pm
OldTart
(@the-oldtart)
Expert

Not usually stipulated in residential leases but quite often in commercial leases.

I've used Theodore Tunick on STT for auto insurance for years and found them exceptionally easy to deal with. If you're headed to St Croix they're under the Marshall Sterling umbrella there.

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Posted : July 20, 2013 4:20 pm
terry
(@terry)
Expert

USAA if you are illegible to get it.
We had to get my father-in-law ( he was in the service) signed up and then we could get it.

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Posted : July 20, 2013 5:41 pm
skighee
(@skighee)
Advanced Member

USAA had to get my father to sign up for a small jewelry policy for $25.

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Posted : July 20, 2013 6:42 pm
Jim Dandy
(@jim_dandy)
Trusted Member

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.

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Posted : July 20, 2013 8:40 pm
speee1dy
(@speee1dy)
Expert

in stx we use marshall sterling

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Posted : July 20, 2013 9:31 pm
terry
(@terry)
Expert

USAA, just auto coverage in USVI.

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Posted : July 20, 2013 9:34 pm
gonetropo
(@gonetropo)
Advanced Member

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!

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Posted : July 20, 2013 10:47 pm
Alana33
(@alana33)
Expert

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.”

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Posted : July 21, 2013 12:42 am
DanielB_STX
(@DanielB_STX)
Advanced Member

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.

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Posted : July 21, 2013 1:18 pm
SarahandAlex
(@SarahandAlex)
Active Member

Thanks everyone!

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Topic starter Posted : July 22, 2013 2:25 am
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