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(I searched on this topic... I know it's come up before, but I couldn't find the best thread to add it to...)
OK, so I finally got around to asking my State Farm insurance agent about a few things... here is a summary:
I'm thinking about moving to STX... State Farm, will you insure my house and/or my car?
- nope, neither one... they're outside CONUS... State Farm is not interested
Ouch, OK.... ummmm, then how about if I just vacation there... is my rental car covered??????
- yes, but with some restrictions (which could be modified at additional cost)
- upto 21 contiguous days will be covered
- no more than 45 days/year will be covered
- "Loss of use" charge is not covered
- "diminished value" charge is not covered
- my personal agent further indicated that when she (rarely) rents a car in an unfamiliar area she ALWAYS gets the rental car company insurance for two reasons:
------ the chances of an accident are higher, because of an unfamiliar area
------ the future charges thru State Farm for an accident would be higher than what the car rental company charges for insurance
- (currently) Hertz and Enterprise (unconfirmed) do not charge for "Loss of use" or "diminished value"
So, that raises a few more questions in my mind:
- if you live in STX and travel to mainland (CONUS), does your STX insurance cover your rental car on mainland?
- if you have one home in STX and one home (and/or car) on mainland, do you have two insurance companies/policies... one for STX, one for mainland?
Posted : September 19, 2008 2:33 pm
- if you live in STX and travel to mainland (CONUS), does your STX insurance cover your rental car on mainland?
No our car insurance does not cover us stateside, BUT we have kept our stateside bank and their mastercard does cover us for car rental insurance. If you're moving down here its a really good idea to get AA advantage credit card so you can start racking up AA miles and it will also cover you car insurance when you go stateside.
- if you have one home in STX and one home (and/or car) on mainland, do you have two insurance companies/policies... one for STX, one for mainland?
You will definitely need two car insurance policies and insurance companies, if you plan to keep a home stateside. Usually this is not too complicated as your insurance is generally included in your mortgage. You're already going to be paying double electric, gas, etc, so it won't be easy but after a few months you should get the hang of it.
Posted : September 19, 2008 3:03 pm
Please delete my reply.
Posted : September 19, 2008 5:39 pm
I purchase my auto insurance through Marshall Sterling. The coverage is written through Lloyds of London. To be covered outside the VI I had to purchase a special endorsement. Not all Lloyds underwriting syndicates offer this coverage so it depends on who your agent is in the VI.
Jim
Posted : September 20, 2008 1:53 pm
whatever you do dont get guardian insurance. there was an accident that was not my boyfriends fault, clearly the other drivers, a cop was there and witnessed the accident. the damage was estimated to be about 10 grand. guardian did not want to pay. finally the owner of the vehicle my boyfriend was using had to contact a lawyer and finally got the money to have the vehicle repaired. that took a couple of months.
Posted : September 21, 2008 11:45 am
