USAA USAA Price Hikes and Upping limits without my knowledge San Antonio, Texas

When I started with USAA i paid about $850 a year for mortgage insurance (I'm not sure if that is good or bad) but today, barely 4 years later, I'm paying $1,368.75 and I just recently got noticed that my insurance is being hiked another 800 or so dollars!

Coverage Type Coverage Limit Dwelling $302,000 Other Structures $75,500 Personal Belongings (Includes Replacement Cost) $226,500 Loss of Use Unlimited Personal Liability - Each Occurrence $300,000 Medical Payments to Others $5,000

My house is worth $185k I have no other structures Who in their rightful mind can accumulate $226,500 worth of personal belongings? I started in my house fresh from divorce with barely $20K and I still had money left over - remodeled, bought new appliances, furniture, misc and so forth!

When I asked USAA why there was a price hike here was their response:

We received your message about your homeowners policy which shows your previous policy was $843.47. We understand your concern regarding your renewal policy premium increase of $525.28 or approximately $43.77 per month.

As our rates are based on expected future losses, we've implemented a rate change for Pennsylvania - based homeowners policies renewing after November 01, 2010 and August 15, 2011 . Please understand there are many factors which can lead to a rate increase. Some factors include statewide rate changes, general inflation and increases in the number of property claims within your state. Also your deductible was changed to $1000 from 1% which also increased your premium.

If you have any additional questions about your new premium, our team of member service representatives can review your policy and discuss options that could save you money. Please call us at 1-800-531-USAA (8722) if we may be of further service to you.

We value your business and the opportunity to serve all your financial needs.

Thank you, Barbara Bias USAA

Mind you, I was paying $1200 a month in mortgage (at least $70 was insurance premium in 2007). Now I pay about $1350 a month since 2007 and I just now got that letter about the price hike. I'm going to be paying around 1400 a month for a mortgage payment! I'm one of those people who got screwed by Wells Fargo and GMAC and here I am dealing with over priced insurance! I'm being punished because the whole state of Pennsylvania has had unfortunate weather! How fair is that? It's not a little $10 or 20 dollar hike, we are talking major bucks!

I'm on the verge of going into foreclosure because I live off of SSDI and Spousal support for which I don't get increases with the economy (at least not with SSDI in 3 years). Food, gas, everything has gone up so high that it has eaten up my money. Suddenly I get this paper USAA is hiking me again and the limits are crazy! I just want people to be aware of what they are paying for and is it really necessary?