Homeowners insurance can provide a valuable protection to any homeowner. But it is especially important for veterans or active service members. It can cover you for a wide range of dangers, including earthquakes and flooding. It also provides financial relief in the event of an accident on your property or a theft of valuables.
Military homeowners insurance offers discounts and special benefits to former and current members of the armed forces, their families and dependents. Some policies offer additional benefits, like coverage for uniforms or personal items lost or stolen during war zones.
USAA is a popular insurer for veterans and military families. Policies are available in all 50 states and can be ordered online. AM Best gave it an A++ financial strength rating and offered a wide range of discounts and coverage options.
Lemonade may be a young company, but they have already established themselves as an affordable choice for homeowners. The company uses artificial intelligence when writing its policies. This can reduce the cost of premiums. It offers a program to donate unused premiums back to military, veteran and their families.
GEICO also offers a good deal for veterans. They offer up to a 15 percent discount on their homeowners insurance. This discount is offered to all active duty and National Guard military members, retirees, and National Guard reserve members. The company offers special discounts to those in danger of deployment.
Armed Forces Insurance(AFI)is another popular choice among veterans and service members. Since 1887 it has been serving military families. It also offers optional endorsements that allow you to customize your coverage.
AFI provides a variety of home insurance policies that are tailored to military needs, along with discounts. It also offers auto, business and renters insurance, as well pet insurance. The rates of AFI are comparable to other top insurance providers, and the company provides many options for coverages that will ensure you have the protection you require.
USAA, Farmers and Liberty Mutual are other companies that provide military-specific discounts and policies. You should check with your agent periodically to see if you are eligible.
USAA
USAA is one of the few homeowners insurance companies that offers military discounts. Its standard home insurance plans include uniform and war zone coverage, along with replacement cost coverage for personal possessions.
USAA also offers discounts on home and auto insurance for military personnel and their family members. USAA offers a no claims policy for pre-commissioned and military officers.
The task of finding the right homeowners' insurance for veterans or military personnel can be daunting, but there are ways to make it work for you and your loved ones. These tips will help determine which type of policy best suits your needs and budget.