It is essential that all homeowners have homeowner's insurance, but this can be of particular importance to veterans and active service personnel. The right policy can protect you against a range of hazards, including floods and earthquakes. The policy also offers financial assistance in the event of a property accident or theft of valuables.
Military homeowners' insurance provides unique discounts and benefits for active and retired military members, their spouses, and children. The policies may include extra features such as coverage of uniforms, personal belongings and war zone losses.
USAA's policies are popular amongst veterans and families of military personnel. Policies are available in all 50 states and can be ordered online. AM Best gives it an A++ for financial strength and offers many discounts and optional coverages.
Lemonade was founded in 2008, but has already earned a reputation for being an affordable insurance option for homeowners. It uses artificial intelligence to write its policies, which can lower the cost of premiums. The company also has a giveback plan that donates premiums that are not used to charities that help military personnel, veterans, or their families.
GEICO also offers a good deal for veterans. They offer up to a 15 percent discount on their homeowners insurance. This discount applies to all active military, National Guard and Reserve members as well as retired servicemen. The company offers special discounts to those in danger of deployment.
Armed Forces Insurance(AFI)is another popular choice among veterans and service members. It has been offering coverage for military families and their dependents since 1887.
AFI has a wide range of discounts and home insurance policies tailored for military personnel. They also offer auto, pet, business, renters' and other insurance options. Its rates compete with other top-rated insurance companies and offers a range of optional protections.
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 plans cover uniforms and war zones as well personal property.
USAA also offers discounts on home and auto insurance for military personnel and their family members. The company offers military members and precommissioned officers a policy that is free of claims.
It is not impossible to find the right policy for military veterans and members of the armed forces. These tips will help determine which type of policy best suits your needs and budget.