Homeowners insurance is a necessary protection for any homeowner, but it can be particularly important for veterans and active service members. The right policy can protect you against a range of hazards, including floods and earthquakes. It also provides financial relief in the event of an accident on your property or a theft of valuables.
Military homeowners’ insurance offers special discounts to members and ex-members of the military as well as to their spouses and kids. The policies may include extra features such as coverage of uniforms, personal belongings and war zone losses.
USAA has become a favorite among veterans and their families. You can purchase its policies online in all states. AM Best gives it an A++ for financial strength and offers many discounts and optional coverages.
Lemonade, a relatively new company, has made itself known as a cost-effective option for homeowners. Its policies are written using artificial intelligence which reduces premium costs. It also has a premium giveback program, which donates any unused premiums.
GEICO also offers a good deal for veterans. They offer up to a 15 percent discount on their homeowners insurance. All active duty, National Guard, reserve and retired military personnel are eligible for this discount. The company offers special discounts to those in danger of deployment.
Armed Forces Insurance's (AFI), another popular option, is also available to veterans and active military members. Since 1887 it has been serving military families. It also offers optional endorsements that allow you to customize your coverage.
AFI offers a number of military-specific home insurance policies and discounts, as well as a range of auto, business, renters and pet insurance options. Its rates are competitive with other top insurance companies, and it provides a wide range of optional coverages to ensure you get the exact level of protection you need.
USAA Farmers and Liberty Mutual also offer policies and discounts tailored for military personnel. You should check with your agent periodically to see if you are eligible.
USAA
USAA offers a military discount, which is not offered by many other homeowners insurance providers. The standard home insurance plan includes uniform and warzone coverage as well replacement cost coverage for your personal belongings.
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.
It is not impossible to find the right policy for military veterans and members of the armed forces. Here are some tips that will help you choose the right policy for your budget and needs.