Homeowners' insurance is important protection for all homeowners, but can be especially crucial for active military personnel and veterans. A good policy will protect you from a variety of risks, including earthquakes and floods. This policy can also provide financial relief in case of an accident at your home or theft of valuables.
Military homeowners insurance provides discounts and benefits to current and former military personnel, as well as their spouses and dependent children. Some policies offer additional benefits, like coverage for uniforms or personal items lost or stolen during war zones.
USAA has become a favorite among veterans and their families. The policies are available online and in all states. AM Best has given it an A++ rating for its financial strength. It offers discounts and a range of optional coverages.
Lemonade was founded in 2008, but has already earned a reputation for being an affordable insurance option for homeowners. The company uses artificial intelligence when writing its policies. This can reduce the cost of premiums. It also offers an incentive program where unused insurance premiums are donated to support organizations for military members, veterans, and their family.
GEICO also offers a good deal for veterans. They offer up to a 15 percent discount on their homeowners insurance. This discount is available to all active duty, National Guard and reserve military members, as well as retirees. It offers special deployment discounts to those who could be sent away.
Armed Forces Insurance, or AFI, is another option that veterans and military personnel often choose. 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. Its rates compete with other top-rated insurance companies and offers a range of optional protections.
USAA Farmers and Liberty Mutual also offer policies and discounts tailored for military personnel. The criteria for determining eligibility changes periodically, so be sure to check with an agent to confirm what you're eligible for.
USAA
USAA, unlike many homeowners' insurance companies, has a history of providing discounts to military personnel. Its standard home insurance plans include uniform and war zone coverage, along with replacement cost coverage for personal possessions.
In addition to these features, USAA provides a number of other discounts for military members and their families, including price breaks on bundling home and auto insurance. It also offers a claims-free policy for military members and pre-commissioned officers.
Choosing the right homeowners insurance for military members and veterans can be a daunting task, but it is possible to find a policy that works for you and your family. The following tips will help you determine what type of policy is best for your needs and your budget.