Homeowners Insurance is an important form of protection for every homeowner. However, it can be even more crucial for active and retired servicemen and women. A good policy will protect you from a variety of risks, including earthquakes and floods. You can get financial help in the case of an injury on your property, or a theft.
Military homeowners insurance offers discounts and special benefits to former and current members of the armed forces, their families and dependents. These policies often come with additional features, such as coverage for uniforms and other personal belongings lost or stolen in war zones.
USAA is a popular insurer for veterans and military families. You can purchase its policies online in all states. AM Best gave it an A++ financial strength rating and offered a wide range of discounts and coverage options.
Lemonade Insurance is a younger company that has already gained a reputation as a low-cost 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, which offers a maximum 15% discount on homeowners' insurance to veterans, is also a great choice. 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 for veterans and military members. It has been offering coverage for military families and their dependents since 1887.
AFI offers military-specific discounts on home insurance as well as auto, business renters and pet policies. Its rates compete with other top-rated insurance companies and offers a range of optional protections.
USAA Farmers and Liberty Mutual all offer military discounts and insurance policies. 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. 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.