Homeowners insurance is a necessary protection for any homeowner, but it can be particularly important for veterans and active service members. 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 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 is one of the most popular insurance companies for military families and veterans. The policies are available online and in all states. AM Best awarded it A++ ratings for its financial stability and the variety of coverages available.
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 offers a giveback program that donates unused premiums to organizations that support military members, veterans and their families.
GEICO offers a discount of up to 15% on homeowner's policies for veterans. This discount applies to all active military, National Guard and Reserve members as well as retired servicemen. There are also special discounts for those at risk of being deployed.
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 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 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. It's important to note that the criteria used to determine eligibility may change from time to time. Be sure to ask an agent for confirmation.
USAA
USAA's long-standing history of helping veterans is different from other insurance companies. The standard home insurance plan includes uniform and warzone coverage as well replacement cost coverage for your personal belongings.
USAA offers a variety of discounts to military personnel and their families. These include price breaks when bundling auto and home insurance. It also offers a claims-free policy for military members and pre-commissioned 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.