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When it comes to insuring their homes, veterans and current military members have many options. Some insurance companies specifically cater to the military, with features tailored to the needs of those on active deployment. Other insurers offer military discounts.
Home Fire Insurance For Military Personnel And Veterans
USAA offers not only insurance but also bank accounts, credit cards, mortgages and other financial products for military families.
Family Survivor Benefits
The company’s homeowners policies have many features tailored to the needs of military policyholders. Unlike most insurers, USAA covers your personal belongings even if they are damaged by combat action and does not reduce your coverage for an empty home while you are deployed. It also covers military uniforms without exception for service members on active or reserve duty.
USAA has home-sharing coverage standard for those who rent out their home on vacation rental websites (which is handy if you want a little extra income during an expansion).
Although USAA homeowners policies are available in every state and Washington, D.C., coverage options can vary by location.
AFI sells its own military home insurance policies and policies of partner companies. Members can choose their preferred rate and package.
Military Id Cards
The company offers various ways to customize your policy. Optional endorsements include coverage for identity theft, water backup damage and valuable personal items such as jewelry.
The following companies sell insurance to a wide population, but offer special discounts for veterans and members of the military.
Farmers Insurance offers discounts of 2% to 8% for active, retired, reserve and honorably discharged military members. Discount varies by state and may not be available everywhere.
Liberty Mutual offers savings on homeowners insurance for active, retired or reserve members of the military in some states.
How To Choose Homeowners Insurance
Remember that you may find cheaper home insurance with another company, even if the military doesn’t offer a discount. Each insurer calculates its rates slightly differently, so it’s worth seeking home insurance quotes from at least three companies.
It’s never a bad idea to read your homeowners policy carefully to make sure you understand your coverage, but it’s especially important for military members who expect to be deployed. You may find some gaps in the coverage that you want to know about.
For example, homeowners policies usually provide at least some coverage for your personal belongings while you’re away from home, but they usually exclude war-related damage. So if you are deployed to a combat zone, you may not have adequate coverage for the clothing and personal effects you bring with you. As noted above, the USAA exclusion does not cover up to $10,000 of items lost due to war.
You should also note the gap clauses in your policy. If you’re insured with a company other than USAA, certain types of coverage may be limited after your home has been vacant for at least 30 or 60 days. If you expect your deployment to be longer than that and no one else will be living in your home, discuss your options with your insurer.
Guide To Military Family Insurance Options
Some people choose to rent out their home to others during an expansion. If you choose this alternative, you may need to exchange your homeowners policy for an owner’s or renter’s residence policy to ensure your home is properly covered. Again, your agent or insurer can advise you.
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Usaa Home Insurance Review 2023
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When you start your search for a homeowners insurance policy, you will find that many insurance companies want to recognize your military service to the country with a discount on your premium.
To find the best home insurance providers for veterans, we looked at companies that offer special or military discounts for members of the military or veterans. Here are the top three homeowners insurance companies that rank best in terms of perks, coverage options, and pricing.
To get home insurance quotes in your area, you can call 855-948-5219 or get a quote from one of our providers below.
Real Estate For Active Duty Military & Veterans
Best Membership Perks 4.7/5 Highest JD Power Rating Exclusively comprehensive base coverage membership perks including banking and shopping discounts
4.8/5 15% discount for veterans and military members Exceptional availability and quality of customer service Save up to $1,127 when bundled with auto
Only current military members, veterans or their family members are eligible for USAA membership. As a USAA member, you can enjoy exclusive perks like banking and financial services through USAA, and discounts on security systems and car rentals, affordable insurance coverage.
The Pros policy automatically comes with $5,000 worth of identity theft protection in all states except NC, AK, NJ and NY Home Sharing Endorsement protects your rental property. Endorsements in Armed Forces Insurance on the USAA website and a Better Business Bureau (BBB) rating lower than Geico’s
A Fire Destroyed Millions Of Veterans’ Records. 50 Years Later, Families Are Still Seeking Answers
Like USAA, Armed Forces Insurance (AFI) is only available to current or former military members and their families. A defining feature of AFI is its long list of endorsements. While USAA and Geico offer only a few endorsements, AFI offers consumers 15, including earthquake and flood coverage.
Pros offers more discounts than USAA and Geico offers endorsements for natural disasters
Geico is not exclusive to service members like USAA and Armed Forces Insurance, but the company partners with military associations like the Association of the United States Army, the Navy League of the United States and the Armed Forces Benefit Association to offer military members and veterans a 15% discount.
Geico is the only provider in this review that offers 24/7 customer service and offers a customer portal, online chat and mobile app to complete the customer experience.
Aig Insurance Home
Pros includes a customer portal, online chat and mobile app for self-service available in all 50 states Geico offers an option to pay your monthly premium through cons All insurance products are underwritten by an underwriter Customers must speak with a company representative for a quote
Note: Where you live will determine the underwriter for your Geico policy, and that underwriter may offer more discounts than the three offered by Geico.
To make a home more affordable, some insurance companies offer military discounts and other incentives to military families. Three insurance providers that serve veterans best are USAA, Armed Forces Insurance, and Geico.
We recommend getting quotes from these three providers by calling 855-948-5219 or entering your zip code into the tool below:
Military Life Insurance Coverage
Before choosing a home insurance provider, be sure to collect quotes from multiple companies to ensure you’re getting the best policy and rate for your needs and budget.
Besides Geico, other home insurance companies that offer discounts to past or present military members include Farmers, Progressive and Liberty Mutual.
While this review focuses on military veterans, insurance companies often lump current and former military members into the same category. Here are some things to consider if you are a current military member who is ready for deployment.
Most insurance companies will not cover a home if it is vacant for more than 30 to 60 days. Because your home is at risk of incidents like theft or vandalism. Here are some options if you’re running:
Veteran Discounts Available Year Round
Under normal circumstances, your personal property is protected no matter where you are. For example, if you bring your belongings with you on vacation or leave your personal belongings in your car, your policy will cover them. However, acts of war are often listed as exclusions in home insurance policies, so if you arrive in a war zone and your belongings are damaged while there, your policy won’t pay to replace them.
The US Department of Veteran Affairs works with private lenders to help military members, veterans and their families
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