U.S.A.A. Home Insurance: What You Need To Know

USAA offers home insurance to active military members, veterans, and their families. Its home insurance includes coverage that often costs extra when issued by other companies, but even so, the company's rates are still lower than the national average. USAA's standard policies include replacement cost coverage that assesses the value of your possessions without taking depreciation into account. The company also provides identity theft protection of up to $5,000, except for policies issued in North Carolina.

USAA home insurance coverage types

USAA home insurance is available exclusively to military personnel, veterans, and their families. It offers a range of coverage types to cater to the needs of military homeowners, including standard coverage options and additional coverage for specific situations.

Standard Coverage Options:

• Dwelling coverage: Protects the structure of the home and any attached structures, such as a covered porch or an attached garage.
• Other structures coverage: Covers property damage to unattached structures on the property, like fences, detached garages, sheds, and gazebos.
• Personal property coverage: Covers personal belongings, including furniture, clothing, appliances, and computer equipment. USAA provides replacement cost coverage, ensuring items are replaced at their full value without depreciation.
• Loss-of-use coverage: Covers additional living expenses if a covered loss makes the home uninhabitable, including lodging, transportation, and meals.
• Personal liability coverage: Covers medical payments and legal fees if a guest is injured on the property or if the policyholder causes injury or property damage elsewhere.

Additional Coverage Options:

USAA offers several add-on coverage options for specific situations, including:

• Flood insurance: Available through the National Flood Insurance Program, protecting against traditional floods, as well as flooding caused by ice melting and hurricanes.
• Earthquake insurance: Available to California residents through the California Earthquake Authority, and offered at an additional cost to other USAA policyholders.
• Umbrella insurance: Provides extended liability insurance beyond standard policy limits, covering home, auto, and rental property insurance.
• Valuable personal property insurance: Provides extra coverage for high-value items like jewelry, musical instruments, collectibles, and guns.
• Personal cyber insurance: Covers damages resulting from identity theft or cyber attacks.
• Windstorm and hurricane insurance: Designed for homeowners in areas prone to these weather events, including coastal locations and specific states like Florida, Alabama, Texas, and the Carolinas.
• High-value home insurance: For homes and condos with high purchase prices or coverage needs of at least $1.5 million, offering higher coverage limits.

USAA's coverage options provide comprehensive protection for military homeowners, with the flexibility to customize their policies according to their specific needs.

USAA home insurance discounts

USAA home insurance is available to current and former members of the US military, as well as their spouses and children. The company offers a range of discounts to help lower premium costs. Here are some of the discounts available:

• Multi-policy discount: USAA offers a 10% discount on home insurance when bundled with auto insurance.
• Claims-free discount: A 10% discount is available for those who have not filed a claim for at least five years.
• Protective device credit: USAA partners with ADT to offer discounts on smart security systems and hardware, free sensors, and a three-year rate-lock guarantee for home monitoring.
• Longevity discount: Long-time USAA customers may be eligible for a loyalty discount on their home insurance.
• Roof age discount: The age of your roof can also contribute to lowering your home insurance premiums.
• Early quote discount: You can get a lower rate by obtaining a quote before your policy's effective date.

It's important to note that the availability and specifics of these discounts may vary from state to state. It is always advisable to consult with a USAA insurance agent to understand the precise discounts applicable in your state.

USAA home insurance rates

USAA offers home insurance to active-duty military, veterans, and their qualifying family members. The company has consistently high customer service scores, robust coverage options, and low average premiums.

The average annual cost of a USAA home insurance policy is $2,409.42, which is lower than the national average insurance rate of $2,511.25. This figure reflects the average cost of a standard policy before discounts or endorsements.

USAA's standard coverage includes a few perks that other providers offer only as add-on endorsements, such as replacement cost coverage on personal property. The standard policy also includes dwelling coverage, other structures coverage, personal property coverage, loss-of-use coverage, and personal liability coverage.

Additional coverage options are available for an extra charge, including flood insurance, earthquake insurance, umbrella insurance, valuable personal property insurance, and personal cyber insurance.

USAA offers a range of discounts that can save policyholders anywhere from 5% to 15% on premiums. These include bundling home and auto insurance, having multiple insurance products from USAA, being a loyal customer for at least three consecutive years, having a monitored fire alarm or home security system, being claims-free for at least five years, and having qualified smart devices that monitor your home for water leaks, smoke, or security breaches.

USAA's home insurance rates are generally considered competitive and affordable, especially for members of the military community. However, the company has received some negative reviews and complaints regarding its customer service and claims handling process.

USAA home insurance availability

USAA home insurance is available in all 50 states and Washington, D.C. However, it is only available to active military personnel, veterans, and their families.

USAA was founded in 1922 by a group of 25 Army officers who wanted to insure each other's cars. Over the years, the company has expanded to provide military members with a full slate of insurance products. Today, USAA offers standard home insurance policies that include replacement cost coverage, identity theft protection, and additional benefits for active military personnel.

USAA's standard home insurance policies include dwelling coverage, personal property coverage, liability coverage, loss of use coverage, and medical payments coverage. The company also offers several add-on coverage options, such as extended replacement cost coverage, home-sharing coverage, earthquake insurance, and flood insurance.

USAA's home insurance rates are lower than the national average, and the company offers various discounts to its customers, including bundle-with-auto discounts, claims-free discounts, loyalty discounts, and protective device credits.

Overall, USAA home insurance is a great option for those who are eligible, offering comprehensive coverage, affordable rates, and high customer satisfaction.

USAA home insurance reviews

USAA home insurance is available to active-duty military members, veterans and their families. It offers comprehensive homeowners insurance options, including dwelling coverage, other structures coverage, personal property coverage, loss-of-use coverage, and personal liability coverage.

USAA's standard policy offers personal property replacement cost coverage, which means that in the event of damage or theft, the policy will pay out enough to replace items without subtracting for depreciation. This is an advantage over other companies, which may only offer the actual cash value of belongings, taking into account their depreciation.

USAA also offers additional coverage options for an extra charge, including flood insurance, earthquake insurance, umbrella insurance, valuable personal property insurance, and personal cyber insurance.

The average annual cost of a USAA home insurance policy is $2,409.42, which is lower than the national average of $2,511.25. However, individual premiums will vary depending on factors such as the home's age, size, location, and the coverage options selected.

USAA has received mixed reviews from customers. While some praise the company's level of personal attention and the ease of its claims process, others have expressed concerns about a perceived decline in customer focus and issues with the company's website.

Overall, USAA is a good option for those who are eligible, offering comprehensive coverage and competitive rates.

Frequently asked questions