All About USAA Homeowners Insurance
Purchasing USAA homeowners insurance is the best way that you can ensure the financial security of your family. But what is USAA and how will it bring financial security to you and your family?
The USAA insurance brings financial security by protecting your home and your belongings within. But before we go into further discussion of the USAA insurance policy and coverage, it would be best if a brief historical background about the organization behind this premium insurance is discussed first.
USAA: History
In 1922, 25 Army officers decided to insure the vehicles of each other, thus the establishment of the United States Army Automobile Association or what is popularly known nowadays as USAA.
The organization’s mission is to ensure the financial security of its millions of members and their families and associates by offering financial services and products that are of competitive rates. It did not take long and the USAA became the preferred provider of financial services and products for the military. Today, USAA is the only financial services company that is fully integrated and it serves about 6.8 million members.
The Value of USAA Membership:
The USAA strictly adheres to its founding values of loyalty, integrity, service and honesty. Since it is not a publicly traded company, USAA is answerable to its members.
Membership in the USAA is open to:
• Enlisted personnel and officers who are on active duty
• Selected Reserve enlisted personnel and officers
• National Guard officers and enlisted personnel
• Children of eligible parents who had or have USAA property or automobile insurance product
• Officer candidates under commissioning programs
• Retired military officers
• Retired enlisted personnel
• Former military officers who terminated their service in the military after January 1, 1996
• Former enlisted personnel who terminated their service with the military after January 1, 1996
USAA Homeowners Insurance: An Overview
The homeowners insurance is offered by the USAA to former and active military officers and enlisted personnel and their families. Its line of insurance products includes homeowners, condominium, renter, valuables, flood, fire and umbrella liability. Furthermore, USAA also offers its members full replacement policy coverage.
The competitive coverage provided by USAA is designed to protect military personnel’s home, whether it is mortgage or not, assets and personal belongings from being damaged or loss by an accident, natural disaster or war.
What makes USAA insurance products unique from other insurance is the savings that policyholders could avail. Member policyholders have the opportunity to save lots of money through the USAA discount programs, such as;
• As much as 125 percent dwelling replacement cost
• Homeowners and automobile combination discount
• Personal property replacement cost coverage
• Special military coverage
• Identify theft
Buying Tips:
When buying homeowners insurance, make sure that you compare at least three quotes. Make sure that you purchase an insurance policy that offers to pay the entire repair or replacement expenses and the property and its contents are insured in their current market value. Lastly, buy a policy only from a reputable insurance provider, such as the USAA homeowners insurance.
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