While it does not provide home warranty service, USAA still offers several coverage options to protect your home and belongings. USAA members can take advantage of the following types of insurance:
- Homeowners insurance
- Renters insurance
- Life insurance
- Auto insurance
- Umbrella insurance
USAA’s financial strength, evidenced by its top A++ rating from credit rating agency AM Best, shows it has the means to pay insurance claims.
USAA Homeowners Insurance Coverage
USAA home insurance coverage includes the following:
- Dwelling: This coverage pays to repair or replace your home after a covered loss, such as a fire or hail storm. You can choose from actual value coverage, which pays for items minus depreciation, or replacement cost coverage, which pays the full value without a depreciation deductible. Choosing full replacement coverage can save you more money after a covered loss.
- Other home structures: USAA home insurance includes other structures on your property, such as barns, sheds and detached garages. A percentage of your dwelling coverage is dedicated to other structures.
- Loss of use: This portion of your USAA home insurance pays for some living expenses, like short-term housing and meals, if your house requires repairs after a covered event.
- Personal liability: Liability insurance covers costs associated with injuries or damage that occur on your property. Personal liability coverage may help cover repairs, medical expenses or legal costs.
- Personal property: If a covered event damages or results in a loss of your personal belongings, the personal property portion of your homeowners policy will pay to repair or replace those items. This coverage extends beyond the walls of your home, like if someone steals your laptop from your vehicle.
- Identity theft: USAA home insurance includes identity theft protection to help you recover costs associated with restoring your credit if your identity is stolen.
USAA members can also purchase additional coverage. For example, the company offers earthquake coverage, home-sharing coverage and protection for valuable personal property items. Policyholders in flood-prone areas may also want to consider adding flood insurance to cover water damage, which USAA may provide through the National Flood Insurance Program.
Unlike a home warranty, USAA home insurance does not cover systems or appliances unless damaged by a covered event. While homeowners insurance is an important financial tool, it does not provide complete home protection. You can fill coverage gaps by investing in a home warranty policy.
USAA home insurance has an average annual premium of $2,195, according to information obtained from Quadrant Data Services. Members can save on insurance rates by bundling multiple USAA policies or taking advantage of other available discounts. Additional ways to save on your home insurance cost include remaining claims-free and installing safety devices or security systems.