What began as a small group of 25 U.S. Army officers banding together to help insure each other’s vehicles back in 1922 has since transformed into a world-class integrated financial service organization serving millions of members in America. Headquartered in San Antonio, Texas, the company has served military members and their families for almost 100 years. As of 2019, more than 12.8 million members from all branches of the U.S. military currently serve or have served the nation. Over the years, USAA Insurance has earned a solid reputation for providing stellar service. It shows a 97 percent member retention rate and the distinction of being named one of the “World’s Most Ethical Companies” among its other impressive accolades. In addition, the financial company offers other essential services such as banking, investments, retirement products, and insurance. Recent figures from 2019 reveal that the organization returned $1.8 billion in distributions, dividends, bank rebates, and rewards to its members.

USAA Insurance To Ensure Extra Security

USAA offers peace of mind to its members. In addition, they can provide a comprehensive choice of insurance options providing coverage spanning health, home, and other everyday needs. Here is a look at all the different insurance products on offer.

Automobile

You never know when an accident may occur, so having insurance for your vehicle can help in such a situation. Savings and discounts are available based on several factors, including driving performance, the age of a car, mileage, and other factors. In addition, members enjoy family discounts and 15 percent savings if vehicles are kept in a garage on base.

Health

A person’s circumstances change over time, so there are several possibilities for health insurance. Members can choose from a range of coverage, including a Comprehensive Plan, Short Term Plan, or Fixed Health Benefit.

Homeowners

Property owners can add protection for one of their most important investments with homeowners insurance. Policies cover a wide range of fire, theft, vandalism, identity theft, and most weather-related events. Other benefits include replacement cost coverage with no depreciation factored in, coverage for military uniforms in a loss for active duty, and a dedicated claims service.

Life Insurance

Protecting loved ones is an essential priority for many people. Having life insurance is one way to safeguard life-changing situations. Money paid to beneficiaries can be used for many things, whether to help replace income, pay for the debt, or whatever other reason you decide. Members have two types of life insurance to choose from Term Life and Term Life for the Military.

Renters Insurance

When renting an apartment or house, you want to ensure that your valuables stay safe and secure. If something happens that causes damage or loss. Renters’ insurance can provide coverage for personal possessions. Renters’ insurance includes replacement coverage for floods, earthquakes, and moving expenses. So whether it’s clothing, antiques, electronics, furniture, or computers, protection consists of a range of these things.

Flood Insurance

Recent events in the United States show the catastrophic effect a flood can have on communities and the people living in the affected areas. Having flood insurance is one way to prepare for such a natural disaster, which is the country’s number one disaster. Hurricanes are not the only thing that can cause flooding. Heavy rains in an area can cause water levels to rise and lead to costly damage to your property. Ultimately, having this type of insurance can help protect members from financial nightmares related to the damage following the flood’s aftermath.

Special Event Insurance

Event planning can be stressful, mainly when things can prevent an event from happening. So whether it’s a wedding, family reunion, or another critical gathering, having special event insurance can help and includes coverage for event cancellation due to extreme weather, vendor bankruptcy, military deployment or accident, illness, and event liability just in case there is damage or a person is injured while attending your event.

Valuable Personal Property Insurance

Artwork, jewelry, cameras, and musical instruments with a $100 or more value may be covered under Valuable Personal Property Insurance. With a policy, this includes no deductible, lost property, items that are accidentally broken or damaged, along with worldwide coverage.

Umbrella Insurance

Getting hit with a lawsuit can be an upsetting surprise for anyone. Unfortunately, there can be many reasons for a suit, whether it’s because of your dog biting someone or you injuring someone in a car accident, among other scenarios. Fortunately, if another party tries to go after those assets, there is a way to protect your belongings, savings, and investments. In addition, umbrella insurance can help pay for claims surpassing your home and car insurance policies.

Annuities

One insurance option that can provide a steady income stream during the retirement years is annuities. They offer regular payments but may also be eligible for tax benefits. There are other pros, such as no market risk and lower risk, because money will never go below the guaranteed interest rate.

Small Business Insurance

Entrepreneurs face many risks and liabilities when it comes to running their businesses. That’s where small business insurance can come in handy because it offers added protection in the event of a loss such as a severe flood, fire, or other catastrophe. A business owner’s policy combines business property coverage and liability coverage.

As you can see, USAA provides a wealth of insurance options for its members. From life to home, health, auto, and umbrella help protect people from surprises they may encounter at some point. Insurance can ease worries and make you feel more confident about your and your family’s future. Look no further if you want a professional company to handle your insurance needs.