You may have pooled all your hard-earned money and purchased a home. Surely, it becomes one of the most valuable possessions that you wish that your descendants can enjoy as well. But, owning a home is never a risk-free affair, the most common ones being natural disasters or weather conditions.
Unforeseen factors, such as fire, storm, earthquake or any other natural condition, may cause significant damage to your home, thereby calling for expensive repairs.This is the reason why you need to have a home insurance protection plan to cover your expenses.
However, there are many of these plans available in the marketplace, often making it confusing for homeowners. If you are looking for the best home insurance protection plan, then here are a few options to check out:
One of the best home insurance protection plans that you can go for is provided by Safeco. The insurance company has emerged as the best home insurance company in most states because it guarantees coverage for replacement costs.
So, if you lose your home because of a disaster, the company will reimburse you in full to rebuild it. This is particularly useful if your home is in a disaster-prone zone because labor and construction costs tend to hike in the wake of such a calamity.
USAA has a very niche target market when it comes to selling home insurance protection plans. They sell to veteran and present military personnel and their families. The company has managed to reach the top with its excellent customer and claims service.
Moreover, it’s known for its attractive discounts, which policyholders can claim for free for five years. The coverage options are unique and military policyholders can reap a range of benefits, such as the option to buy multiple policies and install security systems.
Also read: Borrowing Against Your Life Insurance Policy
If you dream of owning a green home, then you have Travelers to make that come true. They offer green home coverage, which offers additional protection against damages. Your expenses on repairs and refurbishments using green materials fall under the coverage they offer.
That’s not all. The company also offers an attractive green home discount that helps you save up to 5 per cent if your property is certified by the U.S. Green Buildings Council’s LEED (Leadership in Energy and Environmental Design) program.
Lastly, you can choose a home insurance protection plan offered by AAA. You may associate it with the federation of motor clubs across the United States. However, they have a lucrative insurance option. AAA members having a policy can get an extra discount.
But membership is not generally asked for. Also, AAA works differently in different states, so non-members can reap the benefits of their home insurance protection plan. The most attractive part is