GEICO homeowner insurance reviews play a significant role in the decision-making. Understanding your coverage options and the discounts that you qualify for is crucial. It also helps to know how much a policy costs so you can compare it with other companies.
Homeowners' insurance covers your house and any other structures that are attached to it, including your personal possessions. This covers damage due to water, natural disasters and theft as well as fire.
While the coverage options, endorsements and rates vary by insurer, most policies offer these standard coverages:
Mortgage protection. This coverage will cover any financial obligations if your home is damaged and you're not able to pay the mortgage. Not all home insurers offer this coverage, but it is worth looking into when you are shopping for a new insurance policy.
Identity theft protection: This coverage protects your privacy and personal information by preventing identity theft and restoring stolen personal information. Includes identity theft notification, credit profile monitoring, lost wallet assistance, and online data security software.
Earthquake coverage: If your area is prone to earthquakes this insurance could cover the costs associated with rebuilding or repairing a home. Geico provides this coverage as an add-on.
Guest medical coverage: This insurance can cover hospitalizations and other medical costs for a guest who is injured on your property. This coverage will not cover any injuries or illnesses that are caused by anyone living in your house or on your policy.
Condo insurance is a great way to protect your financial assets and give you peace of mind. The policy extends coverage to the extent of your condo association’s master policy.
The company also offers flood coverage, which can add value to your insurance policy.
Geico has online tools to help you get a home insurance estimate. Agents are also available 24/7 for assistance.
Geico's average home insurance cost is low. However, it will depend on your specific situation. Geico is unable to underwrite their own policies. Instead they match customers with one or more of the 31 partner insurance companies.
In the event that you need to file a claim, GEICO has an excellent claims process and will honor your payment obligations in a timely manner. The company's financial strength has been rated A++ and many customers give high marks to the company for customer satisfaction.
Also, you should consider bundling your Geico auto insurance with home insurance in order to receive a discount. This usually saves you a significant amount of money.