GEICO homeowners insurance reviews are an important part of the decision-making process. It's essential to understand what types of coverage are covered and what discounts you can qualify for. 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 can include coverage for fire, theft, and damage caused by natural disasters or water.
While the coverage options, endorsements and rates vary by insurer, most policies offer these standard coverages:
Mortgage protection: This coverage can cover your debts if you are unable to repay your mortgage because of damage to your house. It's not offered by all home insurance companies, but you should check it out when shopping around for a policy.
Identity theft coverage: This cover protects you and your personal information from identity theft by preventing it and restoring the stolen data. The coverage includes notifications of identity fraud, credit tracking, assistance with lost wallets, and software to protect online data.
Earthquake coverage: If your area is prone to earthquakes this insurance could cover the costs associated with rebuilding or repairing a home. This is an optional coverage that you can add to your policy through Geico.
Guest medical: This coverage will pay for any hospital expenses and medical care incurred by a visitor who gets injured in your home. This coverage does not include injuries or illness caused by individuals who reside in your home and are listed on your plan.
Condo insurance: If you own a condo or co-op, this coverage can provide peace of mind and protect your financial assets. The policy extends coverage to the extent of your condo association’s master policy.
It also offers flood insurance, which can be a useful addition to your home insurance plan.
Getting a home insurance quote is easy with Geico's online tools and customer service agents are on hand around the clock to assist you.
The average cost of a Geico home insurance policy is relatively low, although it depends on the specific details of your 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 has been rated A++ by professional agencies for its financial strength, and many of its customers give it high marks for claims satisfaction.
It's also worth looking into if you can bundle your Geico car insurance and home insurance for a discount. It can save you a considerable amount of cash.