AAA Homeowners Insurance
The American Automobile Association is an enormous organization that provides much more than towing services. You can book hotel rooms, car rentals, cruises and flights through their offices – and possibly get a lower rate if you are a member. You can also buy auto, boat, life and homeowner’s insurance through the organization. They are in the mortgage business and can provide you with an auto or educational loan as well. They have nationwide coverage, and their insurance services provided through a series of regional offices.
Their policies will cover not only your home, but additional structures and your personal property. With an AAA homeowner’s, policy you can include coverage for the following in addition to your home:
- Detached Garages
- Outbuildings
- Pools
- Toolsheds
As with all homeowner’s policies, AAA covers personal property and liability in addition to the replacement value of your home. One of the critical areas that often needs reinforcement in a homeowner’s policy is personal property, so you may want to consider this.
The maximum replacement value of personal property in the event of a catastrophe is fixed to a percentage of the home’s value. Many people who have expensive jewelry, sporting equipment, clothing and furniture among their possessions will either pay an extra premium for increased coverage of purchase an additional policy covering property elsewhere. It is worth noting that most homeowner’s policies cover the theft of personal property as well as its destruction.
Liability coverage is also an area where people often seek additional coverage. The typical liability cap in a homeowner’s policy is $100,000. People with assets that would be jeopardized by a liability suit often will pay an additional premium and bump the liability ceiling to at least $300,000. It’s an issue that deserves frank discussion with an insurance broker or attorney.
* Home Insurance Basics is not an insurer and cannot issue home insurance policies. This site provides free information about home insurance policies and companies. The companies detailed have not endorsed or sponsored these pages. We make no representations, expressed or implied, that you will get a quote from a company profiled on this site. Products and services may not be available in all states.
|
