Review of AAA Home Insurance | Guide 2023
Review of AAA Home Insurance in 2023. Many people associate AAA with roadside assistance, but they actually provide several valuable benefits to their members.
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| Review of AAA Home Insurance | Guide 2023 |
These include homeowners insurance, auto insurance, life insurance, banking products, and discounts on travel and shopping.
AAA is always there for its members, 24/7, with the help of their app and representatives available at 1,000 branch offices across North America. However, it's essential to note that AAA is not permitted to offer homeowners insurance in every state.
Depending on your location, you might be dealing with Auto Club Insurance Association, MemberSelect Insurance Company, or Auto Club Group Insurance Company.
Kinds of Homeowners Insurance Options Provided by AAA
AAA offers different types of homeowners insurance plans to protect your house and more. For example, their HO-3 policy covers not only the house but also the following:
1. Garage and other structures around your house.
2. Bodily injury liability.
3. Personal liability.
4. Medical payments.
5. Identity theft.
6. Personal property for covered events.
If you own a condo, AAA provides a specific condo policy that covers unique features within your condo (not the building itself). This policy includes personal liability, medical payments, identity theft, and personal property for covered events.
However, it's important to carefully review your policy documents to understand what exactly is covered. For instance, if you live in an area prone to hurricanes, earthquakes, or similar events, you might need additional coverage for your home.
One thing to keep in mind about AAA's condo insurance is that it doesn't cover damage caused by water seepage from the roof, unlike what's provided for homeowners.
This is because condo insurance typically covers only the interior "walls-in," while the homeowners association is responsible for maintaining the roof. In such cases, you should refer to the master insurance policy purchased by the HOA.
AAA offers a service called AAA Triple Check, which provides a thorough review of your insurance needs to ensure you have the right coverage without paying for anything unnecessary. It also helps you discover any AAA discounts you're eligible for and ways to make the most of your AAA membership.
Extra Insurance Options (Riders)
AAA offers some additional choices you can add to your homeowners insurance. While AAA Triple Check provides suggestions, experts often advise getting riders like water backup coverage if you find them important. Remember, it's essential to keep any riders that matter to you, regardless of AAA's advice.
Another crucial option they provide is flood insurance. The rates for AAA's flood insurance are set by the NFIP (National Flood Insurance Program), so they should be similar to what you'd find with other insurance companies. If you choose AAA for your homeowners insurance, you can handle both policies conveniently in one place.
How Much Does AAA Home Insurance Cost?
You can get online quotes for homeowners insurance from AAA, even if you're not a member. Members, on the other hand, can sign in for a quicker quote process. If you prefer, you can also call 877-248-5302 to inquire, and you have the option to purchase membership along with your homeowners insurance.
Like other home insurance companies, AAA Home Insurance offers various discounts that may help lower the rates. This could make it easier for you to afford the riders you want or regional coverage. Some standard AAA discounts include:
1. Multiple-product discount for life insurance policyholders.
2. New or renovated home discount (talk to an agent about renovation requirements).
3. Home security discount for those with sprinkler systems, burglar or smoke alarms, or deadbolt locks.
4. 50+ discount for those aged 50 or better.
The cost of membership and insurance premiums can vary depending on your local club. For example, in Minneapolis, MN, the costs are as follows:
- - Basic Membership: $69 per year plus a $10 one-time enrollment fee.
- - Plus Membership: $112 per year plus a $10 one-time enrollment fee.
- - Premier Membership: $162 per year plus a $10 one-time enrollment fee.
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