Geico Home Insurance Review

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Home insurance is an essential financial product for homeowners as it provides a financial safety net in case of unexpected events like fires, theft, and natural disasters. Geico is a well-known insurance company that provides affordable and comprehensive home insurance policies to its customers. In this article, we will provide a detailed review of Geico Home Insurance, its coverage options, pricing, and customer service.

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Overview of Geico Home Insurance

Geico is a popular car insurance company in the United States that has expanded its portfolio to include home insurance policies. The company offers a range of coverage options that include protection for the dwelling, personal property, liability, and additional living expenses.

Geico’s home insurance policies are available in all 50 states and the District of Columbia. The company has an A++ rating from A.M. Best, indicating its financial stability and ability to pay out claims to its customers.

Coverage Options

Geico offers three levels of home insurance coverage: standard, premium, and elite. Each level provides varying levels of protection to homeowners based on their needs and budget. Here’s a breakdown of what each level includes:

Coverage
Standard
Premium
Elite
Dwelling
X
X
X
Personal Property
X
X
X
Liability
X
X
X
Additional Living Expenses
X
X
X
Jewelry and Valuable Items
Optional
Included
Included
Water Backup and Sump Overflow
Optional
Included
Included
Identity Theft Protection
Optional
Included
Included

Geico’s standard coverage provides protection for the dwelling, personal property, liability, and additional living expenses. The premium level includes additional coverage for jewelry and valuable items, water backup and sump overflow, and identity theft protection. The elite level includes all the coverage options of the premium level and adds guaranteed replacement cost coverage for the dwelling, which means that Geico will pay to rebuild your home, even if the cost exceeds your policy limit.

Geico also offers additional coverage options that can be added to any of the three levels, including flood insurance, earthquake insurance, and umbrella insurance.

Pricing

Geico’s home insurance policies are competitively priced compared to other insurance companies. The cost of a policy will depend on several factors, including the level of coverage you choose, the location of your home, the age of your home, and your claims history. On average, Geico home insurance policies cost around $1,500 per year.

Geico offers several discounts that can help homeowners save money on their premiums, including multi-policy discounts, new home discounts, smoke alarm discounts, and home security system discounts.

Customer Service

Geico has a reputation for providing excellent customer service to its customers. The company offers 24/7 customer support through its website, mobile app, and phone. Geico’s claims process is straightforward and can be completed online or over the phone in a matter of minutes.

Geico’s customer satisfaction ratings are above average, with J.D. Power rating the company 876 out of 1,000 in its 2021 U.S. Home Insurance Study.

FAQ

What is covered under Geico’s home insurance policies?

Geico’s home insurance policies provide coverage for the dwelling, personal property, liability, and additional living expenses. Optional coverage options include jewelry and valuable items, water backup and sump overflow, and identity theft protection.

How much does Geico home insurance cost?

The cost of a Geico home insurance policy will depend on several factors, including the level of coverage you choose, the location of your home, the age of your home, and your claims history. On average, Geico home insurance policies cost around $1,500 per year.

Does Geico offer any discounts on home insurance?

Yes, Geico offers several discounts that can help homeowners save money on their premiums, including multi-policy discounts, new home discounts, smoke alarm discounts, and home security system discounts.

How do I file a claim with Geico?

You can file a claim with Geico online, through the company’s mobile app, or over the phone. The claims process is straightforward and can be completed in a matter of minutes.

Is Geico’s customer service good?

Yes, Geico has a reputation for providing excellent customer service to its customers. The company offers 24/7 customer support through its website, mobile app, and phone. Geico’s customer satisfaction ratings are above average, with J.D. Power rating the company 876 out of 1,000 in its 2021 U.S. Home Insurance Study.

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