Understanding Geico Home Owners Insurance

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If you’re a homeowner, you need home insurance to protect your property and belongings from unexpected events such as theft, fire, or natural disasters. However, choosing the right home insurance policy can be overwhelming, with so many options available in the market. One popular option is Geico Home Owners Insurance. In this article, we’ll discuss what Geico Home Owners Insurance is, its coverage, pricing, and other important details you need to know to make an informed decision.

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What Is Geico Home Owners Insurance?

Geico Home Owners Insurance is a type of insurance policy that protects your home, personal belongings, and other structures on your property from losses incurred due to unforeseen events such as theft, fire, lightning, and other hazards. Geico is best known for its auto insurance but also offers homeowners insurance, renters insurance, and other insurance products at competitive rates.

Geico has been in business for over 75 years and is known for its excellent customer service, fast claims processing, and comprehensive coverage options. Geico Home Owners Insurance is underwritten by various insurance companies, including Geico General Insurance Company and Homesite Insurance Company.

What Does Geico Home Owners Insurance Cover?

Geico Home Owners Insurance covers a wide range of damages and losses to your property and belongings caused by unexpected events such as:

Coverage
Description
Structural Damage
Covers damages to your home’s structure, including walls, roof, and foundation, caused by covered perils such as fire, hail, windstorm, and more.
Personal Property
Covers damages or loss of personal belongings, including furniture, electronics, clothing, and jewelry, caused by covered perils such as theft or fire.
Liability Protection
Covers legal expenses and damages you’re liable for if someone gets injured on your property or you cause damage to another person’s property.
Additional Living Expenses
Covers additional expenses such as hotel bills, meals, and transportation if your home becomes uninhabitable due to a covered loss.

It’s important to note that Geico Home Owners Insurance does not cover damages caused by earthquakes, floods, or landslides. You can purchase separate insurance policies to cover these perils.

What Factors Affect the Cost of Geico Home Owners Insurance?

The cost of Geico Home Owners Insurance depends on various factors, including:

  • The location and age of your home
  • The value of your home and personal possessions
  • Your credit score and claims history
  • The deductibles you choose
  • The coverage limits you select

Geico offers discounts and credits to its homeowners insurance policyholders, including:

  • Multi-policy discount if you bundle your home and auto insurance with Geico
  • Security system discount if you have a burglar alarm, smoke detector, or other security devices installed in your home
  • Newly constructed home discount if your home is less than one year old
  • Renovated home discount if you made significant renovations to your home such as installing a new roof or upgrading your electrical system

How to Buy Geico Home Owners Insurance?

Buying Geico Home Owners Insurance is easy and can be done online or over the phone. Here’s how:

  1. Visit the Geico website and click on the “Homeowners” tab.
  2. Fill out the online quote form with details such as your home’s location, age, and value, as well as your coverage preferences and deductibles.
  3. Review the quotes and select the policy that best fits your needs and budget.
  4. Provide your payment and personal information to complete the purchase.

You can also call Geico’s customer service at 1-800-841-2964 to get a quote and purchase a policy or speak to a representative for more information and assistance.

FAQs

What is not covered under Geico Home Owners Insurance?

Geico Home Owners Insurance does not cover damages caused by earthquakes, floods, or landslides. You need separate insurance policies to cover these perils.

Can I get discounts on Geico Home Owners Insurance?

Yes, Geico offers various discounts and credits to its homeowners insurance policyholders, including multi-policy discount, security system discount, newly constructed home discount, and renovated home discount. You can also increase your deductible to lower your premium.

How do I file a claim with Geico Home Owners Insurance?

You can file a claim with Geico Home Owners Insurance online, over the phone, or through the Geico mobile app. To file a claim, provide details about the loss and damages incurred, and upload supporting documents such as photos and receipts. Geico will review your claim and process it as quickly as possible.

How long does it take for Geico to process a claim?

Geico aims to process claims as quickly as possible, and most claims are processed within a few days of being filed. However, the processing time may vary depending on the complexity of the claim and the extent of the damages incurred.

Is Geico Home Owners Insurance available in all states?

No, Geico Home Owners Insurance is not available in all states. Geico offers homeowners insurance in 50 states and the District of Columbia, but not in Hawaii and Massachusetts.

Conclusion

Geico Home Owners Insurance is a reliable and affordable option for homeowners who want comprehensive coverage and excellent customer service. It covers damages and losses caused by common perils such as fire and theft, and offers various discounts and credits to help policyholders save money. If you’re in the market for home insurance, consider Geico Home Owners Insurance and get a quote today.

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