Overview

USAA Flood Insurance Overview

USAA provides a wide selection of home insurance policies, but those plans don’t include flood insurance, which homeowners must purchase separately.  Flood insurance is provided through the National Flood Insurance Program and offers coverage for damage caused by rain, hurricanes, melting snow and other sources that regular home insurance does not cover. USAA is a highly rated insurance company with excellent financial stability. USAA has 11.4 million members and is the fifth largest homeowners insurer in the United States. USAA policies are only available to service members and their relatives.

What Are USAA Flood Insurance’s Ratings?

USAA’s property insurance has some of the highest ratings in the business. Moody’s gives USAA property insurance an Aaa rating; the highest rating possible A.M. Best also gives USAA its highest rating, A++ (Superior). Standard & Poor’s rates it as AA+ (very strong), the second highest rating possible. The BBB gives USAA an A+ rating.

What Coverage Does USAA Flood Insurance Offer?

USAA’s flood insurance policies offer compensation for the damage caused by the following sources:

- Tropical storms.

- Hurricanes.

- Melting snow and ice.

- Changes in river flow and natural drainage.

The risk of flood damage is not restricted to certain states. In the past five years, all 50 states have been affected and 1 in 5 of all flood claims occur in an area that is considered low risk according to government data. Even moderate flooding (6 inches of water) can cause $20k in damages. Two feet of water can cause damages of $34k and 4 feet will cause an average of $40k in damages.

How Does USAA Compare with Other Flood Insurance Companies?

USAA has been in business for nearly 100 years and, thanks to its cautious investment culture, the company offers financial stability to its 11.4 million policyholders. USAA’s property insurance has some of the highest ratings in the industry. Policies can come with monthly premiums as low as $14.