4.8
4.8
USAA's umbrella insurance provides members additional liability coverage that goes above the limits of their home and car insurance. An umbrella policy with USAA also provides coverage for other types of claims such as libel, slander, and invasion of privacy.
USAA is better known for its financial services geared to meet the needs of current and former military service members and their immediate families. The company also offers life insurance, home insurance, and car insurance.
Top Ranked Companies
The Good
- Extensive FAQ Section
- Get a Free Quote
- Generous Coverage
Extensive FAQ Section
USAA's Umbrella Insurance FAQ Section offers useful information. Each question and answer is easy-to-read and explains the benefits of an USAA umbrella policy. The site explains why umbrella insurance is useful, how much coverage is needed, the different coverage limits, and whether or not umbrella insurance covers businesses.
Probably the most helpful information USAA has on its FAQ is examples of when an umbrella policy is needed.
For example: a member accidentally causes a five car collision and has an auto policy with bodily injury limits of $300,000 per person, $500,000 per accident, and $100,000 in property damage liability. If this member hurt 10 people with a total injury amount of $750,000 plus auto repairs, the policy might not cover everything.
The umbrella policy would help cover anything the auto policy did not.
Get a Free Quote
If you're already a USAA member, you can log into their account and receive a free quote.
Generous Coverage
USAA's umbrella insurance product covers the member, their spouse, and any resident relatives in the household — anywhere in the world.
The Bad
- Limited Customer Insight
- Requirements
- Can’t Make Changes Online
Limited Customer Insight
USAA does not have many personal insurance reviews on BestCompany.com. While the lack of reviews makes conclusions unavailable, it is promising that USAA has received primarily positive reviews.
Customer Review: Morgan Huff from Phoenix, AZ
"USAA has very competitive rates when it comes to personal insurance. The coverage is very good for the price tag that comes with."
Requirements
In order to purchase umbrella insurance coverage with USAA, you must be a member. USAA membership is available to current and former military service members in good standing, their spouses, and children.
For personal umbrella coverage, members are required to maintain the following coverage and limits:
- Automobile Insurance Bodily Insurance — $300,00 limit per person and $500,000 limit per accident
- Automobile Insurance Property Damage — $100,000 limit per person
- Homeowners/Renters/Fire Liability — $300,000 limit per policy
- Homeowners Insurance Personal Injury — $300,000 limit per occurrence
- Watercraft Personal Liability — $300,000 limit per occurrence
Can’t Make Changes Online
Members cannot make any changes to their insurance policy online. USAA states that this is because some umbrella transactions are too complex and require help from a customer service representative.
The Bottom Line
Certain requirements must be met before members can sign up for coverage, and members will need to call a representative to make any changes to their policy. However, that shouldn't deter members from checking out USAA's umbrella insurance.
The insurance was designed to protect members' assets from major claims and lawsuits and provides a substantial amount of coverage. Members who qualify can definitely benefit from an umbrella policy.
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Aallen Katy, TX
3 years ago Edited September 14, 2021
Gary Rohrbaugh Payson, UT
5 years ago
Review Source
Morgan Huff Phoenix, AZ
3 years ago
Nate Ashby Provo, UT
3 years ago
