How AARP is the Answer

AARP homeowners insurance is a benefit available to all members of the organization.  What is the AARP?  Standing for the American Association of Retired Persons, the AARP is an organization geared for bettering the lives of elderly people in the United States.  Through the AARP members get access to discounted insurance, merchandise and other purchases.  They also get political representation for Social Security, Medicare and other issues affecting the elderly.

Getting the Insurance

The first thing one has to do to obtain AARP homeowners insurance is become a member.  Doing this is very easy.  One can either call the organization or fill out a membership form online.

After that the membership fees must be paid.  Fortunately, at only $12.50 a year they are not that expensive.  In fact, the fee can be even lower if members are willing to pay for their subscription in bulk.  For example, a 5-year membership would cost $39.95, (making the overall price only $7.99 per year).

Once these things are done, a person is guaranteed acceptance if they are 50 and over.  Additionally, nothing has to be done to maintain membership, other than paying the nominal subscription fees.

The Types of Policies that are Available

Below is a detailed list of the various types of AARP homeowners insurance policies available.

• Coverage A – Coverage A provides complete protection for a person’s home.  The coverage can also extend for any additional structures that are a part of the property, such as a swimming pool.  Reimbursement from this coverage is geared towards paying the costs associated with rebuilding the house.
• Coverage B – Coverage B only provides for structures that are not a part of the premises.  The compensation is 10 percent of the cost of the overall dwelling.
• Coverage C – Coverage C provides protection for a person’s belongings.  Between 50 to 70 percent of the dwelling coverage is given if a claim has to be made.
• Coverage D – Coverage D provides compensation when an individual is unable to live in their house because of a particular loss.  An example could be if the main breadwinner of the household dies or loses their job.
• Coverage E – Coverage E provides two forms of protection.  The first offers compensation if one gets involved in a lawsuit, (also known as a liability claim).  The second form of protection pays for judgments that may have been issued, so long as the amount is within the policy’s limits.
• Coverage F – Finally, Coverage F helps provide monies for medical bills if an outsider gets injured on the premises.  If a family member or even a pet gets injured, monies will be provided regardless of where the injury occurred.

In conclusion, AARP homeowners insurance offers a wealth of options for elderly individuals looking to protect their financial interests.  Best of all, it is very easy to obtain.  Unlike other insurances if a person is over 50 and pays their membership dues, they are pretty much guaranteed access.

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