| The AARP homeowners insurance program is | | | | have what they call a "new for old" plan in which |
| provided by The Hartford Financial Services Group. | | | | they pay the actual cost to replace possessions with |
| The Hartford Financial Services Group was founded in | | | | brand-new items. This is a good option to have |
| 1810 and has had a partnership with the AARP | | | | because if your possessions are several years old the |
| providing auto insurance and homeowners insurance | | | | cash value would be far less than that of brand new |
| since 1984. This partnership is currently in its third | | | | items. |
| extension and will continue through at least January | | | | One thing that I don't really like too much about their |
| 2020. | | | | coverage is that personal property is only covered up |
| The AARP homeowners insurance program offers | | | | to $5,000. You can get more coverage than that if |
| some good benefits. They have a 100% protection | | | | he needed but of course you have to pay extra. |
| plan available which insures your home for 100% of | | | | And let's face it if your house burned to the ground |
| its replacement cost. According to their website, if | | | | and you needed to replace all of your possessions, |
| this option is selected they will "pay the full cost to | | | | things like your furniture, appliances, electronics, etc. it |
| rebuild even if it costs up to 150% of the applicable | | | | would probably cost far more than $5,000 to replace |
| limits of your policy." | | | | all of those items. |
| Another good benefit that they offer is their | | | | All in all the AARP Homeowners Insurance Program |
| "Protector Plus Homeowners Deductible Forgiveness". | | | | looks pretty good to me but I always recommend |
| With this benefit they will wave up to $5,000 of your | | | | doing your homework and talking to trusted financial |
| deductible if you experience a qualifying loss of | | | | professionals before committing to any important |
| $20,000 or more. | | | | financial decisions. |
| For the protection of your personal possessions they | | | | |