Deploying? 5 things to know about your insurance

If you're in the military, ask your insurance agent about possible deployment issues before you buy a policy. If you're getting ready to deploy, here are some things to keep in mind.
military father hugging son goodbye

1 Suspend auto coverage

If no one will be driving your car while you’re deployed, you might be able to suspend your coverage to save money. This stops your coverage until you return home.

2 Arrange to pay premiums

Think about how to pay your premiums or renew your policy while you’re deployed. You might be able to pay your premiums automatically from your bank account or renew your policy early. If you let your policy expire or you don't pay on time, you may have trouble getting a new policy or have to pay a higher rate.

3 Check coverage for personal items

If you have a homeowners or renters policy, ask your agent if the personal items you take on your deployment will be covered if they're lost, stolen, or damaged. The military usually doesn't pay to repair or replace property that’s damaged or stolen in military housing or in a war zone. Homeowners insurance typically covers personal property that you take with you while traveling, but most policies don't pay for damage in a war zone. 

4 Protect your home

Many homeowners policies don’t cover damage to your home if it’s vacant for a certain amount of time (typically 60 days). Ask your insurance company or agent how the company defines vacancy and if it will pay claims on a vacant house. Also ask if the company offers coverage for a home that’s vacant for an extended period of time.

5 Evaluate life insurance needs

Active duty military personnel, including reservists and National Guard members called to active duty, are automatically insured for $400,000. If you decide that you need more life insurance, compare policies and get price quotes from several companies. The Department of Veterans Affairs has a life insurance needs calculation tool and information on plans.

 

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Last updated: 03/09/2017

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