About a few years back, I have had the opportunity to answer to some many distressing questions. One of these questions was; can a child of a veteran get USAA insurance?
I will be giving an answer to this again because it is obvious that such questions stills arise in the minds of many people including you, which is a reason you are here.
USAA is the acronym for the United Services Automobile Association. It was founded in 1922 in San Antonio by a group of 25 U.S. Army officers.
The twenty-five U.S. army officers began USAA as a mechanism for mutual self-insurance when they were unable to secure auto insurance because of the belief that they (military officers) were a high-risk group.
USAA, as it stands, is a San Antonio-based Fortune 500 diversified financial services group of companies that also includes a Texas Department of Insurance-regulated reciprocal inter-insurance exchange and subsidiaries.
They offer services like investments, banking, and insurance to people and families who are serving or served, in the United States Armed Forces.
In 2018, the company ranked number 100 in the Fortune 500 list of the largest United States corporations by total revenue.
Different Levels of USAA Membership
You must know that not all USAA members are eligible to have their spouses or children become USAA members.
The break down below is for a better understanding of the levels of the USAA membership. Let us see.
- Level 1 USAA Member: This is a USAA Member with basic checking/savings.
- Level 2 USAA Member: This is a USAA Member still ith checking/saving but, with the distinction of holding a USAA auto or property insurance.
Therefore, it implies that; the children and spouses of Level 1 USAA Members are not eligible to become a USAA member.
Whereas, children and spouses of Level 2 USAA Member are eligible to become a USAA member.
Once you are a Level 2 USAA Member, military status and history no longer matter. Therefore, in level 2 USAA membership
- Spouses and children are eligible for USAA Membership.
- Spouses and children can become Level 2 USAA members and so on.
Can A Child Of A Veteran Get USAA Insurance
USAA has as well evolved to offering banking and insurance services to past and present members of the Armed Forces, officers and enlisted, and their families.
To the big question of “can a child of veteran get USAA insurance”. The answer is YES. Provided that the veteran has had USAA auto or property/casualty insurance.
But on a contrary, if your father is deceased and did not use USAA for his auto or property/casualty insurance purposes then you are not eligible for membership.
If you are interested in joining the USAA, you should check up our guide on how to become a USAA member.
Below are further eligibility breakdown from the USAA website;
- Active, retired and honorably separated officers and enlisted personnel of the U.S. military.
- Officer candidates in commissioning programs (Academy, ROTC, OCS/OTS).
- Adult children (18+) of USAA members who have or had a USAA auto or property insurance policy.
- Widows and widowers of USAA members who have or had a USAA auto or property insurance policy.