Amica Homeowners Insurance Review 

Amica Homeowners Insurance Review

About Amica

Based in Rhode Island, Amica began in 1907 as the American Auto Mutual Insurance Company. It later added other types of insurance and financial products and changed its name to Amica Mutual Insurance Company. Today, Amica consists of three subsidiaries with offices that sell auto, home, life, lessor, apartment, boat, motorcycle, personal and corporate liability.

Reviews of Amica

Advantages:

• Offers two tiers of policy for homeowners: Standard Option and Platinum Option

• Some policies pay dividends up to 20% annual premium

• Some of the cheapest homeowners insurance premiums in our rating

Defect:

• Not available in Hawaii or Alaska

• Dividend policy not available in all states

Amica ranks 5th in our Best Homeowners Insurance Companies by 2022 ranking, along with US Home Insurance. It also ranks 5th in our cheapest homeowner's insurance companies by our 2022 ranking. Amica offers home insurance in all states except Hawaii and Alaska. Policyholders can choose between two home policy options: Standard Choice Home Insurance and Platinum Choice Home Insurance.

The Standard Choice option has typical homeowners coverage with the option to add additional coverage, such as replacement costs for your home and personal property, water backup and Extended computer and device coverage, for an additional premium.

Platinum Choice as an additional standard of coverage, expanding coverage for valuables, business property and personal liability, and changing the policy type from HO3 (consumer homeowner's insurance). standard) to HO5. This simply means that your personal property will be covered for all perils except those specifically excluded in the policy language, while HO3 only covers your personal property. for clearly stated risks.

=> Read More: Amica Auto Insurance Review

Amica also offers a homeowner dividend policy, which is a unique feature among the companies in our rating. Policyholders who choose a dividend policy can be paid back up to 20% of their premium each year. Dividend policies are not available in every state and rates of return can vary, so contact your Amica representative to see if this is the right option for you.

You can obtain Amica policies online, by phone, or in person with an Amica representative. Report and track complaints online, by phone or by using Amica chat during business hours. You can also sign in to your online account to make payments, update invoices, sign up for autopay, and view your policies. The Amica mobile app offers these same features and also allows you to report and track complaints and contact Amica representatives. Amica is rated A+ for outstanding financial strength with AM Best.

What Homeowners Insurance Options Are There Amica?

Amica Homeowners Insurance Review

Amica offers a Standard Choice Home Policy (HO3) and a Platinum Choice Home Insurance Policy (HO5). Both cover the following homeowners insurance premiums:

• Resident. This insurance will pay if the structure of your home, including any attached structures, is damaged and needs repair or rebuilding after a claim is made.

• Other structures. This insurance will pay out if there is damage to structures in your property that are not attached to the home, such as fences, sheds or sheds.

• Personal property. This insurance pays if your clothes, furniture, electronics, or other items are damaged in a covered loss.

• Incapacitated. This insurance, also known as additional cost of living (ALE), will pay to temporarily house you and your family if you are unable to live in your home after perilous damage is insurance. It will also pay for expenses like having to eat out or paying for a pet to stay.

• Legal responsibility. If you are legally responsible for someone else's property damage or injury to another person, this insurance will pay for your legal costs.

Amica's standard policy has several optional coverage levels that you can include in the base policy for an additional premium. You can cover the replacement cost of the home, providing an additional 30% coverage if the repair or rebuilding of your home will exceed the coverage limit for the home. Amica also offers full cost replacement of content and special computer insurance for smart devices and computers.

If your home has a sump pump or floor drain, Amica's water backup and sump overflow insurance can be valuable. These coverages are automatically included in the Platinum Choice plan, which also expands coverage to personal liability, valuables and business property and expands insured perils to with personal property.

=> Read More: Amica Auto Insurance Review