3.7
U.S News RatingsIn the case of a loss that renders your house temporarily uninhabitable, Amica's Standard Choice policy covers your residence and any other structures on your property, personal possessions, and the expenses related to temporary accommodation. Options include insurance against damage to computer equipment and coverage for water backups.
In our rankings of the Best Homeowners Insurance Companies of 2024, Amica and American Family Insurance are tied for first place. Originally known as the Automobile Mutual Insurance Company of America, Amica is a Rhode Island-based company that was founded in 1907. Amica currently provides a wide range of insurance products, including retirement annuities, auto, life, pet, renters, and small business insurance, in addition to house insurance.
Amica provides both dividend and non-dividend policy options. Dividend plans give policyholders a percentage of their premiums back; they are not offered in California, Florida, Missouri, or North Carolina. Bundling house insurance with auto insurance or other policies, receiving discounts for being a loyal client, and receiving discounts for safety measures like sprinkler systems are some more methods to save money on an Amica policy.
All of the coverages of the regular policy are included in the Platinum Choice policy, along with extra benefits. These consist of expanded coverage for certain categories of property, such as jewelry, and increased coverage for rebuilding or repairs. Additional advantages include extended coverage for damage to business property and protection against credit card theft.
Based on our example policy, which uses a standard set of characteristics for all the companies we assess, Amica's monthly premium is $167.
The independent rating company AM Best has awarded the company an A+ rating. Alaska and Hawaii do not offer the company's house insurance plans.
What Does Amica's Homeowners Insurance Cost?
Our sample policy, which is based on a 2,400-square-foot townhouse in Naperville, Illinois, with a $500,000. coverage maximum, indicates that Amica's monthly premium is $167. Your price will change based on your demographics and the unique features of your home.
Which Homeowners Policies Does Amica Provide?
Standard Choice Home Coverage and Platinum Choice Home Coverage are the two homeowners insurance plans that Amica provides. A dividends option is available for purchase for both of these policies. Remember that states and policies have different coverages.
Gold Standard Selection
In addition to the standard plan's basic coverages, the Platinum Choice insurance includes an additional set of coverages that can be added on-demand if you select the Standard Choice policy.
* Replacement of Personal Property
After a covered claim, your gadgets, furniture, clothes, and other belongings will be replaced with brand-new ones without taking depreciation into account.* Important Things Enhanced Reporting
Under the Platinum Choice plan, high-value objects like jewelry, fine art, and antiques have greater coverage limitations.* Cost of Replacing a Dwelling
After a covered loss, this coverage offers up to 30% more in dwelling coverage for house replacement or repairs.* Coverage for Medical Payments and Liability
The liability and guest medical payment limits are increased to $500,000 and $5,000, respectively, by this policy.* Water Overflow/Backup
The damage brought on by a sump pump overflow, failure, or backup of water or sewage lines into your home's drains will be covered by this policy.* Plan for Loss Assessment
This insurance covers losses in common areas for residents of gated communities or condominiums.* Coverage for Business Property
This policy can reimburse damages up to $5,000 if you have commercial property at your residence. If damage is sustained to your company property away from your home, this sum drops to $2,000.* Coverage for Credit Cards
If your credit card is lost or stolen, this coverage will cover up to $5,000 in unauthorized charges.* Exclusive Computer Protection
In the event that your TV, tablet, laptop, smartphone, or other smart gadget is harmed by water, heat, or power surges, this coverage offers larger limits.Typical Selection
Basic coverage is provided for your house under this policy:
* Individual Assets
If a covered loss results in damage to your clothing, furniture, gadgets, or other belongings, this coverage will pay.* Accountability
This coverage covers your legal costs if you or a member of your household is found legally liable for property damage or personal injury to others.* Residence
If your home's structure, including any related structures, is damaged and requires rebuilding or repairs following a covered claim, this policy will pay.* Absence of Use
If a covered peril causes damage to your home, this coverage, also known as additional living expense (ALE), will cover the cost of finding temporary housing for you and your family. Additionally, it will cover costs for things like eating out or boarding pets.* Different Structures
If there is damage to buildings on your property—such as a fence, shed, or barn—that are not connected to the house, this policy will cover it.
Payouts:
In certain areas, Amica also provides a dividend policy that pays you a dividend equal to 5% to 20% of your yearly premium. This payment can be added to your next year's premium, delivered to you as a check, or instantly deposited into your bank account. The conventional standard policy doesn't pay out in dividends.
How Amica Homeowners Insurance Is Purchased
Amica policies can be obtained online, via phone, or in person from an Amica agent. To purchase a homes insurance coverage from Amica, take the following actions:
* Prepare your information.
It's best to have your information ready before you start. Personal data such as your name, date of birth, social security number, and details about your previous insurance policies, including claims and company information, must be provided. Aside from that, you'll need information about the house itself, such as its address, age, kind of roof, age of utilities (heating, plumbing, etc.), number of rooms and bathrooms, etc.* Identify the coverage requirements.
It could be better to speak with an Amica agent over the phone or in person if you're unclear about which insurance you want or the coverages you require. They can assist you in choosing the ideal coverage and policy for your household and individual requirements.* Request a quote by contacting us.
Amica has a number of ways to request a quote. You have three options: give them a call, request an online quotation, or speak with an Amica agent. The more prepared you are, the more smoothly this process will go.* Choose a plan and purchase
It's time to purchase your policy after deciding on the kind and coverages. Amica will advise you on the best course of action for completing the details of your policy.Which Amica Homeowners Insurance Discounts Are Available?
You can be eligible for the following homeowners insurance savings if you have an Amica policy:
- E-discount: This rebate is available to policyholders who choose for electronic document delivery.
- Claims free: A homeowner who hasn't submitted a claim in the last three years is eligible for this discount.
- Credit for new or renovated homes: This credit is valid for new
- Autopay: You can get this discount by automatically paying your premiums.
- Several lines: To save up to 30%, combine your homeowners insurance with your renters, vehicle, condo, life, and umbrella policies.
- gadgets for automatic detection: Homes with temperature monitoring systems, gas leak detection systems, or water leak detection systems qualify for this discount.
- Fidelity: You may be eligible for this discount if you have been a customer of Amica for at least two years.
- Alarm mechanism: This discount is available to homes equipped with automated sprinkler systems, fire alarms, or burglar alarms.
# FAQ
A homes insurance coverage does not cover termite damage, which is usually the result of neglect.
A regular coverage does not cover flood damage or backup from a clogged drain or malfunctioning sump pump. It is optional to have these coverages. Speak with an employee about the particulars of your circumstance.
Earthquakes, floods, identity theft, high-value items that surpass specific thresholds, water backup, and replacement of personal and residential property are all excluded from regular homeowners coverage. While some of these coverages are already included in the Platinum Choice Home Coverage insurance, others must be purchased separately.
Roof repair is covered if a covered weather event damages the roof. Maintenance-related leaks are not.
It's possible that coverage extends to damages caused by roof leaks. Check with your insurance provider for confirmation as there can be limitations depending on your particular coverage or state laws.
Coverage for mold varies by state and cause and is contingent upon the policy's exclusions.
Certain medical and liability coverage for visitor injuries are included in standard insurance. Elevated settings are voluntary but might be prudent if you own a trampoline, pool, or anything else that might raise the risk. Speak with an employee of the company.
A typical Amica homeowners policy will cover damage from trees falling due to wind.
A basic policy provides coverage against theft, but valuables could need further coverage.
Amica offers fire insurance as a part of their standard policy.
A visitor may be protected for a small dog bite under a regular policy, but larger or more aggressive canines may benefit from supplementary coverage, which is available.
Generally speaking, insect damage is not covered and is regarded as a maintenance issue.
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