Amica Home Insurance Review 2022 – Forbes Advisor
About Amica Home Insurance
Amica home insurance policies include these standard types of coverage:
- Housing coverage pays to repair or replace your home and attached structures (like a porch or deck).
- Coverage of other structures pays to repair or replace structures that are not attached to your home, such as a fence or a detached garage.
- Personal Property Coverage pays if your personal property is damaged or stolen.
- Liability insurance pays for accidental property damage and injuries to others for which you are legally responsible. It also pays for a legal defense if you are sued due to an incident covered by your home insurance policy.
- Loss of use pays for expenses, such as hotel bills and restaurant meals, if you cannot live in your home due to a problem covered by your policy (such as a fire). This coverage is also called additional living expenses.
Additional Amica Home Insurance Options
Amica offers several types of optional additional cover for home insurance customers:
- Extended Housing Replacement Cost Coverage provides an additional 30% to rebuild or repair your home if the costs exceed your policy limit. This can happen if there is an increase in construction costs and materials after a disaster hits your area (like a forest fire).
- Personal Property Replacement Benefit pays the full cost of replacing your belongings if they are damaged by a problem covered by your policy.
- Special computer coverage provides wider coverage for smart devices, such as phones, laptops, tablets, and smart TVs, against issues such as power surges, thermal warping, and water damage.
- Sump Backflow/Overflow covers damages for problems related to sump pump overflow and water backups.
Amica Choice Platinum Home Insurance
Amica home insurance customers have the option of purchasing a Platinum Choice policy, which combines several types of coverage. This includes the types of coverage listed above, as well as the following:
- Business Property Coverage extends your coverage limits up to $5,000 for home business property and $2,000 for away business property (coverage limits vary by state).
- Extensive valuables coverage has more coverage for stolen and lost personal items, such as furs, jewelry, and watches.
- Civil liability and medical expense coverage increases your liability and medical payment coverage. The amount of increased coverage varies by policy and state.
- Loss assessment plan extends coverage for property in your principal residence of which you are not the sole owner, such as the common areas of a gated community or a condo complex.
- Credit card coverage pays up to $5,000 if your credit cards are stolen and used fraudulently.
Amica Home Insurance Cost Comparison
Home insurance complaints against Amica
Amica has a lower level of home insurance complaints than the industry average.
List of prohibited dogs from Amica
You may find that you are not eligible for Amica coverage if you own any of these dog breeds: Alaskan Malamute, American Staffordshire Terrier, Chow, Doberman Pinscher, Huskie, Presa Canario, Pit Bull, Rottweiler, Wolf or any dog with a biting history.
After: Dog breeds prohibited by home insurance
Discount on Amica home insurance
Amica offers several possible discounts for home insurance customers:
- Loyalty. You get a discount if you’ve been with your insurer for at least two years.
- Multi-line. You can save up to 30% when you bundle your home insurance with an auto, condo, renters, life or umbrella policy.
- Without complaint. You can get a discount if you haven’t had a claim in the past three years.
- Automatic payment. You get a discount when you pay your premium with direct debits.
- E-discount. You’ll get a discount when you go paperless and receive your policy information and bills electronically.
- Alarm system. You can benefit from savings if your home is equipped with fire alarms, sprinkler systems or burglar alarms.
- Automatic detection devices. You may be eligible for a rebate if your home is equipped with a water or gas leak detection system.
- New/renovated real estate loan. You could get credit if you insure a new or renovated home.
Amica dividend policies
Amica offers both traditional policies and dividend policies. Both types of policies offer the same coverage, but a dividend policy earns you up to 20% of your annual premium in dividends, which you can use toward future premium payments or as a direct deposit or cheque.
Dividend policies are more expensive upfront, but can offer long-term savings, depending on company performance. Amica home insurance policies are not available in California, Florida, Missouri or North Carolina.
Other Types of Amica Insurance Policies
Several other types of home-related coverage are sold by Amica, including condo and renter’s insurance.
For an added layer of liability coverage, an umbrella insurance policy can be added to an Amica home and/or auto insurance policy. An umbrella policy can help pay out if a claim against you exceeds the liability limits of your home or auto insurance.
Amica also markets:
History of the Amica company
The Automobile Mutual Insurance Co. of America (Amica) was founded in 1907 and offered automobile, fire and theft insurance. The company first offered homeowners insurance in 1956. Amica is headquartered in Lincoln, Rhode Island.
Amica’s charitable causes
Amica works with communities across the country and has given away $5.2 million in grants and sponsorships. The company encourages its employees to get involved through paid time off to volunteer and has matched 175% of employee donations to eligible organizations. Amica has also donated over $1 million to fund the Covid-19 response.