Jeffrey Wade
Amica's homeowners insurance provides financial relief for repairing or rebuilding your home and replacing your belongings after disasters such as fires, tornadoes, break-ins and more. It also covers damage or injury to another person or their property that you’re liable for. Additionally, it can help cover legal expenses if someone is injured on your property. Amica also offers optional add-ons such as flood insurance, identity theft insurance, and coverage for high-value items.
| Characteristics | Values |
|---|---|
| Standard coverage | Fire, tornado, smoke, lightning, break-ins, wind, hail, theft, vandalism, extreme weather |
| Additional coverage | Flood, earthquake, sump pump failure, water backup, sewer overflow, storm damage, identity theft, valuable items, legal expenses, special computer coverage, scheduled personal property coverage |
| Discounts | Bundle with auto insurance, bundle with life, umbrella, renters, condo, or motorcycle insurance, dividend policy, smart home devices |
| Other | Customizable, 24/7 claims service, access to pre-qualified contractors, deductible options |
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What You'll Learn
Amica's standard homeowners insurance plan
The plan also provides coverage for your belongings, including furniture, clothing, and electronics, in the event of a covered loss. This means that if your personal property is damaged or stolen, Amica's insurance will help replace or repair these items, up to the limits specified in your policy. It's important to note that standard homeowners insurance policies typically cover your personal property at its actual cash value, which takes into account depreciation. To ensure full replacement cost coverage, you may need to purchase additional coverage.
Amica's standard plan also includes liability coverage, which protects you if someone is injured on your property or if you accidentally damage someone else's property. This coverage can help with legal expenses and claims made against you. Additionally, the plan offers financial relief for repairing or rebuilding your home after disasters such as fires, tornadoes, break-ins, and more.
While Amica's standard homeowners insurance provides robust coverage, there are certain exclusions to be aware of. Standard plans typically do not cover water damage caused by floods, sewage backups, or long-term leaks. Additionally, damage caused by earthquakes or mould may not be covered, depending on the specific circumstances and your location. To ensure adequate protection, Amica offers optional add-ons and endorsements to enhance your coverage, such as flood insurance and water backup coverage.
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Additional cover options
Amica's standard homeowners insurance plan doesn't cover water damage from a clogged drain, failed sump pump, or flooding. However, you can purchase an endorsement to cover damage from water backup through sewers and drains, or sump pump overflow. Amica also offers flood insurance through the National Flood Insurance Program (NFIP), which is a good idea to buy as extra coverage.
Identity theft insurance helps you recover from the financial and personal impacts of identity theft, covering costs like legal fees, lost wages, and expenses related to restoring your identity.
If you live in an area where earthquakes are common, you may be able to get additional coverage added to your homeowners policy. For example, in California, earthquake coverage may be offered by your home insurance company or through the California Earthquake Authority.
Special computer coverage helps protect against power surges, water damage, heat warping, and more. Valuable electronics often need coverage beyond the standard homeowners policy.
High-value items like jewellery, art collections, antiques, and other expensive items may not be fully protected by a standard policy. You can list these items separately to ensure they are adequately insured against loss or accidental damage, and their value is based on their current market value.
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Discounts and savings
Amica offers a range of discounts and savings options to its customers, allowing them to customise their coverage according to their needs and budget. Here are some of the ways in which customers can save on their homeowners insurance:
Bundling Policies
Amica offers multiline discounts when customers bundle their home insurance with other insurance policies. For instance, bundling home and auto insurance policies can save customers up to 30% on their premiums. Similarly, customers can avail of multiline discounts when bundling with life, umbrella, renters, condo, or motorcycle insurance policies.
Dividend Policy
Amica offers a dividend policy, which returns a portion of the premium back to the customer if certain conditions are met. On average, customers can receive between 5% and 20% of their premium back.
Smart Home Devices
Amica policyholders may qualify for discounts on their insurance and on internet-connected, monitored smart home devices. These devices, such as sensors, can help prevent theft, fire, and water damage.
Flood Insurance
Although not a direct discount, Amica customers can save money in the long run by purchasing flood insurance through the National Flood Insurance Program (NFIP). This is especially important if the customer's home is near a floodplain, as flood damage is not typically covered by standard homeowners insurance.
Identity Theft Insurance
Identity theft insurance is another optional add-on that can save customers money in the event of identity theft. It covers costs like legal fees, lost wages, and expenses related to restoring one's identity.
Special Computer Coverage
Special computer coverage can be added to protect against power surges, water damage, heat warping, and more. This is especially important as valuable electronics may need coverage beyond the standard homeowners policy.
High-Value Items Coverage
For customers with high-value items, an additional coverage option allows policyholders to list valuable belongings separately, such as jewellery, art collections, or antiques. This ensures that these items are adequately insured against loss or accidental damage and are valued at their current market value.
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Identity theft insurance
Amica's identity theft insurance provides expert assistance and funding of up to $15,000 to help restore your identity and get your life back to normal. This includes unlimited access to a resolution expert, assistance with identity fraud documentation, and help connecting with credit bureaus, creditors, government agencies, and more. You will also receive credit and fraud monitoring, and proactive assistance for one year if your wallet or handbag are stolen.
The resolution expert will guide you through the process of resolving identity theft issues and help you navigate the complex landscape of identity restoration. They will provide assistance with phone calls, documentation, and any other administrative tasks required to restore your identity. This can be a valuable resource, as the process of recovering from identity theft can be time-consuming and challenging without expert help.
Additionally, Amica's identity theft insurance offers credit and fraud monitoring, which can help detect any further fraudulent activity and prevent future identity theft. This monitoring service provides peace of mind and proactive protection, ensuring that you are alerted to any suspicious activity and can take immediate action.
Overall, Amica's identity theft insurance provides comprehensive coverage and support to help individuals and families recover from the impacts of identity theft. By offering financial assistance, expert guidance, and proactive monitoring, Amica helps to alleviate the stress and burden associated with restoring one's identity. This type of insurance is an important consideration in today's digital world, where identity theft is an increasingly common crime.
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What isn't covered
Amica's standard homeowners insurance does not cover damage caused by flooding, earthquakes, or water backups. Flooding includes groundwater damage, and water backups refer to sump pump failures and sewage issues. However, Amica offers optional water backup coverage and helps you purchase flood insurance through the National Flood Insurance Program (NFIP).
Standard homeowners insurance also does not cover damage caused by mould, although Amica's coverage varies by state. It may cover mould damage caused by a covered peril, but it will not cover preventable damage.
Home insurance policies typically do not cover valuable items such as jewellery, fine art, furs, golf clubs, cameras, bicycles, computers, silverware, and electronics. However, Amica offers additional coverage for these items, allowing policyholders to list them separately to ensure they are adequately insured against loss or accidental damage.
Home insurance does not cover cars that are required to be registered for use on public roads. If you have comprehensive coverage on your auto policy, damage to your car will be covered by that policy.
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Frequently asked questions
Amica homeowners insurance covers damage to your home and belongings from extreme weather, fires, vandalism, theft, and break-ins. It also covers legal expenses if someone is injured on your property.
Amica's standard homeowners insurance plan does not cover water damage from floods, sewage backups, or sump pump failures. However, Amica offers optional water backup coverage and helps customers get flood insurance through the National Flood Insurance Program (NFIP).
Amica homeowners insurance covers identity theft and helps cover costs like legal fees, lost wages, and expenses for restoring your identity.
