HomeFinanceAmica Renters Insurance Review 2022: What to Know

Amica Renters Insurance Review 2022: What to Know

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With few client complaints, an easy-to-use web site and cellular app and a big selection of protection choices, Amica renters insurance coverage is price contemplating.

Amica renters insurance coverage professionals and cons

How Amica renters insurance coverage charges

Amica renters insurance coverage earned 5 out of 5 stars for total efficiency. NerdWallet’s rankings are decided by our editorial workforce. The renters insurance coverage scoring formulation takes into consideration coverage protection choices and reductions, ease of submitting a declare, web site transparency, the monetary energy of the corporate, grievance knowledge from the National Association of Insurance Commissioners and extra.

Based on these rankings, Amica is amongst NerdWallet’s Best Renters Insurance Companies for 2022. 

State availability

Amica renters insurance coverage is obtainable in all states besides Alaska and Hawaii.

» MORE: 6 causes not to skip renters insurance coverage

Amica renters insurance coverage protection

Landlords generally require tenants to buy a coverage with a minimal quantity of renters legal responsibility insurance coverage, however in any other case, the protection you select is mostly up to you. Below are the 4 varieties of protection included in most traditional renters insurance policies:

For extra particulars, see what renters insurance coverage is and what it covers.

For policyholders who want extra protection, Amica presents a number of choices:

  • Personal property substitute, which pays for the complete substitute or restore of your private property up to your protection restrict.
  • Scheduled private property, for expanded protection of valuables like marriage ceremony rings, furs or effective arts.
  • Smart gadgets and pc protection to cowl your cellphone, laptop computer, pill, and/or pc.
  • Identity fraud, to cowl bills in case your id is compromised. This contains reimbursement for unauthorized utilization of your bank card up to your protection restrict.

» MORE: The common value of renters insurance coverage in each state

Discounts

Amica presents a number of reductions, however they is probably not accessible in all states and places, so examine availability.

  • Loyalty {discount}, which is obtainable to policyholders who’ve been with Amica for at the least two years.
  • AutoPay {discount}.
  • Multipolicy {discount}, which gives up to 15% off for bundling renters and auto insurance coverage.
  • Claims-free {discount}, for policyholders who haven’t filed a declare in three years.
  • E-discount, for purchasers who select to obtain their coverage statements electronically.

» MORE: The finest low-cost renters insurance coverage 

Consumer complaints

Amica renters insurance coverage had far fewer than the anticipated variety of dwelling insurance coverage complaints to state regulators relative to its measurement, in accordance to three years’ price of information from the National Association of Insurance Commissioners. (NAIC dwelling insurance coverage complaints additionally cowl different dwelling coverage varieties, together with cellular dwelling, renters and rental insurance coverage.)

Consumer expertise

Website: Amica’s user-friendly web site permits you to get a web-based quote, file and observe claims, and chat with a customer support specialist.

App: Amica’s cellular app is obtainable on Android and iOS. The app permits you to view your insurance policies and to report and observe claims. It additionally permits you to pay your month-to-month invoice, entry insurance coverage ID playing cards and get a free quote.

Renters insurance coverage shopping for information

Before you evaluate renters insurance coverage firms, collect key data such because the deal with of the rental and any security and safety features the unit has.

You must also determine how a lot protection you want. Take a fast stock of your belongings: How a lot wouldn’t it value you to substitute them? Include all furnishings, digital gadgets, clothes, jewellery and home goods. This whole is the minimal quantity of non-public property insurance coverage you must have.

Your legal responsibility restrict ought to be excessive sufficient to cowl your internet price, whereas your deductible ought to be an quantity you’d really feel comfy paying in an emergency.

When evaluating renters insurance coverage quotes, ensure every charge estimate contains the identical protection limits and deductibles so you already know you’re getting a good comparability. While it’s tempting to purchase the most affordable coverage, you might also need to learn evaluations of your most well-liked firm to ensure it presents good customer support.

» MORE: How poor credit score might elevate your renters insurance coverage charges

File as quickly because it’s secure. The sooner you report a theft or injury to your house, the earlier your insurer can assign an adjuster and begin engaged on paying out your declare. Some firms allow you to file claims on-line or by means of their app, whereas in different instances you will have to name your agent or insurer as a substitute. Have your coverage quantity helpful.

Document the injury. Bolster your declare by taking images or video of all injury. If one thing was stolen, report it to the police earlier than you contact your insurance coverage firm. Your insurer might ask for a replica of their report.

Prevent additional injury. After you’ve taken photos of the whole lot damaged or destroyed, take steps to stop extra injury, similar to placing a tarp over a damaged window to defend your belongings inside. Keep receipts for any provides you purchase, as your insurer might reimburse you later.

Frequently requested questions

What different varieties of insurance coverage does Amica supply?

In addition to renters insurance coverage, Amica presents:

How do I contact Amica customer support?

Amica representatives can be found through dwell chat on weekdays from 6 a.m. to midnight ET and on weekends from 7 a.m. to midnight ET. You also can contact Amica by cellphone at 800-242-6422.

How do I file a declare with Amica?

Amica declare representatives can be found through dwell chat on weekdays from 8 a.m. to 6 p.m. ET and Saturdays from 10 a.m. to 5:30 p.m. ET.

For auto, dwelling, marine and umbrella claims, Amica representatives are additionally accessible 24/7 by cellphone at 800-242-6422.

Other renters insurance coverage firms to take into account

Not prepared to decide? You could also be focused on these different renters insurance coverage firms:

Renters insurance coverage rankings methodology

NerdWallet’s renters insurance coverage rankings reward firms for customer-first options and practices. Ratings are primarily based on weighted averages of scores in a number of classes, together with monetary energy, client complaints, protection choices, reductions, on-line expertise and extra. Our “ease of use” class seems to be at elements similar to web site transparency and the way straightforward it’s to file a declare. These rankings are a information, however we encourage you to store round and evaluate a number of insurance coverage quotes to discover the very best charge for you. NerdWallet doesn’t obtain compensation for any evaluations. Read our editorial pointers.

 

Insurer complaints methodology

NerdWallet examined complaints obtained by state insurance coverage regulators and reported to the National Association of Insurance Commissioners in 2018-2020. To assess how insurers evaluate to each other, the NAIC calculates a grievance index annually for every subsidiary, measuring its share of whole complaints relative to its measurement, or share of whole premiums within the business. To consider an organization’s grievance historical past, NerdWallet calculated an analogous index for every insurer, weighted by market shares of every subsidiary, over the three-year interval. Ratios are decided individually for auto, dwelling (together with renters and rental) and life insurance coverage.

 

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