Homeowners of America Insurance Company Review & Ratings (2024)
Protect your home and everything you cherish with homeowners insurance. Safeguard against unexpected events and ensure comprehensive coverage for your property and belongings. Homeowners of America Insurance offers a range of policies tailored to your needs, providing peace of mind and financial security. Rest easy knowing that your investment is protected against fire, theft, natural disasters, and more.
Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
UPDATED: Jun 17, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Jun 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Homeowners of America Insurance
Average monthly rate for homeowners:
$100A.M. Best rating:
A (Excellent)Complaint level:
LowPros
- Comprehensive coverage options for home and auto insurance.
- Efficient and straightforward claims process.
- Customizable bundle policies for cost savings.
- Positive client testimonials and reviews.
- Excellent customer service with a commitment to satisfaction.
Cons
- Limited geographical availability (Check for coverage in your specific area).
- Some policy customization options may result in higher premiums.
- Limited online account management features compared to some competitors.
- Auto insurance rates may be slightly higher than industry averages.
- Limited discounts compared to other providers (e.g., no paperless or military discounts).
HOAIC is for customers looking for a homeowners choice insurance rating with a coverage limit of $200,000 or less and those looking for additional coverage for their pet. When considering Homeowner’s Choice Property Reviews, HOAIC stands out for its comprehensive coverage options.
Although an insurance company’s financial strength is important for prospective policyholders, the Homeowner’s Insurance Company Reviews for Homeowners of America Insurance are positive.
They were rated by Demotech, receiving an A (exceptional) rating, making them one of the Top 10 Homeowners Insurance Companies in Illinois according to Homeowners Insurance Ratings and Homeowners Insurance Consumer Reports.
What You Should Know About Homeowners Choice Property And Casualty
Welcome to the comprehensive guide on Policy Homeowners of America Insurance and Homeowners Insurance Reviews. In this article, we will delve into the importance of protecting your home and belongings, and how our tailored policies from Homeowners of America Insurance can offer you the peace of mind and financial security you deserve.
- Homeowners of America insurance policies are available in 14 states in the U.S.
- Although HOAIC has low rates and great ratings, the company has a high number of complaints on its Better Business Bureau (BBB) profile
- Homeowners of America Insurance Company (HOAIC) was created for customers interested in a home insurance policy with a coverage limit of $200,000 or less
- HOAIC offers 17 different coverage options to choose from for customization
Are you in search of the best homeowners insurance companies? Look no further than Homeowners of America Insurance (HOAIC). With competitive rates and top-notch policies, HOAIC stands out as one of the Rated Homeowners Insurance providers in the market.
To get started, contact Homeowners of America’s Phone Number and inquire about their policy options. Their Homeowners Advantage Reviews speak volumes about their commitment to customer satisfaction. Whether you’re looking for the best homeowners insurance rates or seeking insights into Homeowners Choice Insurance, HOAIC has you covered.
Discover why HOAIC is among the best homeowners insurance companies. From policy details to customer experiences, explore what sets Homeowners of America apart in the insurance landscape.
Don’t settle for Homeowners of America or any other insurance without exploring your options. Enter your ZIP code to get a free homeowners insurance quote today.
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About Homeowners of America
Founded in November 2005 in Delaware, Homeowners of America Insurance Company (HOAIC) has expanded its policy offerings across 14 states in the United States. Homeowners of America Insurance policies are available in Arizona, Georgia, Illinois, Iowa, Montana, Nevada, New Mexico, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah, and Virginia.
For homeowners seeking reliable coverage, Homeowners of America Insurance stands out with high ratings and positive reviews. Homeowners’ Choice Insurance Rating and Homeowner’s Choice Insurance Reviews highlight the company’s commitment to providing excellent service and comprehensive policies.
Homeowners Choice Rating, as reflected in homeowner’s insurance company ratings and homeowner’s insurance company reviews, demonstrates customer satisfaction and trust in Homeowners of America Insurance.
When considering insurance options, homeowners can rely on consumer reports, homeowners’ insurance ratings, and homeowners’ insurance reviews to make informed decisions about their coverage needs. With Homeowners of America Insurance, homeowners can rest assured that their properties are well-protected with top-rated policies and exceptional customer service.
Homeowners Choice Property And Casualty Insurance Coverage Options
Homeowners of America provides a total of six insurance policies in the United States:
- Condo insurance coverage. Homeowners of America (HOAIC) offers condo insurance policies. According to research from Statista, the average annual cost of condominium insurance in the United States is around $488. If you’re wondering, “I’m about to move into a condo that is owned by my parents. Do I need to buy homeowners insurance or renters insurance?” The answer here is often that you need condo insurance.
- Flood insurance coverage. According to FEMA, flooding is the most common and costly natural disaster in the United States.
- Homeowners insurance coverage. Homeowners insurance coverage protects your home in the event that an incident were to occur. Homeowners insurance will cover losses and any damages to your home that may occur. Documenting damage for homeowners insurance claims will help the process go faster.
- Landlord/dwelling fire insurance coverage. Landlord/dwelling fire insurance coverage minimizes the risk for landlords. This type of insurance protects a landlord’s property from damages that can occur as it is being rented out. It can also cover damages from a fire that has taken place in your home.
- Renters insurance coverage. Renters insurance coverage is for customers that are currently renting or leasing. This type of coverage would keep your personal belongings safe if a fire, water damage, or any other disaster were to occur in your home.
- Optional endorsement coverage. Optional endorsement coverage is when an update has been made on your insurance policy that can change your coverage. An endorsement, or a rider, can be anything from a kitchen appliance to an antique watch or bracelet.
No matter which option you go with, there are options to cover a variety of housing options. One exception is for mobile homes. Unfortunately, Homeowners of America currently does not offer insurance policies for mobile homes.
What insurance products do Homeowners of America offer?
Homeowners of American insurance have multiple insurance options for their customers. Different coverage options are available within each offered product, allowing customization of the policies.
Coverage Options
- Dwelling coverage. Protects damage to your home’s physical structure in the event of a covered cause of loss
- Other structures. Help protect covered damages to structures on your property that are set apart from the dwelling by clear space
- Personal property. Protects personal items in your home that may become damaged due to a covered cause of loss
- Loss of use. Helps cover the cost of additional living expenses if you move out of the home temporarily during the repair process
- Liability. Protects in the event a claim is made or a lawsuit is filed, claiming you or a member of your household is responsible for others’ injuries or property
- Medical payments. Helps pay for others’ injuries you or a member of your household are responsible for
- Additional living expenses. Helps cover the cost of additional living expenses if you move out of the home temporarily during the repair process
- Property coverage. Protects the personal items in your home that may be damaged due to a covered cause of loss, such as appliances, dishes, electronics, clothing, and other valuables
- Loss of rents/Fair rental value. Provides coverage to help with lost rental income should your property become uninhabitable due to a covered loss and your tenants have to move out
- Equipment breakdown. Helps protect you from costly equipment breakdowns of many items such as kitchen appliances, hot tub and pool equipment, air conditioning systems, and water heaters
- Inland flood. This endorsement is designed specifically for residents in low-to-moderate flood risk areas and offers flood coverage for the residence, other structures, and personal property
- Replacement cost on personal property. Modifies your loss settlement on contents to a replacement cost basis which means you’ll receive the total amount to replace the item instead of only receiving the current value
- Increased limit on jewelry/watches. Itemizes special limits of liability for different categories of valuables and provides basic coverage for each category, gems, watches, jewelry, or furs
- Refrigerated personal property. Covers property that is stored in a freezer or refrigerator on your insured property
- Pet coverage. Covers kenneling of your dog or cat and veterinarian charges or burial expenses if your pet is injured or killed as a result of the damage to your home
- Service line. Provides coverage for underground piping and wiring that fails due to a leak, break, tear, rupture, collapse, or arcing
- Mortgage extra expenses. Provides reimbursement for increased monthly mortgage expense associated with a total loss of your residence
Although HOAIC has an extensive list of coverage options, each option isn’t available with each plan.
What HOAIC coverage options are available with each plan?
Homeowners’ insurance comes with the following coverages: dwelling, other structures, personal property, loss of use, liability, and medical payments.
Personal property, additional living expenses, liability, and medical payments coverages are with renters insurance through Homeowners of America insurance company.
With having a condominium, you most likely carry a “master policy” to ensure the building itself, common areas, and association liability. Condominium insurance comes with property coverage, loss of use, liability, and medical payments to cover what is inside your unit,
Landlord and Dwelling Fire insurance comes with the same coverages as a condominium and also provides loss of rents and fair rental value coverage but does not come with property coverage.
Flood insurance doesn’t usually come in a standard homeowners insurance policy, but it is offered through Homeowners of America insurance.
Lastly, coverage options can be chosen through optional endorsements that HOAIC offers, such as equipment breakdown, inland flood, personal property replacement cost, increased limits on jewelry/watches, refrigerated personal property, pet coverage, service line coverage, and extra mortgage expense.
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Homeowners Choice Property And Casualty Insurance Rates Breakdown
Homeowners of America has only been in business since 2005, so it has not yet been rated by A.M. Best. However, since the company is relatively new, there is no J.D. Power rating available for the company. HOAIC also received an A rating from Demotech, Inc. for financial stability.
Demotech, Inc. is an Ohio-based consulting firm that provides ratings assessing the financial stability of an insurance company. The Homeowners of America Demotech rating is one of the first the company has received since it opened its doors in 2005.
The Better Business Bureau (BBB) rated Homeowners of America insurance an A+. This rating was not calculated based on any of the company reviews or customer complaints.
Homeowners Choice Property And Casualty Discounts Available
Homeowners of America does offer discounts on its insurance policies. However, the discounts available are not made available to the public. If HOAIC is anything like other home insurance companies, they should offer discounts for new homeowners, or provide safety discounts for homes that have smoke detectors or fire alarms.
Once you have spoken with an insurance agent, they should be able to tell you which discounts your account may be eligible for.
How to File a Claim
According to the Insurance Information Institute (III), about one in 20 insured homes has a claim each year. Keeping this in mind, you will probably want to make sure your policy of choice has a simple method in place for filing claims.
At Homeowners of America, policyholders can file a claim with the company 24 hours a day, seven days a week. There are three major ways a claim can be filed:
- Call and speak with an agent. The Homeowners of America insurance phone number is available for policyholders needing assistance. Does your insurance agent have your best interests in mind? They always should, but make sure you switch to a different agent if you feel they don’t.
- Fill out the online submission form on the website.
- Send an email to [email protected].
An agent will respond within 24 hours with further information. The Homeowners of America insurance company rating reflects their commitment to customer service, and many Homeowners of America reviews highlight their efficient claims process. When choosing an insurance provider, it’s essential to consider various ratings and reviews.
Homeowners of America’s AM Best rating and Demotech Homeowners of America rating provide insight into their financial stability. Additionally, the Homeowners of America BBB rating can offer information about customer satisfaction.
If you need to visit or contact them, the Homeowners of America address is listed on their website. However, be cautious and aware of any reports of defrauded homeowners of America.
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How to File a Claim With Homeowners of America
Filing a claim with Homeowners of America is straightforward and designed to provide prompt assistance to policyholders. Here’s how you can manage your Homeowners of America claims effectively:
Contacting Homeowners of America for Claims
To file a claim, you can reach out to the Homeowners of America claims phone number. The customer service team is available 24/7 to assist you with your claim. For quick access, keep the homeowners of America claims number handy, which you can find on your policy documents or the company’s website.
Online and Mobile Claims
Homeowners of America home insurance offers digital solutions for filing claims. You can log in to your online account or use the mobile app to submit a claim. This method ensures you receive timely updates on the status of your claim and allows for easy communication with claims adjusters.
What to Expect During the Claims Process
When you file a claim with Homeowners of America Ins co, you can expect a streamlined process aimed at resolving your issue efficiently. The company’s commitment to customer service is reflected in many Homeowners Insurance of America reviews, which highlight the ease and speed of the claims process.
Understanding Your Coverage
Before filing a claim, it’s important to review your homeowners of America home insurance policy to understand the coverage limits and exclusions. This will help you know what to expect and ensure you have all the necessary information ready when you contact the Homeowners of America claims phone number.
Getting a Homeowners of America Home Insurance Quote
If you’re considering switching to Homeowners of America or are a new homeowner, obtaining a Homeowners of America home insurance quote is a crucial step. This will provide you with an estimate of your premium and help you compare it with other American homeowners insurance providers.
Customer Reviews and Ratings
Homeowners of America home insurance review and Homeowners Insurance of America reviews often praise the company for its comprehensive coverage options and responsive customer service. However, it’s always a good idea to read multiple reviews and compare Home Insurance of America with other American homeowner insurance options to find the best fit for your needs.
Homeowners of America ins co provides robust support for filing claims, whether through direct contact or digital platforms. Their dedicated claims service, combined with positive Homeowners Insurance of America reviews, makes them a reliable choice for American homeowners insurance.
Homeowners of America Insurance Company Digital and Technological Features
Mobile App Features and Functionality
Homeowners of America Insurance offers a mobile app with a range of features and functionality to enhance the policyholder experience. The app allows users to access their insurance policies, make payments, file claims, and receive updates on the status of their claims. It provides a convenient and user-friendly platform for managing insurance-related tasks on the go.
Online Account Management Capabilities
Policyholders can take advantage of Homeowners of America Insurance’s robust online account management capabilities. Through the company’s website, users can log in to their accounts to view policy details, make policy changes, update personal information, and access important documents. The online portal streamlines policy management, making it easy for customers to stay informed and in control.
Digital Tools and Resources
In addition to the mobile app and online account management, Homeowners of America Insurance offers a variety of digital tools and resources to assist policyholders. These resources may include educational materials, FAQs, and online calculators to help customers make informed decisions about their coverage options.
The company’s commitment to providing digital support demonstrates its dedication to serving the evolving needs of policyholders in today’s digital age.
How Homeowners Choice Property And Casualty Ranks Among Providers
Homeowners of America Insurance’s competitors. Company standings, market dynamics, and competition can evolve over time. However, I can provide you with general considerations for identifying and discussing competitors in the insurance industry.
- Major Insurance Carriers: Homeowners of America Insurance is likely to face competition from well-established insurance giants that offer a wide range of insurance products. This includes companies such as State Farm, Allstate, and GEICO, which are known for their extensive coverage options and nationwide presence.
- Regional Competitors: Depending on the geographic focus of Homeowners of America Insurance, regional or local carriers might pose significant competition. These companies may have a strong understanding of local risks and customer needs, giving them a competitive edge in specific markets.
- Niche Insurers: Some competitors may specialize in niche markets or specific types of coverage. For instance, companies focusing solely on home insurance, auto insurance, or high-risk coverage might compete with Homeowners of America in specific segments.
- Online Insurtech Startups: The rise of insurtech startups introduces a new dimension of competition. Companies leveraging technology to streamline processes, offer personalized policies, and enhance the customer experience may pose a challenge, especially to traditional insurers.
- Customer Satisfaction Leaders: Competitors known for high levels of customer satisfaction may attract customers away from Homeowners of America Insurance. Monitoring industry ratings, reviews, and customer feedback can provide insights into the competitive landscape.
To obtain the most accurate and current information on Homeowners of America Insurance’s competitors, it is recommended to check recent industry reports, market analyses, and news updates
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Does Homeowners of America have good reviews?
The Homeowners of America insurance review highlights mixed feedback. Homeowners of America BBB homeowners insurance reviews provide insights into the company’s operations. In the past three years, around 21 complaints have been filed on their BBB profile, primarily concerning the claims process.
Homeowners of America Irving TX is known for its attractive and low insurance rates, which is generally why policyholders decide to do business with the company. However, regarding homeowners of America insurance rating, policyholders often express dissatisfaction with the claims service.
Common desired outcomes from policyholders include responses like “respond to our claim request,” “I want my money back,” “repair,” and “fix the issue.” For more information, you can contact the Homeowners of America’s phone number on their website. Additionally, you can get a Homeowners of America quote online or check the Homeowners of America news for the latest updates.
If you’re a policyholder, use the Homeowners of America login for account access. Use the Homeowners of America insurance company phone number listed on their site for direct assistance.
Frequently Asked Questions
What is Homeowners of America (HOAIC)?
Homeowners of America, also known as HOAIC, is an insurance company that provides home insurance policies in 14 states in the United States. The company was founded in 2005 and offers six different insurance policies to cover a variety of housing options, except for mobile homes.
What factors can affect my Homeowners of America insurance rate?
Your insurance rate may be affected by several factors, such as the type of coverage you need, the location of your property, the age of your home, your claims history, your credit score, and more.
How can I make a payment on my Homeowners of America insurance policy?
You can make a payment on your policy online through the HOAIC website, or you can call their customer service line to make a payment over the phone.
Can I customize my Homeowners of America insurance policy?
Yes, Homeowners of America offers customizable insurance policies to fit the specific needs of each individual policyholder. You can choose from different coverage options and add-ons to create a policy that works for you.
Does Homeowners of America offer flood insurance?
Yes, Homeowners of America offers flood insurance as an optional add-on to its homeowners insurance policies.
How can I cancel my Homeowners of America insurance policy?
To cancel your Homeowners of America insurance policy, you can call their customer service line or contact your agent directly. Be sure to have your policy number and other relevant information on hand.
What is the best homeowners insurance?
Determining the best homeowners insurance can vary depending on individual needs and preferences. Factors to consider include coverage options, pricing, customer service, and financial stability of the insurance company. It’s essential to compare quotes and research reviews from multiple insurers to find the best fit for your specific situation.
Who owns Homeowners of America insurance?
Homeowners of America Insurance Company (HOAIC) is owned by its policyholders. As a mutual insurance company, it is operated for the benefit of its members, who are also its policyholders. This structure allows HOAIC to prioritize the needs and interests of its policyholders when making decisions.
Is Homeowners of America a good insurance company?
Homeowners of America Insurance Company (HOAIC) has received positive reviews and ratings for its coverage options, competitive rates, and customer service. However, the perception of whether it is a good insurance company can vary based on individual experiences and needs. It’s advisable to research and compare multiple insurance companies to determine if HOAIC aligns with your expectations and requirements.
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Scott W. Johnson
Licensed Insurance Agent
Scott W Johnson is an independent insurance agent in California. Principal Broker and founder of Marindependent Insurance Services, Scott brings over 25 years of experience to his clients. His Five President’s Council awards prove he uses all he learned at Avocet, Sprint Nextel, and Farmers Insurance to the benefit of his clients. Scott quickly grasped the unique insurance requirements of his...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.