Amica Insurance Company offers home, life and auto insurance as its main products, according to the company’s website. Other products include condo and renters insurance, as well as polices that provide retirement, marine and umbrella coverage. Also available are specialty, structured settlements and small business policies.
Life insurance includes products such as term life and whole life, states Amica. Term life is for people who would like to protect their income for a given period of time and help their families remain financially stable when they pass on. This does not provide lifetime coverage, but the rates and coverage costs are fixed throughout the period. A policy holder sometimes has the option of converting it to whole life coverage.
Whole life is for people who desire to protect their families for a lifetime. Premiums do not increase with time, and cash accumulates over time, explains Amica. The coverage amount does not drop with old age.
The homeowners policy protects a structure against unpredictable circumstances such as fire, smoke, theft and vandalism, states Amica. It includes other structures such as detached garages and sheds. It takes care of increased expenses after a disaster and temporary expenses, among other benefits. Comprehensive auto coverage protects a policyholder’s car, with a range of affordable deductibles. Platinum Choice policies offer benefits such as good driving rewards, full glass coverage, fraud monitoring, prestige rental coverage, and new car replacement coverage. Liability coverage and protection for passengers are also available.