Does AIG Offer Homeowners Insurance
AIG homeowners insurance is offered in a wide variety of plans best suited to fit your individual needs. Their policies are mainly designed to protect high-value homes, and the coverage is comprehensive. AIG is great for those who own multiple homes. They even extend coverage to properties located abroad through their homeowners insurance plans. As a homeowner, it is important to know what is covered with your homeowners insurance plan. Homeowners insurance will protect your landscaping, fragile items, dwelling, and even cover damage caused by domestic pets. Most insurance companies do not choose to take on clients who live in high-risk areas, such as the coast or the mountains. AIG understands that these properties have more risks involved, yet insures them with confidence. They know that some of the most breathtaking homes happen to be located in difficult to insure areas. For the coverage you select to protect your dwelling, AIG works with you to put precise limits in place so you are not left feeling worried about any hazards that come your way.
AIG Homeowners Insurance Review and Costs
To purchase an AIG homeowners insurance policy, you can apply directly on their website. Using an online form for digital services or by calling their telephone number, AIG has licensed agents who will walk you through the steps necessary to obtain a policy for your home. According to Everquote’s AIG homeowners insurance review, the company is notably good with customer service inquiries. Most customers rate their services four out of five stars, giving them a good satisfaction rating. 58% of customers state they would choose AIG again in the future for their insurance needs. While you must contact the company directly to get accurate information on the AIG homeowners insurance cost, it is known that they offer many discounts. They will give you credit for owning a new or renovated home and for not having any insurance claims made in the last five years. Using estimates, the average AIG homeowners insurance price is about $3,564 annually. AIG maintains an A- Better Business Bureau rating, though they are not BBB accredited.
| AIG Homeowners Insurance High-Level Review | By the Numbers |
|---|---|
| BBB rating for AIG Homeowners Insurance | A+ |
| AIG Renters Insurance JD Power Rating | 4/5 |
| Avg. Cost for AIG Homeowners Insurance Yearly | $2,851.20 |
| Avg. Cost for AIG Homeowners Insurance Per Month | $237.60 |
AIG Howeowners Insurance Coverage
Before selecting a policy, you need to know what AIG homeowners insurance covers. Like any other homeowners insurance plan, your policy will cover three main aspects of your home: the outside dwelling, your personal belongings, and your personal liability (if someone is injured while inside your home). Some other coverage includes damage to other structures, like a garage or shed and additional living expenses. These become applicable if you cannot live in your home while it is being repaired. A great feature that AIG offers is the option to accept a cash settlement if your home is declared a total loss. This is different because most other companies will only offer to rebuild the home on site. For homes that qualify, AIG offers complementary protection from hurricanes and wildfires. These are features that do not normally come on standard homeowners insurance policies. Some additional perks you can expect to receive with an AIG homeowners insurance policy are personal firefighter services and high deductible offers. Choosing AIG means knowing you have many coverage options.
Many people must know, does AIG homeowners insurance cover flood damage? Living in an area that is prone to flooding, it is wise to research this topic carefully. No homeowners insurance policy will protect your home from flooding caused due to weather. This is a separate policy that must be purchased under the National Flood Insurance Program through FEMA. The question if AIG homeowners insurance covers water damage holds a different answer—if the water damage is caused by a burst pipe in your home, your insurance plan will cover it. With this kind of damage raises your risk of mold. Does AIG homeowners insurance cover mold damage? The answer is not straightforward, but there are some instances when it will be covered. If the mold is caused by a “covered peril” on your policy, then the damage will be covered. Some examples of standard perils on homeowners policies include: fire, lightning, theft, falling objects, weight of ice or snow, and accidental discharge of water or steam from plumbing or heating systems in the home.
How Much is AIG Homeowners Insurance Near You
Before you make the purchase, you need to ensure that the policy is within your budget. This is why it is important to figure out how much homeowners insurance is through AIG. As mentioned, the average annual rate you can expect to pay for a policy is around $3,564 annually. You can expect to pay the most for an AIG homeowners insurance policy in Louisiana because of the coastal risks involved. The cheapest state for AIG homeowners insurance is Oregon. The cost of living is not steep, and there are minimal weather-related risks involved.
Get a AIG Homeowners and Auto Insurance Discount
AIG only sells their homeowners policies with companion policies, meaning you have to create a bundle anyway. When you bundle auto and homeowners insurance with AIG, you do receive a multi-policy discount of around 30%. This is one of the many discounts offered by the company, and it makes sense to take advantage of the AIG homeowners insurance discount by also getting a comprehensive auto policy. When you have multiple policies under one carrier, it also helps you keep track of them more easily. You won’t have to worry about accidentally missing a payment or not knowing who to get a hold of to talk about both of your policies. Many people bundle their homeowners and auto insurance because they already trust the company, and this is no different for AIG customers. Given their reputable and long-term history, their clients feel confident in their ability to handle both. Another great advantage of bundling is that the insurer is less likely to drop you as a client if you have to file a claim. Seeing as you have more than one policy, they will still consider you a valuable asset. Many other companies would drop you if you filed a big claim.
Costs of AIG Homeowners Insurance Compared with Competitors
Now that you are aware of the average AIG homeowners insurance cost, you can compare it to some of the top competitors. Progressive offers homeowners insurance at around $2,044 annually. They have a rating of A+ on the BBB, and customers give the company three out of five stars. An Allstate homeowners insurance policy will likely run you around $1,450 annually. Their rating is also A+ on the BBB, and they maintain a customer rating of three out of five stars as well. Liberty Mutual offers homeowners insurance around $3,041 with a BBB rating of A+—they maintain their status as a BBB accredited business, which is a perk. Customers give them four out of five stars. While you compare these insurers, keep in mind that AIG offers what is known as high-value homeowners insurance. This means they usually insure homes that are worth more and that are located in higher-risk locations.
Reaching Out to AIG Homeowners Insurance
Given the event that you must file an AIG homeowners insurance claim, the process is simple for customers. It is never great when something goes wrong, but that is what your insurance policy is in place to cover. If damage has been done to your home, you experience theft of personal property, or if someone gets hurt on the premises, these are all reasons why you would need to file a claim. Your home might not be livable temporarily, so you would need to file a claim to get your additional living expenses paid. You can either file your claim on their website using their centralized portal, or you can handle the claim over the phone by speaking to a representative. If you need to file a claim, make sure you have your policy number handy and all other pertinent details about the claim. Photos are always going to be helpful if there is visible damage involved. Below are some resources you can use to get in touch with someone who can help.
There are many reasons why you might cancel your AIG homeowners insurance policy. Whether you found a better rate elsewhere or you do not like the customer service aspects, it is important to understand how to cancel an AIG homeowners insurance policy. Call your agent, or you can call the AIG customer service number directly. They will walk you through the necessary steps and inform you of any prorated fees that will be returned to you if you paid in full. How to cancel your AIG homeowners insurance policy does not need to be difficult, nor do you have to explain a complex reason to them. You can simply cancel the policy because you do not like it, but you must be aware of any implications that can create on your end. Speaking to a representative will give you a better understanding of all that entails. Many people prefer to cancel their policy online, and knowing how to cancel your AIG homeowners insurance online is just as simple as going to their website.
Deciding on Whether AIG is Right for Your Home
Once you obtain an AIG homeowners insurance quote, you should be able to determine if it is going to be the right fit for your home. With your quote, you will be able to compare prices with other insurers and review coverage options. Seeing everything on paper will give you a tangible way to make the most informed decision for you and your home. You might need to make a pros and cons list to better help you understand all of the features that come with an AIG homeowners insurance policy. This might make the decision easier for you while you are comparing rates. It is normal to get a few quotes from other companies to see what the competition looks like. Make sure you have the coverage levels set to the same amounts so you can make a fair comparison. Choosing a homeowners insurance company is a big decision because your home is one of your largest assets, but it does not need to be a stressful experience.
