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- Tue Oct 16, 2012 12:34 pm
- Forum: Personal Consumer Issues
- Topic: Amica Insurance - Dividend vs Non-Dividend
- Replies: 16
- Views: 19426
Re: Amica Insurance - Dividend vs Non-Dividend
We came across this discussion and thought we could offer some information that may be of assistance: As you’ve stated, the dividend option provides a lower total overall insurance cost with the benefit of a dividend at the end of the year. Once your policy expires, the dividend is paid to you. We do not take claims you've filed into consideration when paying the dividend, and while they are based on the company’s past performance and are not guaranteed, any changes to your dividend policy would be made upon renewal. While we offer dividend policies in many states, our dividend policies are not available in every state or for every line of business, which is why some customers may not receive dividend quotes. We hope this has been helpful t...