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AIG home insurance review

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Get home insurance designed for high-value homes and wealthy homeowners.

  • Get a quote if you have a high-value home and need extensive coverage.
  • Pick something else if you don’t want to bundle your home and auto.
  • Homeowners who live in a secured community can get extra discounts.

All 50 states

Available states

24/7 claims

Online quotes

Details

Pros

  • Comprehensive coverage options
  • Personalized natural disaster services
  • Deductible waivers after large losses
  • Cash settlement option up to policy limits

Cons

  • No online quoting
  • Questionable claims service
  • Must bundle your auto
New home discount discount Yes
New homeowner discount No
Home safety features discount Yes
New policy discount No
Bundling discount Yes
No claims discount No
Other discounts
Personal property coverage Yes
Valuable personal property No
Theft coverage No
Fire coverage No
Flood coverage No
Identity theft coverage Yes
Homesharing No
Dwelling coverage Yes

Expert review

Andrew Flueckiger

Review by


Andrew Flueckiger is a licensed insurance agent and Certified Insurance Counselor with experience in insurance and finance. A graduate of Indiana University, Andrew contributes a wealth of knowledge and experience to Finder. When Andrew isn’t writing, reading or practicing insurance, he can be found spending time with his family and playing the guitar.

Expert review

AIG’s home insurance program might be a great fit if you’re wealthy or have a high valued home. It’s extensive coverage options provide high limits and services not found in most home insurance products. And if you live in a wildfire or hurricane area, it’s natural disaster add-on service could be worth the higher premium.

However, its claim service has negative reviews for such a high value program, which might be cause for concern. But if you have an expensive home and want to be sure it’s adequately protected, AIG might be worth checking out, especially if you can find an agent you trust.

If you’re not sold on AIG and want to review your options, you can check out and compare other home insurance companies to find a better fit.

What home insurance coverage does AIG offer?

AIG’s home insurance policy is designed to cater to high-priced homes and wealthy homeowners. Its base policy includes expanded coverage and services that aren’t typically included in a standard home insurance policy.

  • Dwelling and contents. The heart of your policy covers your house, other structures and contents from sudden and accidental loss.
  • Personal liability. AIG provides its own attorneys and covers defense costs if you’re sued for negligence. For example, if a tree on your property falls on your neighbor’s roof and they claim it’s due to you not trimming it up, you’ll have legal help to prove it wasn’t your fault.
  • Loss of use. If you can’t live in your home due to a covered loss, this policy will pay for you to live in a similar quality home until yours is rebuilt. You’ll receive the full cost of your expenses, without a capped limit.
  • Extended replacement cost. Homeowners in Florida, Hawaii and South Carolina receive an additional 50% of the home coverage limit if it costs more to rebuild than you have on your policy limits. In California, you can get double your coverage amount.
  • Guaranteed replacement cost. In all other states, you’ll receive guaranteed replacement cost, which means you’ll receive the full cost to rebuild your home, without capping it at a percentage.
  • High deductible. AIG permits deductibles up to $100,000, which is much higher than a standard home insurance policy.
  • Cash settlement option. If you decide not to rebuild your home after a total loss, you can opt to receive your full policy limit in cash. Typically you’d only receive the market value of your house in cash.
  • Water backup. Unlimited coverage with no deductible if your sump pump fails or you have water damage from a ruptured pipe.
  • Expanded landscaping coverage. Provides either 5% of your home coverage to repair landscape after damages including $5,000 for any one tree, which is higher than a standard home insurance policy.
  • Expanded business property coverage. Receive up to $25,000 for business property that you own or rent, which is much higher than standard home insurance policies.

Add-ons and perks

  • Green rebuilding. If you decide to rebuild your home after a loss and want to use environmentally-friendly building materials, this option covers the additional green material cost.
  • Deductible waiver. If you choose a deductible that’s $25,000 or less, it’ll be waived if your loss is greater than $50,000.
  • Architectural legacy service. If you have a legacy home built before 1945, AIG provides a consultation service for how to properly insure it, so it can be rebuilt exactly as-is after a loss.
  • Guest and domestic staff coverage. This provides coverage for your guest or domestic staff if they have property damage in a loss.
  • Disaster prevention service. If you live in a wildfire or hurricane prone area, AIG provides complimentary loss prevention services, such as a personal firefighting crew.

What home insurance discounts can I get?

AIG’s home insurance policy comes with discounts you can use to help lower your premium.

  • Multiple policy discount. Receive a premium reduction when you have more than one policy with AIG, such as your auto and personal umbrella. AIG doesn’t offer a standalone homeowners policy, so this discount should apply to all AIG home insurance clients.
  • New home discount. If your home is less than 10 years old you can receive up to a 10% discount.
  • Home update discount. If your home doesn’t qualify for the new home discount, you can still receive up to a 10% discount if the heating, plumbing and electrical systems have all been updated in the past 10 years.
  • Security system discount. Protecting your home with a central alarm security system will give you up to a 5% discount.
  • Superior protection discount. If your security system includes added protection like a security guard, perimeter gate, full-time caretaker, or permanent power generator, you could receive an additional 10% discount.
  • Interior sprinkler discount. If your home has a complete interior sprinkler system installed, you can receive a 10% discount. If there’s a partial sprinkler system installed you can get a 5% discount.
  • Gated community discount. If your home is located in a gated or guarded community then you’ll be eligible for this discount.

Pros and cons of AIG

Pros

  • Extensive coverage. AIG’s coverage options provide comprehensive insurance for high net-worth individuals and families. This includes extra coverage, perks and enhancements that aren’t typically found in a home policy, such as coverage for guests and domestic staff and unlimited water backup coverage.
  • Complimentary firefighting and hurricane services. If you live in a wildfire or hurricane-prone region, AIG’s home policy provides proactive loss and prevention services. This personalized natural disaster service could make a difference in saving your home from a wildfire or hurricane.
  • Flexible deductible options. Choose a deductible as high as $100,000, to save on your premium if you intend to pay for claims out of pocket. You’ll also have the option to add having your deductible waived if your loss is over $50,000, or you carry a lower deductible of less than $25,000.

Cons

  • No online quoting. If you want to get an idea of what this policy will cost, you won’t be able to do it online. You’ll have to contact an AIG agent to get a quote.
  • Must bundle your auto. You’ll have to move your auto to AIG in order to have your home insured with AIG. While you might get a better deal on your home insurance, it’s also possible you’ll end up paying more on your auto insurance.
  • Spotty claims reviews. AIG has poor claims reviews for its home insurance on sites such as J.D. Power, receiving a 2 out of 5 star rating for claims. The enhanced coverage options and high premium don’t seem to translate into an excellent claims service.

How to apply for AIG home insurance

You won’t be able to get a quote or apply for AIG home insurance online, but you can go to its website to get started.

  1. On the main page, select Premium Home and Auto from the product dropdown box.
  2. Click Get Started.
  3. Enter your contact information, including name, address, email and phone then click Request My Review.
  4. Your nearest AIG independent agent will contact you to review your information.

What info do I need to apply for home insurance with AIG?

After an AIG agent contacts you, you’ll need at least the following information to get a home insurance quote:

  • Date of birth
  • Marital status
  • Occupation
  • Prior insurance company
  • Prior claims
  • Value of your home
  • Age of home and updates
  • Square footage
  • Detached structures on your property

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