Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. By refinancing your mortgage, total finance charges may be higher over the life of the loan.
Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

Nearly twenty years ago, Spencer W. Tucker founded Homeowners of America Insurance Company (HOAIC). The following year HOAIC sold its first residential homeowners and dwelling fire policies in Texas, where the company continues to focus most of its efforts. HOAIC has since expanded to Virginia, Georgia, Arizona, North Carolina, and South Carolina.

Homeowners of America quotes home insurance competitively near the coast and helps homeowners that are looking for affordable coverage. The carrier has secured a total of 30 state licenses and will eventually begin expanding its offering across the US.

Here’s everything you need to know about Homeowners of America Insurance Company:

What’s protected with Homeowners Insurance of America?

The excellent news is HOAIC uses the same ISO standard form as the rest of the industry, so you can compare HOAIC side-by-side with the largest carriers in the market. You might find that they are a better-suited coverage option for you.

HOAIC offers the following products:

  • Texas: Residential Home, Condo, Dwelling Fire — landlord, secondary
  • Arizona: Residential Home
  • Georgia: Residential Home
  • North Carolina: Residential Home
  • South Carolina: Residential Home, Dwelling Fire — landlord, secondary
  • Virginia: Residential Home


Compare home insurance from top carriers

  • Fully digital experience — Fill out all of your insurance forms online, no phone call required!
  • Top-rated carriers — Choose from a mix of highly reputable national and regional home insurance carriers.
  • Data privacy — We don’t sell your information to third parties, and you won’t receive any spam phone calls from us.

Get Insurance Quotes Now

Homeowners of America details and reviews

Spencer Trucker guides the organization as President and Chief Executive Officer (CEO). It is rare to find an insurance carrier that remains under the same leadership since its inception over 20 years ago. This is one key advantage to HOAIC’s slow, steady progress in challenging coastal property markets.

In 2017, HOAIC published a newsletter confirming they had surpassed 124,000 policyholders, an increase of 6.5% on the year. The same HOAIC publication shared two innovative plans the insurer is developing:

  1. The carrier’s first advanced project is to develop loss mitigation devices for installation in customers’ homes. The device will sync with a policyholder’s smartphone. If a water leak is detected or the smoke detector is activated, then a text will be sent to the policyholder. A smart notification system can help reduce claim severity.
  2. HOAIC’s second state-of-the-art undertaking is to use drones for exterior home inspections. The home insurer believes using drones can expedite the inspection process while also improving safety measures for inspectors and claims adjusters.

Filing a claim with Homeowners of America

File a claim by:

  • Completing an online claims form
  • Emailing claims@hoaic.com
  • Calling the claims center: 866-407-9896

National Association of Insurance Commissioners (NAIC) assigned HOAIC a complaint ratio of 0.18, with the median complaint ratio of their peers being 1.12. The lower the complaint ratio, the better, so they are doing quite well on the claims side of the business.

In terms of the financial backing to pay claims, Demotech granted the carrier an A Exceptional financial stability rating.

Where is Homeowners of America insurance available?

Homeowners of America offers insurance in Arizona Georgia, North Carolina, South Carolina, Texas, and Virginia.

Final thoughts

Homeowners of America Insurance Company (HOAIC) is a property insurer that has slowly, steadily increased its presence among coastal states. Its long-standing leadership continues to work towards innovative solutions, exceptional customer service, and solid financial strength. Their claims complaint ratio is around the lowest in the industry.


Need home insurance?
The Credible marketplace, which includes insurance services by Young Alfred, makes it easy to find a carrier and policy that’s right for you.

  • Fully online — Fill out all insurance forms online and buy homeowners coverage without ever picking up the phone. If you have any questions, Young Alfred offers 24/7 customer service.
  • Save time, money, and effort — Compare quotes from highly rated home insurance carriers in your area. It’s fast and easy.
  • Data privacy — Your information is kept safe and secure. We don’t sell your information to third parties, and you won’t get any spam phone calls from us.

Get Insurance Quotes Now

Disclaimer: All insurance-related services are offered through Young Alfred.

About the author
Credible Staff
Credible Staff

The goal of the Credible editorial writers and staff is to help our readers get up to speed on issues surrounding student loans, mortgage, and personal finance, so you can make informed decisions. We’re here to help you stay on top of the latest news, trends, concepts, and changes in policy and regulations.

Read More