Fact-checked with HomeInsurance.com
- Company Type: Public, NYSE: FOM
- Customer Service: 800-527-3905
- Founded: 1952
- Claims: 800-274-7865 (auto); 800-527-3907 (everything else)
- CEO: Jeff Dailey
- Headquarters: Grand Rapids, MI
- Employees: 14,000+
- A.M. Best Financial Stability Rating: A
About Foremost Insurance
Foremost Insurance might not be the first provider that comes to mind when you consider insurance providers. But perhaps you’ve heard of its parent – Farmers Insurance. Foremost is known for its specialty insurance products, but that doesn’t mean it isn’t also an option for those seeking home and/or auto coverage.
The company was founded by Edward J. Frey and Edward L. Stoddard in 1952 with a unique mission – to help the thousands of Americans who lived in mobile homes get insurance coverage. Today, more than 38,000 agents sell and service Foremost homeowners insurance and other policies.
Foremost Insurance Products
What products can you find with Foremost? Homeowners insurance, of course, as well as auto, boat, motor home, travel trailer, mobile home, commercial and other coverages. Within each type of protection, there are options as well so that you can customize a policy for your needs.
It also offers flood insurance, landlord and vacant house coverage and protection for motorcycles, off-road vehicles, golf carts, snowmobiles and much more.
Here’s where Foremost Insurance says it stands out. Insurance professionals are on hand 24/7 to when you need to file a claim. You can start the process online or, if you prefer, on the phone. In addition, when a disaster strikes, Foremost sends help by way of mobile claims centers.
In addition to helping with claims, these centers offer satellite communication and Internet access to help disaster victims get back on their feet quickly. The company prides itself on having best-in-class customer service.
Foremost Insurance Discounts, Benefits
Policyholders can expect savings from a variety of discounts. Foremost homeowners insurance discounts include price breaks for having other policies – such as auto or boat coverage – with the carrier. Discounts also are offer to policyholders who are 50 or older and who have superior insurance ‘scores.’
Auto insurance policyholders can get price breaks for setting up electronic funds transfers, covering more than one car, purchasing additional policies, having a good driving record and much more. Another benefit the company offers auto policyholders is what it calls its ‘Dynamite Deductible Endorsement,’ which decreases your deductible for policy renewals.
Here’s something you might not know about Foremost. Mobile home insurance was created by the company. It also worked with the Department of Housing and Urban Development to establish mobile home building codes.
But it’s not just a groundbreaker in the mobile home industry. Foremost Insurance also is recognized for its research on the landlord market.