Frederick Mutual Insurance Company Review
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Christine Lacagnina has written thousands of insurance-based articles for TrustedChoice.com by authoring consumable, understandable content.
Our Frederick Mutual Insurance Company Score
5 Stars
We award Frederick Mutual Insurance Company an overall rating of 5 out of 5 stars. The insurance company has been around for nearly two centuries now, and its ratings prove the carrier has used that time to its benefit. FMIC has been awarded great ratings from both the BBB and Demotech, Inc., and is accredited by the BBB.
FMIC provides coverage in six states as well as Washington DC, and offers many options for individuals or small businesses. The carrier offers 24/7 claims reporting and multiple customer service contact options. In addition, the carrier breaks down its claims process in-depth on its official website.
Overall, we highly recommend looking into Frederick Mutual Insurance Company with the help of your independent insurance agent if you're located in an area where coverage is available.
FMIC Pros and Cons:
Pros:
- Long-standing carrier with nearly two centuries of experience in the insurance industry
- Offers several forms of coverage for individuals and businesses
- Coverage offered in multiple states
- "A" (exceptional) financial strength rating by Demotech, Inc.
- Excellent rating by the BBB
- BBB accredited
- Offers 24/7 claims reporting
Cons:
- Coverage not offered nationwide
- Difficult to find customer reviews
To find insurance in your state, use our national insurance company directory to find the best company to meet your needs. You can locate insurance companies that specialize in your specific coverage needs and get connected to an agent near you.
What Type of Insurance Does FMIC Offer?
Here's a list of many of the coverages that Frederick Mutual Insurance Company offers:
- Artisan contractor insurance
- Commercial property insurance
- Business income insurance
- Professional liability insurance
- Processing and service industry insurance
- Retail business insurance
- Wholesale and distributors insurance
- Umbrella insurance
- Apartment/townhome insurance
An independent insurance agent near you can help you determine if any of FMIC's many coverage offerings would best meet your personal or business needs.
What to Know about Frederick Mutual Insurance Company
Frederick Mutual Insurance Company (FMIC) was originally founded in Maryland in 1843, giving the carrier more than 178 years of experience in the insurance industry. Since then, FMIC has expanded its coverage territory to include five other states (PA, VA, DE, NC, and SC) and Washington DC.
FMIC provides many coverage options for small business owners and property owners. The carrier works primarily with independent insurance agents, who help provide a more comprehensive and personalized experience for prospective insurance customers and existing policyholders alike.
Thanks to its extensive history and coverage offerings, FMIC has earned high ratings from official entities. Demotech, Inc. has awarded Frederick Mutual Insurance Company an "A" or exceptional financial strength rating.
Demotech, Inc. is a leading financial analysis firm in the insurance industry. Demotech has been assigning Financial Stability ratings to various carriers in the insurance industry since 1985. The firm evaluates insurers based on the execution of their business models and their areas of focus rather than on their financial size.
Demotech was the first entity in the insurance industry to rate and review specialty and independent regional property and casualty insurers. Since its inception, Demotech has rated and reviewed 460 U.S. insurers. Demotech has been registered with the U.S. Securities and Exchange Commission since 2022 as a nationally recognized statistical rating organization for insurance companies.
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What Discounts Does FMIC Offer?
FMIC doesn't make information about its specific discounts readily available for customers. An independent insurance agent can help you find any specific discounts offered on any type of insurance available through FMIC.
FMIC Customer Service
Here's an overview of the customer service options that FMIC provides.
- Snail mail
- Local and toll-free customer service phone numbers
- Website contact form
- Social media
- Online claims reporting
- After-hours claims reporting hotline
| Hours (EST) | |||
| Monday-Friday | 8 am - 4:45 pm | ||
| Saturday | CLOSED | ||
| Sunday | CLOSED |
FMIC sells insurance primarily through independent insurance agents. These agents can also handle claims and other concerns for you, which can simplify customer service even further.
Frederick Mutual Insurance Company FAQ
Though FMIC offers 24/7 claims reporting through multiple mediums, the carrier does not state its average claims response time frame.
FMIC offers many customer service options, including snail mail, phone, online, and more. Customers can file claims any time of the week via phone or online.
FMIC breaks down its claims process as follows:
- File a claim online, through the carrier, or through your agent.
- Receive a call from an FMIC claims representative.
- Verify your claim information.
- Get assigned a claims number.
- FMIC adjuster schedules estimates, appraisals, etc.
FMIC customers can then check on the status of their claim at any time through the official website or with the help of their independent insurance agent.
FMIC's official website is excellent. Pages are laid out intuitively, allowing customers to easily find the information they seek. It provides many details about coverages, discounts, claims processing, and more. The carrier also has a social media presence, as well as 24/7 claims reporting options, increasing its user-friendliness even further.
With over a century and three-quarters of experience in the insurance industry, FMIC certainly has had a long history. The carrier has plenty to show for this time, too, including high ratings from Demotech and the BBB.
FMIC provides many types of coverage for personal or business customers, as well as discount options. With an excellent official website on top of everything else, FMIC can certainly be considered a good insurance company.
https://www.frederickmutual.com/
https://www.bbb.org/us/md/frederick/profile/insurance-companies/frederick-mutual-insurance-company-0011-90004648