Horace Mann Property and Casualty Insurance Company, a subsidiary of Horace Mann Educators Corporation, specializes in offering insurance and financial solutions tailored to the needs of teachers and educators in the United States.
Established in 1945 by two educators with a vision, the company provides various products and services including auto, home, renters, life, and supplemental insurance.
Additionally, they offer retirement annuities and student loan solutions, demonstrating their commitment to serving the educational community.
In this article, we will review the company’s history, financial details, products and services, customer and media reviews, benefits, and how to join them.
Who is Horace Mann Property and Casualty Insurance Company?
Horace Mann is one of the four insurance subsidiaries of Horace Mann Educators Corporation, along with Horace Mann Life Insurance Company, Horace Mann Lloyds, and Teachers Insurance Company.
The company is licensed to operate in 48 states and the District of Columbia.
The company’s headquarters are located in Springfield, Illinois.
The company’s name is derived from Horace Mann, a 19th-century American educator and reformer who is considered the father of public education in the United States
Table of Contacts about Horace Mann Property and Casualty Insurance Company
| Contact Type | Contact Information |
|---|---|
| Phone Number | 217-789-2500 |
| Email Address | service@horacemann.com |
| Mailing Address | 1 Horace Mann Plaza, Springfield, IL 62715 |
| Website | www.horacemann.com |
Table of Summary of Financial details about Horace Mann Property and Casualty Insurance Company
| Financial Detail | Value |
|---|---|
| NAIC Number | 2275 |
| FEIN Number | 37-0696859 |
| Incorporation Date | July 17, 2009 |
| Total Assets | $1.6 billion (as of December 31, 2020) |
| Total Liabilities | $1.3 billion (as of December 31, 2020) |
| Net Income | $67.8 million (as of December 31, 2020) |
What are the services and products offered by Horace Mann Property and Casualty Insurance Company?
Horace Mann offers a variety of insurance products and services for teachers and educators.
Some of them are:
- Auto Insurance: The company provides coverage for bodily injury, property damage, medical payments, uninsured/underinsured motorists, collision, comprehensive, rental reimbursement, roadside assistance, gap coverage, new car replacement, accident forgiveness, vanishing deductible, educator advantage endorsement, etc.
- Home Insurance: The company provides coverage for the dwelling, personal property, liability, medical payments to others, loss of use, identity theft protection, scheduled personal property, replacement costs on contents, added perils for refrigerated food products, etc.
- Renters Insurance: The company provides coverage for personal property, liability, medical payments to others, loss of use, identity theft protection, scheduled personal property, replacement costs on contents, added perils for refrigerated food products, etc.
- Life Insurance: The company provides term life insurance, whole life insurance, universal life insurance, and accidental death and dismemberment insurance.
- Supplemental Insurance: The company provides disability income insurance, cancer insurance, hospital indemnity insurance, and critical illness insurance.
Table of mother Companies of Horace Mann Property and Casualty Insurance Company
| Mother Company | Relationship |
|---|---|
| Horace Mann Educators Corporation | Parent Company |
| Horace Mann Life Insurance Company | Affiliate |
| Horace Mann Lloyds | Affiliate |
| Teachers Insurance Company | Affiliate |
How to claim with Horace Mann Property and Casualty Insurance Company
If you have a claim with Horace Mann, you can follow these steps:
- Contact your agent or call the claims center at 800-999-1030.
- Provide your policy number, contact information, details of the incident, photos or documents if available.
- A claims representative will contact you to review your claim and guide you through the process.
- You can track your claim status online or by calling the claims center.
What are the customers and media reviews about Horace Mann Property and Casualty Insurance Company?
Horace Mann Property and Casualty Insurance Company’s reputation among customers and media outlets is a blend of both positive and negative feedback.
On the positive side, it receives acclaim for its customer service, educator-centric products, discounts, and efficient claims processing.
Conversely, some criticisms revolve around its rates, coverage choices, underwriting, and communication practices.
Here are some examples of customer and media reviews:
“Horace Mann is a great company for educators. They offer discounts and benefits that other companies don’t. They also have excellent customer service and claims handling. I have been with them for over 10 years and I am very satisfied.”
“Horace Mann is a rip-off. They charge way too much for their coverage and they don’t cover anything. They also have a lot of hidden fees and exclusions. They denied my claim for no reason and they never answer my calls or emails. I am switching to another company as soon as possible.”
“Horace Mann is a niche insurer that caters to educators and their families. The company offers a range of insurance products and services, as well as retirement and financial solutions. The company has a strong financial rating and a good reputation in the industry. However, the company may not be the best option for non-educators or those looking for more coverage options or lower rates.” – A media.
Rating of Horace Mann Property and Casualty Insurance Company
| Rating Agency | Rating | Outlook | Date |
|---|---|---|---|
| Fitch Ratings | A (Strong) | Stable | 14-Sep-2021 |
| Moody’s Investors Service | A2 (Good) | Stable | 17-Aug-2021 |
| A.M. Best | A (Excellent) | Stable | 10-Jun-2020 |
What are the benefits of Horace Mann Property and Casualty Insurance Company?
Horace Mann offers several benefits for teachers and educators who choose them as their insurance provider.
Some of these benefits are:
- Educator Advantage Endorsement: This is a free endorsement that provides extra coverage and benefits for auto and home insurance policies, such as liability coverage for school-related incidents, vandalism coverage for school property in your vehicle, waiver of deductible for school-related losses, etc.
- Educator Discount: This is a discount that applies to auto, home, renters, life, and supplemental insurance policies for eligible educators
- Student Loan Solutions: This is a service that helps educators reduce their student loan debt by providing free consultations, webinars, workshops, resources, and tools.
- DonorsChoose: This is a partnership that allows educators to create classroom project requests on DonorsChoose.org and receive funding from Horace Mann and other donors.
- Teacher Giveaways: This is a program that rewards educators with prizes such as gift cards, iPads, laptops, etc.
How to join Horace Mann Property and Casualty Insurance Company?
If you are interested in joining Horace Mann as a customer or an agent, you can follow these steps:
- As a customer: You can get a quote online or by calling 800-999-1030. You can also contact a local agent near you by using the agent locator tool on the website. You will need to provide some personal and vehicle information to get a quote. You can then compare the rates and coverage options and choose the policy that suits your needs.
- As an agent: You can apply online or by calling 877-272-0030. You will need to have a valid insurance license in your state and pass a background check. You will also need to complete some training and certification courses. You can then start selling Horace Mann products and services to educators in your area.
Table of Agents and Brokers of Horace Mann Company
| Agent/Broker Name | Location | Phone Number | Email Address |
|---|---|---|---|
| John Smith | New York, NY | 212-555-1234 | john.smith@horacemann.com |
| Jane Doe | Los Angeles, CA | 310-555-5678 | jane.doe@horacemann.com |
| Bob Jones | Chicago, IL | 312-555-9012 | bob.jones@horacemann.com |
Conclusion
Horace Mann specializes in offering insurance and financial solutions tailored to educators and teachers across the United States.
Their array of services includes auto, home, renters, life insurance, supplemental coverage, retirement annuities, and student loan solutions.
Additionally, they provide valuable benefits like educator endorsements, exclusive discounts, partnerships with organizations like Donors Choose, and teacher giveaways.
While customer and media reviews exhibit a mixed sentiment, Horace Mann stands as a viable choice for educators seeking personalized coverage and benefits from a specialized insurer.
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