Is Foremost Insurance Legit?: A Comprehensive Guide

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Foremost Insurance is a company that specializes in providing insurance for niche markets, such as mobile homes, motorcycles, boats, and collectibles.

It claims to offer flexible coverage options, superior claims service, and financial stability.

This article’s goal is to ascertain whether Foremost Insurance is a reputable business that its clients can rely on.

By the end of this article, you should have a clear idea of whether Foremost Insurance is a legitimate company or not.

Company Overview

Foremost Insurance is a company that specializes in providing insurance for niche markets, such as mobile homes, motorcycles, boats, and collectibles.

It claims to offer flexible coverage options, superior claims service, and financial stability.

Here is a brief overview of the company’s history and products:

  • John C. Tyler and Thomas E. Leavey established Foremost Insurance in 1952 because they wanted to provide insurance to mobile homeowners, a segment of the market that other insurers had disregarded. In 2000, Foremost Insurance became a part of the Farmers Insurance Group, one of the largest and most respected insurance companies in the United States. Farmers Insurance Group is a subsidiary of Zurich Insurance Group, a global insurance company based in Switzerland.
  • Foremost Insurance offers a wide range of insurance products, including homeowners, mobile homes, seasonal homes, landlords, renters, flood, auto, collectible auto, boat, motorcycle, scooter, off-road vehicle, snowmobile, golf cart, RV, and motor home insurance.
  • Foremost Insurance has excellent financial strength ratings from reputable agencies like AM Best and Standard & Poor’s. AM Best gives Foremost Insurance an A (excellent) rating, indicating that the company has a strong ability to meet its ongoing obligations to policyholders. Standard & Poor’s gives Foremost Insurance an A+ (Strong) rating, indicating that the company has a strong capacity to meet its financial commitments

Customer reviews

Customer reviews are an important source of feedback for any company, as they reflect the opinions and experiences of real customers.

Foremost Insurance, as a company that offers various types of insurance products, has received both positive and negative reviews from its customers.

Here is a summary of what customers are saying about Foremost Insurance:

  • On the positive side, some customers praise Foremost Insurance for its flexibility and coverage options, especially for niche markets like mobile homes, motorcycles, boats, and collectibles. They also appreciate the company’s financial strength and stability, as well as its affiliation with Farmers Insurance Group and Zurich Insurance Group. Some customers also report prompt and courteous claims service and assistance.
  • On the negative side, some customers complain about Foremost Insurance’s high premiums, mediocre customer service, and more customer complaints than the average insurance company’s size. They also criticize the company’s limited discounts and coverage options, as well as its pricing and claim handling. Some customers also experience difficulties getting a quote online, contacting the company, or canceling their policies.

Foremost Insurance coverage options

Foremost Insurance offers a wide range of insurance products, each with different coverage options to suit the needs and preferences of its customers.

Homeowners Insurance

Foremost Insurance offers homeowners insurance for standard homes, mobile homes, seasonal homes, landlord and rental homes, and vacant homes.

The coverage options include dwelling, personal property, liability, medical payments, loss of use, other structures, optional endorsements for identity fraud, water backup, replacement cost, and more.

Auto Insurance

Foremost Insurance offers auto insurance coverage for a variety of vehicles, including cars, trucks, SUVs, classic and collector cars, and off-road vehicles.

The coverage options include liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, towing and labor, rental reimbursement, optional endorsements for custom equipment, loan/lease gap, and more.

Boat and watercraft insurance

Foremost Insurance offers boat and watercraft insurance for a wide range of watercraft, including fishing boats, sailboats, pontoons, personal watercraft, and more.

The coverage options include hull, liability, medical payments, uninsured or underinsured boaters, personal effects, emergency assistance, optional endorsements for agreed value, replacement cost, fishing equipment, and more.

Motorcycle and scooter insurance

Foremost Insurance offers motorcycle and scooter insurance for a variety of bikes, including cruisers, sport bikes, touring bikes, trikes, scooters, and more.

The coverage options include liability, collision, comprehensive, medical payments, uninsured/underinsured motorist, accessory, transport trailer, roadside assistance, optional endorsements for safety apparel, trip interruption, total loss, and more.

RV and motor home insurance

Foremost Insurance offers RV and motor home insurance for a variety of recreational vehicles, including travel trailers, fifth-wheels, luxury motor coaches, and more.

The coverage options include liability, collision, comprehensive, medical payments, uninsured or underinsured motorists, personal effects, emergency expenses, optional endorsements for replacement costs, vacation liability, full-timers, and more.

Snowmobile Insurance

Foremost Insurance offers snowmobile insurance for a variety of snowmobiles, including trail, performance, utility, and touring snowmobiles.

The coverage options include liability, collision, comprehensive, medical payments, uninsured or underinsured motorist, accessory, transport trailer, optional endorsements for safety apparel, rental reimbursement, and more.

Flood Insurance

Foremost Insurance offers flood insurance for homeowners and renters who live in areas that are prone to flooding.

The coverage options include building, personal property, and optional endorsements for increased cost of compliance, basement improvements, and more.

Foremost Insurance claims process

Foremost Insurance’s claims process is designed to help customers restore their property and move forward after a loss.

The claims process consists of the following steps:

Filing a claim

Customers can file a claim online or by phone 24/7.

To file a claim online, customers need to have an account on the Foremost Insurance website and their policy number.

To file a claim by phone, customers can call 1-800-274-7865 for automobile claims or 1-800-527-3907 for all other claims.

Customers should also report theft losses to the police and take steps to protect their property from further damage.

Reporting a loss

Once a claim is filed, it is assigned to a claims professional, who will contact the customer to get information about the loss, explain the coverage, and schedule an in-person appointment if needed.

The claims professional will also inspect and document the damage, interview witnesses or others involved, and review photos or videos of the loss.

Evaluating and estimating

The claims professional will determine whether the loss is covered and for how much, based on the policy terms and the facts of the case.

The claims professional will also discuss the options for repair or replacement of the property and provide an estimate of the cost.

Resolving and settling

The claims professional will work with the customer to resolve the claim fairly and promptly, either by paying what the customer is owed or explaining why there is no payment on the claim.

The claims professional will also answer any questions or concerns the customer may have and provide updates on the status of the claim.

Closing the claim

Once the claim is resolved under the terms of the policy, the claim will be closed.

However, if the customer discovers additional expenses or damages, they can call the claims professional to reopen the claim and investigate.

Foremost Insurance customer service reviews

Foremost Insurance’s customer service is a crucial aspect of its business, as it affects the satisfaction and loyalty of its customers.

Based on online reviews and expert opinions, Foremost Insurance’s customer service can be evaluated as follows:

  • Availability: Foremost Insurance offers multiple customer service channels, including phone, email, online account, and mobile app. Customers can file or check on a claim, pay a bill, make a policy change, or ask a question through these channels. Foremost Insurance also has a network of local agents who can provide personalized service and advice. Foremost Insurance’s customer service is available 24/7 for claims, towing, and roadside assistance, and during business hours for other inquiries.
  • Responsiveness: Foremost Insurance claims to provide prompt and courteous service to its customers, but some online reviews suggest otherwise. Some customers complain that Foremost Insurance’s customer service is not very responsive, helpful, or friendly. However, some customers also report positive experiences with Foremost Insurance’s customer service, especially during claims.
  • Awards: Foremost Insurance’s customer service has received some recognition and accolades from industry experts and organizations. The company also has excellent financial strength ratings from reputable agencies like AM Best and Standard & Poor’s, indicating that the company has a strong ability to meet its obligations to its customers.

Overall, Foremost Insurance’s customer service can be considered mixed, with some strengths and weaknesses.

Foremost Insurance may be a good choice for customers who need insurance for niche markets or high-risk situations, but it may not be the best option for customers who are looking for the most affordable and comprehensive insurance solutions.

Foremost Insurance pros and cons

Pros Cons
long history and strong affiliation with Farmers Insurance Group and Zurich Insurance Group, two globally renowned insurance companies. high premiums, particularly for niche markets.
excellent financial strength ratings from AM Best and Standard & Poor’s, showcasing strong capability to fulfill customer obligations. limited discounts and coverage options.
a wide array of insurance products with diverse coverage options catering to customer preferences. Unique offerings for niche markets like mobile homes, motorcycles, boats, and collectibles Pricing issues, claims handling, and challenges in providing online quotes, contacting the company, or canceling policies
customer-centric and compassionate claims service with features like ServiceMaster Restore, Foremost Express, and Foremost Claims Learning Labs. Award-winning claims department for excellence in training and performance improvement. Mediocre customer service and higher complaint volume compared to similar-sized insurance companies

Conclusion

In this article, we have evaluated Foremost Insurance, a company that specializes in providing insurance for niche markets such as mobile homes, motorcycles, boats, and collectibles.

We have considered the following key factors:

Based on our evaluation, we can conclude that Foremost Insurance is a legitimate company that can be trusted by its customers.

It also has excellent financial strength ratings from reputable agencies like AM Best and Standard & Poor’s.

Foremost Insurance offers a wide range of insurance products, each with different coverage options to suit the needs and preferences of its customers.

Foremost Insurance also strives to provide a customer-centric and compassionate claims service by offering features like ServiceMaster Restore, Foremost Express, and Foremost Claims Learning Labs.

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