Monroe County Farmers Mutual Insurance Company (Tennessee); Contacts, Services, Financials, Claims, Reviews, Benefits

Monroe County Mutual Fire Insurance Company (Tennessee) is committed to providing excellent customer service.

It has a team of experienced agents who can help you find the right insurance products for your needs.

The company also offers a variety of online tools and resources to help you manage your insurance policies.

Monroe County Mutual Fire Insurance Company (Tennessee)

Established in 1895, Monroe County Mutual Fire Insurance Company, located in Madisonville, Tennessee, offers a range of insurance products to individuals and businesses in Monroe County and the surrounding area.

With over 125 years of service, the company has been a steadfast provider of insurance to the local community.

Mutual Ownership

As a mutual insurance company, Monroe County Mutual Fire is unique in that it is owned by its policyholders.

This ownership structure empowers policyholders with a voice in the company’s operations, ensuring a focus on delivering affordable and high-quality insurance products to its customers.

Contact Information

• Address: 100 N Main St, Madisonville, TN 37757
• Phone: (615) 473-2161
• Website: https://monroecountyfarmersmutual.com/services/

Services and Products

The company offers a wide range of insurance products, including:

• Homeowners insurance
• Auto insurance
• Life insurance
• Business insurance
• Farm insurance

Financial Strength

Here are some of the financial highlights of Monroe County Mutual Fire Insurance Company (Tennessee):

• The company’s total assets were $58.1 million as of December 31, 2022.
• The company’s net income was $2.4 million in 2022.
• The company had a loss ratio of 53.8% in 2022.
• The company had a combined ratio of 98.8% in 2022.
• The company’s policyholder surplus was $22.4 million as of December 31, 2022.

These figures are for the year 2022 and are based on the company’s annual statement filed with the Tennessee Department of Commerce and Insurance.

Claims Processing and Cancellations

Here are some claims, cancellations, and reviews for Monroe County Farmers Mutual Insurance Company:

Claims Handling

• In 2021, the company received 270 claims, totaling $1,001,656.
• The company’s claims settlement ratio was 95% in 2021.
• The company’s average claim processing time was 21 days in 2021.

These figures are based on the company’s annual statement filed with the Tennessee Department of Commerce and Insurance.

Cancellations with Monroe County Farmers Mutual Insurance Company (Tennessee)

• The company’s cancellation rate was 1.2% in 2021.
• The company’s non-renewal rate was 0.4% in 2021.

These figures are based on the company’s annual statement filed with the Tennessee Department of Commerce and Insurance.

Customer Reviews

• Monroe County Farmers Mutual Insurance Company has an average rating of 4.5 out of 5 stars on Google.
• The company’s customer satisfaction rating is 97%.

It is important to note that these figures are for the year 2021 and are subject to change.

Additionally, it is important to compare rates and coverage from multiple companies before making a decision about which insurance company to use.

Community Involvement and CSR

Monroe County Farmers Mutual Insurance Company is a strong supporter of the local community. They actively participate in community events and support local organizations.

This commitment to the community further demonstrates their dedication to serving their policyholders and their commitment to the well-being of the local area.