Is Fireman’s Fund a good insurance company?
UPDATED: Nov 7, 2011
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Asked November 7, 2011
Fireman's Fund was founded in 1863, and the name is derived from the fact that the company contributed a portion of their proceeds to a fund for the widows and orphans of firefighters. That fund today is still used to purchase equipment and training in fire departments around the country. Fireman's insurance writes policies for home, life, and auto insurance as well as providing commercial coverage.
A.M. Best, one of the country's leading financial ratings companies, rates Fireman's Fund as "A" or excellent. This is one of the top 3 ratings available, and shows that the company is financially stable enough support long-term insurance needs as well providing a stable groundwork for investors.
Fireman's Fund is well-known for their community contributions, earning the company a respected reputation. In online surveys, Fireman's Fund is ranked with over a 30% customer approval rate, but it should be noted that online surveys are notorious for having more dissatisfied responders than happy ones, and Fireman's ranks much higher than many other companies.
Fireman's Fund ReviewsCompany Availability
Firemans Fund sells insurance in all 50 states plus the District of Columbia. No Fireman's Fund can travel with you. The company is represented by career, or dedicated company agents who are trained to identify a customer's needs and design coverage to suit them. Without being represented through independent agents, the company is limited in their local availability, but they have offices in most major cities.
The Bottom Line
Fireman's Fund is a well-established company with a strong community involvement. The company is well ranked with financial ratings companies and positively spoken of by past and current customers. Those seeking insurance policies can rest assured that Fireman's will be around for years to come and stock investors can depend on reliable growth of the long term.
Answered November 7, 2011 by Anonymous