All about American Family Insurance

American Family Insurance has been in business for more than 80 years, and it operates in 19 states spanning from Washington to Ohio. With over $16 billion in assets and 3,500 independent contractor agents, American Family Insurance has the financial strength and local outreach required to provide comprehensive insurance services to its members. To learn more about American family Insurance and its offerings, read this article.

American Family Insurance: an overview

Origins American Family insurance began in 1927, when Herman Witter opened the Farmers Mutual Automobile Insurance Company. Over the years, it quickly expanded its range of services to include home, life, annuities, health, business, farm and ranch insurance. By 1963, the company decided to change its name to the American Family Mutual Insurance Company, in order to better represent its wider customer base. Presently (as at 01.06.2011) American Family Insurance has over $16 billion in assets, and approximately $5.4 billion in policy holder equity. Although times have been tough for financial institutions lately, American Family Insurance still maintains an A rating (Best Insurance ratings 2011).
Values American Family Insurance operates affording to the following values: · Going green- A commitment to move towards greener energy usage. · Corporate principles- Adherence to the highest ethical standards. · Community involvement - Committed to community involvement, they support voluntary organisations throughout the company footprint. · Contributions In 2010, American Family insurance gave in excess of $2.5 million in charitable donations.

American Family Insurance offerings

Policies American Family Insurance offers a comprehensive range of insurance policies. Prior to listing the policies, the credit rating system of American Family insurance must be borne in mind too, because it presents a unique advantage to the customer.
Credit based Scoring All insurance companies check credit rating prior to issuing insurance in an effort to ascertain the level of risk which the applicant possess: depending upon the rating the insurance premium is adjusted according. American Family Insurance has a novel approach to this process, whereby they work form a more comprehensive credit based scoring approach. This allows them to gather more information, which results, more often than not in a lowering of insurance for many members. Product Range Auto It consists of a full range of car and other vehicle insurance. It is an umbrella Insurance which protects the assets and future earnings of the insured. Life Insurance in the case of bereavement: Business - A broad range of insurance packages to suit the needs of every business. Home- Provides full cover for home and valuables. Health Policies- Which cater for, all aspect of health, both for the individual and families. Retirement - A variety of retirement policies, which match individual needs. Farm and Ranch-Full protection for all aspects of farming and ranching.