Patriot Mutual Insurance Company
Patriot Mutual Insurance Company
4 Maine Street
Brunswick, ME 04011-2049
A member of Frankenmuth Insurance, Patriot Mutual Insurance Company is a Maine-based company offering insurance products and services to consumers and businesses since 1966. With a founding tradition of neighbors helping neighbors, the company remains committed in helping individuals and enterprises gain the financial security they need. Patriot Mutual is dedicated to long-term, successful relationships with its agency partners throughout the greater Northern New England region. The company is licensed to write policies in the states of Maine, New Hampshire and Vermont.
A chief regional writer of a diversified insurance portfolio, Patriot Mutual’s success is built on continuous exploration of business opportunities, innovative products, superior underwriting, marketing and distribution expertise, strategic partnerships, superior technology, lean and responsive enterprise, financial strength and effective team work. Patriot Mutual strives to be a leading New England insurance provider by distributing quality, competitively priced insurance products to customers and policyholders.
Financial strength is an edge of Patriot Mutual. The company holds a very secure rating of A from A.M. Best, one of the most independently recognized names in the financial evaluation of insurance companies.
Patriot Mutual started business in 1966 under the name Blue Alliance Mutual. As a subsidiary of Blue Cross and Blue Shield of Maine, the company began writing health insurance products. Anthem, Inc. purchased Blue Cross and Blue Shield of Maine in 2000, and Patriot Mutual became an independent company. The company’s head office was moved to Brunswick, Maine. In 2002, the company had a significant growth by including property and casualty insurance products in its portfolio, accomplished through its acquisition of another insurance company’s automobile and homeowner business in Maine, New Hampshire, and Vermont. In 2007, Patriot Mutual merged with Frankenmuth Insurance of Frankenmuth, Michigan. Through this merger, Patriot Mutual is able to grow in size by adding business products to the personal lines products already being sold. Also, Patriot Mutual is able to expand operations into other states in the Northeast.
The company’s business insurance products and services include loss control, which help commercial clients avoid the trouble and hassle connected to losses. Patriot Mutual’s loss control consultants aid clients through identification and risk analysis of physical hazards related to all basic coverages, management system analysis and risk improvement, safety/loss control program development, ergonomic studies, training, and construction jobsite inspections.
Patriot Mutual’s other quality insurance products include personal automobile insurance, boat and snowmobile, collectible car, classic auto, dwelling fire, homeowners products, personal umbrella and group coverage. Personal automobile insurance is offered with competitive rates, rewards such having good driving habits, comprehensive coverage, and superior service by ensuring quick turnaround time on applications and amendments, multiple billing options and fast, friendly claim service. The company’s boat and snowmobile program insures outboard, inboard, and inboard/outboard boats, sailboats, and snowmobiles under 900cc’s. Broad physical damage coverage is available for boats, motors, boat equipment, snowmobiles and transporting trailers. Liability coverage for property damage, bodily injury and medical payments is also available. Besides supplying coverage for standard automobiles, the company likewise provide one of the most competitive collectible car policies on the market.
Patriot Mutual’s dwelling fire program provides an opportunity for writing homes or residences outside the range of risks covered by its homeowner policies. Homeowners’ policies, on the other hand, offer a mix of property and liability coverages intended to protect policyholders from the financial consequences of personal loss, including carriage house, homeowners, tenant and condominium, and dwellings under construction. A personal umbrella policy provides worldwide liability coverage over and above the liability coverage provided by primary home and auto policies. For a relatively inexpensive premium, the company’s personal umbrella policy, with limits ranging from $1 million to $5 million, completes clients’ package of insurance protection. Group coverage is also offered by Patriot Mutual. Personal lines for home, auto, umbrella and more are provided through employers or associations.