Pharmacists Mutual Insurance Company

Pharmacists Mutual Insurance Company is a nationally known pioneer in the insurance business, providing insurance and risk management solutions. Pharmacists Mutual is a mutual insurance company that operates in all 50 states, the District of Columbia, and Puerto Rico. Pharmacists Mutual is a financially sound property and casualty insurance company with an AM Best "A" Excellent* rating. It takes pride in being a one-stop shop for insurance cover for its customers. Their diverse product and service offerings meet their members' professional, personal, and business insurance needs.

PMI Company History

Al Falkenhainer arrived in Titonka, Iowa, in 1898 to operate the town's first business, a pharmacy store. When the store was destroyed by fire four years later, Falkenhainer realized the importance of better loss settlement processes. This event motivated his desire to start what is now a strong and profitable insurance company. Pharmacists Mutual has been providing insurance to the health care profession for over a century, with coverages tailored to protect its members, who range from pharmacists and dentists to personal care providers.

Falkenhainer believed in the value that might be achieved when pharmacists collaborated for the good of their profession as members and officials of the Iowa Pharmaceutical Association. He intended to help pharmaceutical professionals with claims promptly and equitably. Beyond that, he wanted to build a business that could adapt to the changing needs of the healthcare market. With the help of his peers, he gained a charter for a mutual insurance firm in 1909 and created Druggists Mutual Insurance Association. Falkenhainer was the company's president from its founding until 1932.

Druggists Mutual continued to expand beyond pharmacy into other sectors of health care and allied enterprises over time, offering protection as part of or in addition to pharmacy policies. Pharmacists, independent pharmacy proprietors, care facilities, dentists, durable medical equipment suppliers, home health care operations, gift and card stores, supermarket businesses, and veterinarians are now covered by the company.

Pharmacists Mutual Insurance Company was founded in 1992 and operated in all 50 states, the District of Columbia, and Puerto Rico. While continuing to follow Falkenhainer's original mission of providing individualized and committed service to its members, the company has become a nationally recognized leader in meeting the insurance and risk management needs of health care professionals and allied market segments. The company writes over 80,000 policies for over 60,000 members and has an A (Excellent) financial strength rating from A.M. Best.

Pharmacists Mutual aims to be a one-stop shop for insurance protection in its targeted areas. Pharmacists Mutual Insurance Company, PMC Advantage Insurance Services, and Chiron Insurance Company offer a diverse range of products and services to members, and collectively, they can meet all of a member's professional, personal, and business insurance needs. The support offered by local and in-office specialists continues the legacy of excellence and personal attention.

Pharmacists Mutual, based in Algona, Iowa, with a second office in Austin, Texas, brings together insurance experts from various fields, including accounting, actuary, education, law, medicine, nursing, and pharmacy. Licensed insurance representatives and specialists with certain insurance credentials are also employed. The Board of Directors is mostly made up of practicing pharmacists who contribute to giving strategic direction to the firm as it moves ahead into the future.

Don't Make Assumptions.

Experts decide many insurance claims. Don't assume whether you know if something is covered or not. Although some instances involving are covered by insurance, there are various factors why the insurance company might try to get out of paying you. It is essential to realize that the insurance provider could try to convince you that the cost of fixing the damages is less than the deductible. Don't let the insurance provider take a free ride in rejecting your legitimate claim. Get an experienced home insurance attorney to help. Let the attorney evaluate through experts whether a claim is covered or not.

Consider Enlisting an Insurance Lawyer to Make Your Insurance Claim

Insurance companies pay hundreds of millions yearly for favorable laws and rulings from judges. In that regard, property insurance companies are not in the business of paying valid insurance claims. My extensive experience helps consumers hire an experienced lawyer before making an insurance claim.

Enlisting a highly skilled lawyer early generally provides the following benefits:

• You don't have to speak with the insurance company,
• The insurance company will have a more difficult time trying to trick you into saying the wrong thing,
• The lawyer will review the policy and file a notice of claim that complies with local laws,
• The lawyer will obtain experts to generate reports to support your claim,
• The lawyer may engage the services of meteorologists to prove weather patterns were ample to cause storm damage to your home.
• The lawyer may obtain the assistance of an estimator to generate an evaluation of your loss.
• The lawyer may enlist the services of a content expert to generate reports on the value of your personal property.
• The lawyer can hire an insurance agent to create a report verifying that the policy covered the type of loss claimed.
• The attorney could hire an engineer to review the causation of your loss.