Indiana Farmers Mutual Insurance Company
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This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Indiana Farmers Insurance (Indiana Farmers Mutual Insurance Company) is a regional P&C carrier writing personal, farm, and business insurance exclusively in Indiana. All products are distributed through independent agents. GEOGRAPHIC SCOPE - Writes business only in the state of Indiana across personal, farm, and commercial lines; not available in other states. GENERAL / SUBMISSION NOTES - Business is submitted and serviced through contracted independent agencies; no direct-to-consumer binding. - Carrier emphasizes underwriting discipline and alignment with company risk appetite; agents should expect underwriter involvement on risks that deviate from standard characteristics. - Rating and underwriting rules are centrally controlled via an automated rules engine; agents should follow system eligibility and referral prompts closely. HOMEOWNERS / PERSONAL PROPERTY (HOME) - Target risks: owner-occupied one- to two-family dwellings with standard construction and maintenance in Indiana; typical personal property and liability exposures. - Preferred characteristics (inferred from positioning): primary residences with good maintenance, standard protection features, and no unusual hazard (no reference to coastal/cat concentrations since Indiana-only, but expect standard treatment of hail, wind, and convective storm exposure by territory). - Coverage features marketed: dwelling, other structures, personal property, and personal liability; optional personal umbrella available to extend liability beyond home and auto. - Restricted/declined (inferred common practice where no explicit guide is posted): - Homes with severe prior losses, significant unrepaired damage, or material safety issues (e.g., knob-and-tube wiring, solid-fuel heat without proper safeguards) are typically subject to underwriting review or decline. - Non-owner-occupied, vacant, or habitational risks with significant rental or rooming-house exposure are more likely to be written under different programs (e.g., dwelling or farm) or declined, depending on agency guidance. - Producer notes: Home and auto bundling is encouraged with multi-policy discounts available. PERSONAL UMBRELLA - Offered as a personal liability extension for home and auto members in Indiana. - Positioned as additional protection above underlying home and auto limits for major liability claims or lawsuits. - Operationally, agents should: - Ensure minimum underlying limits on home and auto meet company requirements. - Confirm all underlying policies and vehicles/drivers are scheduled according to internal procedures. - Stand-alone umbrella without supporting home/auto is not promoted and is likely outside appetite except in tightly controlled exceptions. COMMERCIAL / BUSINESS (INCLUDING COMMERCIAL PROPERTY & UMBRELLA) - Indiana Farmers writes business insurance across the state, including property and liability; appetite details are managed via internal rating/underwriting rules rather than a public appetite grid. - Target risks (inferred from typical regional mutual appetite): small to mid-sized, main-street business in Indiana such as offices, service occupancies, small retail, and light mercantile; farm and ag-related accounts are also core to the book. - Commercial umbrella is used to provide additional limits above primary GL/auto/employers liability for suitable business accounts; underwriter review is expected for higher limits, hazardous operations, or large fleets. - Restricted/declined classes (inferred due to lack of public class list): higher-hazard operations (e.g., heavy manufacturing with severe products exposure, large habitational schedules with significant fire or life-safety concerns, high-hazard contractors, risks with poor loss experience) are likely limited to underwriter referral or out of appetite. WORKERS COMPENSATION - Workers compensation is available as part of Indiana-only business offerings and commonly paired with the business package. - Operationally, agents should: - Focus on small-to-mid market Indiana-based employers in standard or moderately hazardous classes. - Expect underwriter scrutiny or restricted appetite for high-hazard classes (e.g., heavy construction, certain trucking, high-severity manufacturing) and for accounts with poor loss history or weak safety management. BROKER / PRODUCER INSTRUCTIONS - All placements must go through contracted independent agents; prospective producers typically work with a field sales or marketing representative to align agency objectives with company goals and underwriting discipline. - The carrier’s emphasis on underwriting discipline suggests: - Adherence to system eligibility and referral rules is important. - Complete and accurate submission information (operations description, loss runs, building updates, protection details, payrolls/receipts) is expected for commercial and WC accounts. - For personal lines, accurate occupancy, usage, prior loss, and protection details should be captured at quote to avoid post-bind underwriting issues. Because Indiana Farmers does not publish a detailed public appetite/underwriting manual, specific preferred/declined classes and step-by-step submission rules are managed within internal systems and through field/underwriting contacts. Agents should rely on company rating/underwriting prompts and their marketing/underwriting reps for class-specific or limit-specific questions.