The Foster Agency is proud to serve the great community of Augusta, ME, and the Central Maine region as a whole. Whether you need coverage for your home, vehicle, farm, or are looking to secure life insurance, we can help.
We’re a full-service agency that provides financial coverage for families, business owners, farmers, and many more.
There’s a lot at stake when you run a business. Do you have the coverage you need should your livelihood ever be at risk? We can help you protect your assets.
read moreThere’s no predicting what life can throw your way. Personal insurance can better protect you, your family, and help you manage the damages caused by catastrophic events.
read moreDeciding to secure life insurance is monumental to protecting your family. In the event of your death, life insurance provides your family with a financial safety net.
read moreIn an industry that hinges greatly on Mother Nature, protecting your farm and livelihood is essential. We understand the unique risks and challenges you face.
read moreThe Foster Agency has proudly served the Central Maine region for over 40 years. In 1969, Tom Foster began the insurance agency. His son, Dan Foster, has been with the agency since 2002 and continues to help farmers, homeowners, and business owners throughout the region. We offer all of our services through The American National Insurance Company.
We've been asked many questions over the years. Here's a short list of the ones we hear most commonly.
Farm Insurance policies protect the farmer or agricultural business owner from claims and lawsuits resulting from personal injury or property damages due to accidents that are farm related. Farm Insurance also helps cover unexpected losses to farm Residences, buildings, farm products or livestock in extreme weather situations, fires or other disasters. In contrast a homeowner’s policy may exclude farm related accidents and farm property coverage. Find an Agent who understands Farm and business coverage who can help you minimize your risk.
if you process payments online, use cloud systems to store company information, or store customer data in a computer system, you should probably invest in cyber insurance. General liability insurance likely won’t cover all the expenses that could result after a data breach. If you consider that a breach can cost you tens of thousands of dollars or more the premium will be well worth the investment.
Many insurers have shown that consumers’ credit histories can predict whether they will or will not file insurance claims and that this information should affect the premiums that they charge. Insurers’ loss experience has shown that certain factors of an insured’s credit history help determine how likely he or she is to have losses and therefore file claims. Ask your agent if they are using credit to rate your policy, it has become common practice.
Both farm and ranch insurance and homeowner’s insurance are generally designed to protect property and limit an owner’s liability. However, farm and ranch insurance is generally a mixture of homeowner’s insurance and business liability insurance, and so will generally cover the buildings and equipment found on a farm as well as a farmer’s house. Farm or business liability are generally excluded from a homeowner’s policy.
The discounts that trim the most from your home insurance cost generally relate to your home’s age, building materials, roof condition, its type of security system and your payment methods. These are the top discounts that save you money:
If you have a car, you probably have car insurance, right? You purchase car insurance to protect yourself financially in the event of an accident. This way, you don’t have to pay out of pocket for expensive repairs that result from unexpected incidents.
Having insurance for your tractor and farm equipment is important for the same reason. If you were to get into an accident, like a wreck or a fire, or if your tractor was stolen, having agricultural machinery insurance would help cover the expensive cost to repair or replace your equipment.
If you keep one horse at home and it never leaves your property for a trail ride, horse show or clinic, then you may be covered under your homeowner’s policy. However, it is important that you specifically ask your insurance agent if you are covered and if so, where that is stated within your policy. Coverage can be added to your policy if it is not stated or you may need to buy a Farm insurance policy.
Having insurance for your tractor and farm equipment is important for the same reason. If you were to get into an accident, like a wreck or a fire, or if your tractor was stolen, having agricultural machinery insurance would help cover the expensive cost to repair or replace your equipment.
Reach Out Today
The Foster Agency makes insurance easy. Don’t hesitate to reach out today.