York Insurance Company of Maine is a subsidiary property and casualty insurance company in Tower Group Companies, offering home and automobile insurance products to individuals and commercial insurance products to small and medium-sized businesses, according to Tower Group Companies. As of 2015, York Insurance Company does business in several states, including Massachusetts and New York, according to the National Association of Insurance Commissioners. Based in South Portland, Maine, the company wrote more than $30 million in direct premiums in 2014.
Incorporated in 1987 and previously known as Commercial Union York Insurance Company, York changed its name to York Insurance Company of Maine in October 2001, notes Bloomberg. The insurance company offers individual auto and homeowners insurance policies, as well as packages that combine home, motor vehicle, personal property and personal liability coverage, explains Tower Group Companies. Identity theft protection is available with homeowners insurance.
York Insurance Company of Maine offers auto insurance policies that include transportation expenses, travel expenses after an accident, emergency roadside assistance and accidental airbag deployment coverage, notes Tower Group Companies. Policies cover original equipment manufacturer replacement parts when vehicles are less than 3 years old. In certain states, coverage is available for the difference between a vehicle's value and the amount the policyholder owes on the vehicle's lease or loans. Additional personal umbrella coverage protects policyholders against claims for personal injury and property damage that exceed their homeowners and automobile insurance policy limits.