Business Details
50+ Years
experience
Your Trusted Insurance Partner in Augusta, ME
Founded in 1969, The Foster Agency has served Central Maine for over five decades, providing tailored insurance solutions to individuals, families, farmers, and businesses. Our agency, led by second-generation insurance professional Dan Foster, prioritizes trust, integrity, and personalized service, ensuring clients receive coverage that aligns with their unique needs. We specialize in agricultural, commercial, life, and personal insurance, partnering with American National Insurance Company to deliver reliable, comprehensive protection.Our team combines deep local knowledge with industry expertise to simplify the insurance process, offering responsive service and practical solutions. With a legacy built on community relationships and a commitment to client education, we strive to make insurance accessible and stress-free for every client we serve.
Services
Agricultural Insurance
Commercial Insurance
Life Insurance
Personal Insurance
Farm Equipment Coverage
Umbrella Insurance
Disability Insurance
Watercraft Insurance
Homeowners Insurance
Auto Insurance
Details
- Year established: 1969
Highlights and features
- We offer over 50 years of combined experience in Maine's insurance market.
- Our team provides personalized service tailored to individual client needs.
- We specialize in agricultural and commercial insurance for local businesses.
- Our policies are backed by partnerships with trusted insurers like American National.
- We prioritize transparent communication and community-focused solutions.
Services
Agricultural Insurance
Agricultural insurance protects farms, equipment, and livestock from weather events, accidents, and liability claims. We offer customized policies for commercial and hobby farms, including barns, machinery, and crop loss coverage. Our plans address Maine's unique climate risks while supporting long-term agricultural sustainability.
Commercial Insurance
Commercial insurance safeguards businesses against property damage, liability, and operational risks. We provide property, liability, and workers' compensation policies tailored to industries like agriculture, construction, and retail. Our solutions help Maine businesses maintain continuity during unexpected disruptions.
Life Insurance
Life insurance ensures financial protection for families in the event of a policyholder's death. We offer term, whole, and universal life policies to cover debts, income replacement, and education costs. Our DIME formula helps clients determine appropriate coverage levels for their specific needs.
Personal Insurance
Personal insurance protects individuals' assets and lifestyles through homeowners, auto, and umbrella policies. We provide customizable coverage for residences, vehicles, and liability risks. Our plans include watercraft and disability insurance to address Maine residents' diverse protection needs.
Umbrella Insurance
Umbrella insurance provides additional liability coverage beyond standard policies. We offer this protection for homeowners, drivers, and business owners facing high-risk scenarios. Our policies cover legal fees, medical expenses, and property damage exceeding primary policy limits.
People
Dan Foster
Founder / CEO
Dan Foster leads The Foster Agency with over 20 years of experience in insurance. He continues his father's legacy of personalized service, focusing on agricultural and commercial clients. Dan prioritizes community relationships and practical insurance solutions for Maine residents.
Betty Boghosian
Administrative Assistant
Betty Boghosian brings 26 years of insurance expertise to The Foster Agency. Licensed in property & casualty and life & health insurance, she specializes in client support and policy administration. Betty combines technical knowledge with creative problem-solving for client satisfaction.
Questions
Why do I need farm insurance instead of a homeowners policy?
Farm insurance covers agricultural risks excluded from homeowners policies, including equipment, livestock, and business liability. It protects against weather-related losses and farm-specific accidents that standard policies don't address.
Is cyber liability insurance necessary for small businesses?
Yes, if you handle online payments or store customer data. Cyber insurance covers breach-related costs that general liability policies typically exclude, protecting against financial losses from digital security incidents.
How do insurers use credit information?
Insurers analyze credit history to assess claim likelihood, as studies show correlations between credit factors and risk. This practice helps determine premiums based on statistical risk profiles, though not all companies use this method.
What discounts are available for home/farm policies?
Discounts include new construction, security systems, roof upgrades, and bundling policies. Loyalty programs and payment methods also reduce premiums. Contact us for specific savings opportunities tailored to your property.
Does homeowners insurance cover farm equipment?
No, farm equipment requires specialized coverage. Homeowners policies exclude agricultural machinery, making dedicated farm insurance essential for tractors, harvesters, and other equipment critical to your business operations.
