The Philadelphia Contributionship has a distinctive record in American insurance history. Founded in 1752 by Benjamin Franklin himself, the Philadelphia Contributionship is the oldest property insurance company in the United States. It has been paying claims and protecting homeowners for over 270 years.
Muller Insurance is a Franklin Circle member, a designation awarded to the Philadelphia Contributionship’s Top 10 agencies nationwide. This is the highest honor the carrier offers to its independent agency partners, based on policy volume and client retention. NJ homeowners looking for a carrier with an extensive operating history may find the Philadelphia Contributionship worth considering.
What Is the Philadelphia Contributionship?
The Philadelphia Contributionship is a mutual insurance company, meaning it is owned by its policyholders, not by shareholders. This structure means the company’s primary obligation is to its policyholders, not to Wall Street. It operates across NJ, PA, DE, and VA, and has built its reputation over nearly three centuries on financial stability, fair claims handling, and genuine commitment to the homeowners it serves.
What the Philadelphia Contributionship Covers in New Jersey
Homeowners Insurance
The Contributionship’s homeowners policies cover the standard package of dwelling, personal property, liability, and additional living expenses, but with the quality underwriting and claims service that comes from 270+ years of experience. Their policies are particularly well-suited for established NJ homeowners with well-maintained properties who want reliable coverage.
Dwelling Policies for Landlords
The Philadelphia Contributionship also writes dwelling policies for tenant-occupied and owner-occupied rental properties in NJ and PA. For landlords with well-maintained investment properties, this is an available option.
What Makes Muller Insurance a Franklin Circle Agency?
The Franklin Circle is the Philadelphia Contributionship’s highest agency honor. It recognizes agencies that demonstrate exceptional performance in policy volume, client retention, and carrier commitment. Muller Insurance is among the top 10 agencies in the Philadelphia Contributionship network.
When you place your homeowners insurance with the Philadelphia Contributionship through Muller Insurance, we have an established relationship with this carrier, which can be useful when questions or policy changes arise.
Is the Philadelphia Contributionship Right for Your NJ Home?
The Philadelphia Contributionship is suited for:
- Established NJ homeowners with well-maintained properties in good condition.
- Homeowners in NJ, PA, DE, or VA who value carrier history and financial stability above all else.
- Landlords with quality tenant-occupied properties in NJ or PA.
- Clients who prioritize claims service and long-term relationship over the lowest possible premium.
Other Carriers We Work With
As an independent agency, we never place every client with one carrier. The Philadelphia Contributionship is well-suited for certain property types and client situations. For other situations, we may recommend Franklin Mutual, Andover Companies, Cumberland Mutual, or Narragansett Bay for waterfront properties. We work to identify the appropriate fit for your specific home.
Ready to Get Covered?
Call Muller Insurance at 201-659-2403 or visit MullerInsurance.com for a free quote on the Philadelphia Contributionship for your NJ home.
