First Acceptance Corporation, through with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and other ancillary products in the United States. The company operates through two segments, Insurance, and Real Estate and Corporate. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment history or need for monthly payment plans, failure to maintain continuous insurance coverage, or driving record. The company also offers optional products that provide ancillary reimbursements and benefits in the event of an automobile accident, which include products that offer reimbursements for medical expenses and hospital stays as a result of injuries sustained in an automobile accident, automobile towing and rental, and ambulance services; and underwrites a tenant homeowner policy that provides contents and liability coverage to customers who are renters. In addition, it offers products through third-party carriers for homeowners, renters, motorcycle, life, and commercial automobile. It primarily distributes its products through its retail locations, as well as through call center and Internet. As of December 31, 2017, the company leased and operated 350 retail locations, and a call center. First Acceptance Corporation was founded in 1969 and is based in Nashville, Tennessee.
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