Why go with a Mutual Insurance Company?

The idea of if mutual insurance is as old as the first business. From the beginning, good men found in their hearts a disposition to join in the efforts to promote common interest and to avoid common disasters.  He who served his generation best has always been the one who unselfishly did most toward the preservation of the life, the property and the ideals of his fellows. 

 

As a Mutual Company, we have two main sources of income – the premiums paid by Policyholders and our investment returns. Conversely, we also have two major costs – claim payments and operational expenses.

Premium & Investment Returns - These income sources are allocated towards the surplus, members equity, investing in the community, and refund of premiums.

Claims & Expenses - While we have control over certain premium incomes, operational expenses, and investment returns, there is very limited control over the claims expenses.

A surplus ensures that we remain in a strong position for our Policyholders and that we have the ability to meet all our future obligations.