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Peel Mutual Insurance Company

Peel Mutual Insurance Company

“Insurance at Cost, not at a profit”

We are proud to offer our client’s access to a true “Mutual Insurance Company”.

Historically, Mutual companies were created by their policyholders and were very local. Farmers got together to insure their farms in a given geographic area. That is how Peel Mutual started in 1876.

Today they still insure farms, but it is now your home and auto insurance as well as commercial enterprises that make up the lions share of issued policies at Peel Mutual. And yes, the policy owners still “own “ the company.

What this means is that revenues go to make your insurer more financially strong in order to withstand unexpected claims. It also means that your insurer will charge no more than what it “costs” to renew and write new business with the financial health of the company in mind. (Most other insurers have profit at the forefront, as they must return on investment to their stockholders).

Here is Peel Mutual’s Mission statement:

“Peel Mutual Insurance Company, owned by its policyholders, is committed to provide those owners, through its agents and brokers, with quality insurance products, delivered at cost and service by a dedicated staff”.

They are 100 % Canadian, investing in Canada, Claims response is 24/7 Offering competitive pricing on Home and Auto, Farm and Commercial -Members of The Ontario Mutual Insurance Association.

 

   

 

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