Advertise Now
  Home > Property Insurance Coverage > Home Owners Insurance > Austin Mutual Insurance Group

Austin Mutual Insurance Group

Austin Mutual Insurance origins date back to 1896 when a group of local farmers and townspeople in Austin, Minnesota, organized the Farmers United Township Mutual Hail Association of Minnesota in order to provide crop hail and later farm windstorm insurance at the lowest possible cost. They decided that the Company should operate on the Mutual Care so that the savings from careful and economical management could be used to reduce the cost of protection to policyholders.
 
In 1909 the name was changed to Austin Mutual Hail Insurance of Minnesota and in 1917 to the Austin Mutual Insurance Company. Through the years the firm has grown by expanding lines of insurance written, states in which they operate, and by absorbing through merger the St. Paul Mutual Insurance in December 1963. On December 19, 1984, the Company obtained management control of the Waseca Mutual Insurance Company through the purchase of 2,000,000 dollars guaranty certificates. Waseca Mutual Insurance was merged into Northern Mutual Insurance on January 1, 1999. On October 1, 2003 Northern Mutual was merged into Austin Mutual Insurance Company.
 
Their lines of insurance include Automobile, Burglary and Robbery, Business owners, Commercial Property and Liability, Farm Liability, Farm Windstorm, Fire and Allied Lines, Homeowners, Inland Marine, Mobile Homeowners and Personal Liability.
 
Their ratio of net premium written to policyholder surplus is among the best in the industry. This ratio reflects the superior financial strength and capitalization of the company. The firm is proud to offer the following insuranceand underwriting products and services.
 
Insurance is a way to manage risk by providing you with the support to face financial losses due to a tragedy or accident. It involves paying a premium according to the property subjected of insurance and the type of protection you want to give it among other aspects.
 
 

Everything you need to know about Home Insurance is here at CovermeHomeInsurance.com

Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.



Advertising Information for covermehomeinsurance
Back to Home Owners Insurance

 
 
Infinit-i