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Home > Property Insurance Coverage > Home Owners Insurance > Promutuel
Promutuel
Promutuel takes its proud beginnings from their agricultural history. The first fire mutual appeared in the middle of the 19th century in Quebec. During this era, the insurance industry was not yet very developed and there were decidedly few insurers interested in the market that farmers represented.
In regard to the guarantee which corresponds to the household and its outbuildings, home insurance forms provide coverage for the structures and installations which are secondary to the household. As a result, among the insured property under the applicable coverage of the building, they find not only the house but also the permanent adjoining structures. As such, wood patios, solariums, greenhouses, skylights, canopies above patios or car shelters are automatically insured as long as they are permanently installed and connected to the residence.
This household coverage also applies to outdoor permanent property. Fences, swings, lighting fixtures in the garden or yard are all included in this category and are covered as long as they are permanent. Lastly, household insurance may also include outdoor in-ground and above-ground pools as well as their equipment. In regards to the coverage of outbuildings, it is extended to secondary buildings as long as they are on the insured property. It covers annexes to the home separated by a free space or those which have no other link except an electric line or a fence. As such, garages, sheds, guest houses, etc. constitute outbuildings and are insured as long as they are detached from the primary building.
As for all outdoor trees, lawns, plants and shrubs, they are specifically excluded with regards to certain insurance forms, whereas for others they are covered within the household guarantee but remain subject to specific limitations in terms of amounts and insured risks. The years that followed would be marked by change. In 1988, Promutuel broadened its field of expertise by including life insurance to its services. With the creation of Promutuel Capital in 1999, Promutuel offered its Comprehensive Approach, which grouped insurance products, financial security and financial services together, all under one roof.
To promote and provide insurance products and financial services that meet, and often anticipate, the needs of insured members and clients. To guarantee superior, personalized service in this regard and promote the values of mutual aid that has guided their actions for over 150 years.
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