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Home > Property Insurance Coverage > Home Owners Insurance > South Easthope Mutual Insurance Company
South Easthope Mutual Insurance Company
In 1871, when a company was created to provide reasonably priced, good value fire insurance to farmers. Founded by local and area farmers and businessmen, who grouped together to fulfill this need. They lined together to support one another in sharing the costs and the risks associated with these coverages, the basic foundation for their company was formed.
South Easthope is a mutual insurance company which means that the policyholders own the company. They have no shareholders and therefore pay no dividends to the shareholders, but for many years they have paid a refund to their policyholders on the profit that they make. South Easthope has remained truly a policyholder owned company.
Through the years many changes have taken place, even the business of insurance has seen change. They have seen the introduction of various forms of insurance and the coverage’s that South Easthope now provides, such as fire, wind, and broad perils to protect farm, residential property, small commercial risks and the liability coverage that is needed to protect your assets. They also provide automobile insurance and farmer’s accident insurance. They have been able to keep pace with changes needed by their policyholders and the requirements by the government and still maintain a financially sound company.
South Easthope has been highly computerized since the early seventies and has developed their own insurance software to make the company efficient and administratively effective. This computer system has become so successful that they now support twelve other insurance companies within the Atlantic Provinces and Ontario. South Easthope has recently incorporated a wholly owned subsidiary to continue this work.
South Easthope is further diversified through its partial ownership of Farm Mutual Reinsurance Company Inc., who provides reinsurance to the North American insurance market, and further by part ownership of Farm Mutual Financial Services Inc., who in turn provide financial services to residents of Ontario.
South Easthope has always been a good corporate citizen of Tavistock and surrounding area. They have remained in the same location since their early days and their premises have gone through several renovations to maintain and meet their needs, and be an asset to the community's landscape. Their staff as well as being highly trained to serve their policyholders, have also taken an active role within the community, through service clubs, municipal boards and committees and sporting teams. They are proud to support and be a part of the best rural and urban area of the world.
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