I bank with a credit union. I like the service I get.

So, we've been thinking about switching our insurance to a local mutual insurance company from the big commercial companies. It's very limited and only insures within a certain small geographical area.

Our local mutual company has been in business for around 50 years, has passed every inspection. I went back a few decades. No complaints with the regulators. Investments are local, for the most part. Plus, it is "insured" with a reputable company in case of catastrophic events bend it, including malfeasance by employees or board members.

For months, I have been reviewing old financial records.

I am confident it is being operated wisely

Anyone have any thing they want to add on the subject before we decide yes or no? #Insurance #Finance #Banking

@FeloniousPunk For a previous property we owned, we were part of a mutual insurance co-op. Never had a problem with a claim.

This is the first home we have owned in 20 years.

I can't stress how important it is to check what happens if catastrophic event bends it, including malfeasance by employees or board members.

A lot of times they are known as "Farmers Mutual." Don't expect fancy websites, though.