Letting your policy auto-renew might be convenient, but it could mean leaving money on the table.
About The Co-operators home insurance.
The Co-operators was founded by a group of Saskatchewan farmers who believed they weren’t being well-served by traditional insurance providers.
In 1945, the farmers established the Saskatchewan Wheat Pool, collectively contributing $25,000 into a communal risk pool.
At the time, one of the founders, Albert Savage, likened the fledgling insurance provider to the acorn that would inevitably become an oak tree. In the years that followed, the company expanded east to Manitoba and Ontario. Today, they’re headquartered in Guelph, Ont.
While a lot has changed in its 70-year history, community is still central to The Co-operators philosophy, the aim of which is to create sustainable societies by promoting the co-operative business model.
The Co-operators provided major financial relief during several Canadian natural disasters including the fires in Slave Lake and Fort McMurray in 2011 and 2016 respectively. In addition, The Co-operators donates 1% of their pre-tax income to charities and non-profits as well as partnering with the Kids Help Phone.