Mutual & Federal insurance Company
Mutual federal insurance formerly known as South African fire & life assurance company was established in 1831. Which means the company is one of the oldest short-term service providing company in South Africa. Due to economic and political changes in South Africa mainly in the 1960s, the company engages in different mergers such as merging with old mutual not until 2010 when they became subsidiary of the old mutual group.
Mutual Federal insurance was headed by Mike Harper, and CEO Raimond Snyders with about 2300 workers. Based on their website page, they work with passion and integrity, respect accountability and also pushing beyond their limits. Apart from the normal insurance services they render, the company is also involved in some social investment programs such as agriculture and education economic development. Mutual and Federal are situated at Peemount House, 152 branston drive, Bryanston 2021 with P.O Box 3909, Randburg 2125.
What makes mutual & federal insurance company is different from other insurance company is that they offer insurance solution to individuals, farmers, and small & large business. find business insurance coverage: This means they don’t the insurance product but thy act as middlemen who are experts in finding the suiting insurance answer for your specific requirements. They operate like brokers. Therefore, if you are searching for insurance, and you have compared some of the online quotes, you will then call them to explain the kind of insurance you want. This company will give you the available options, explain them to you and assist you to get the best option that suits your requirement. After your final decision, the mutual and federal brokers will endorse you continue acting as your dealer in your insurance needs.
Mutual & Federal insurance Coverage & Quote
In case of individual insurance solution, Mutual Federal offer access to the car insurance and home insurance.
The aspect of car insurance will be concentrated on. Car insurance is a committed broker with Sure wise or directly with IWYZE which is the parent company of old mutual.
With the car insurance option by surewise, your particular broker who is from Mutual Federal insurance will register with Surewise. It is surewise that will then issue you with short-term insurance. under the company’s car insurance, they deal with three coverages, they are named; fully comprehensive insurance, third party insurance, third party only, theft and fire insurance. life insurance.
Full comprehensive insurance provides the highest coverage which will cover your car in case of accidents, theft, and fire damage policy also covers the third party claims if you are responsible for the car damages.
In the aspect of the third party, theft and fire insurance you will be covered for theft and fire including the claim of the third party only. That is if you are responsible for the third party damage you will not be covered in case of an accident.
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As for the third party only insurance, you will be covered by the third party claims only . if you are responsible for the car damage or any injury.
Surewise have some benefits such as; Named driver coverage that is if coverages are limited to two particular drivers, your premium can be reduced. Others are credit shortfall coverage, courtesy car coverage, and additional advantageous packages like medical expenses for passengers, remote replacement costs, emergency hotel expenses and trauma counseling.
IWYZE Car Insurance
Car insurance through IWYZE that is, the old mutual also offer the same three options as the same as Surewise. The additional benefits are also same as Surewise.
The difference is that anyone who gets insured through Surewise will deal with a Mutual and Federal broker directly but if on the other hand deal with IWYZE, it means you will be dealing with IWYZE representatives. This means the difference between insuring with Surewise and IWYZE depends on their brokers.
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Mutual Federal insurance Review
Based on the hellopeter, Mutual & Federal about three hundred reports on the company. Out of all these reports, 15% were of good comments while 85% were of complaints. This means the results of complaints are more than the good comments which are not a good result compared to other insurance companies also looking at the age of the company. The complaints were mostly based on customer care.