Our company was established in 1893 out of a desire to provide the residents of Ayr and surrounding communities with protection from devastating loss caused by fire.

A group of community residents recognized the need for affordable insurance and solicited the names of those interested in being a part of this endeavor.

By the Act of 1836, each district in the Province of Upper Canada was permitted to form its own mutual fire insurance company if it had a minimum of 40 subscribers for insurance. Those 40 souls were required to sign a premium note. In this way, they assumed liability proportionate to the policyholder’s own limit of protection. If a loss by fire occurred, the amount required to pay the loss was assessed, levied, collected and paid to the claimant in due course.

The tradition of ‘neighbour helping neighbour’ is the backbone of mutual insurance. Through the mutual system, the losses of the few are borne by all of the policyholders of the company.

At the first Annual Meeting on February 24, 1894, it was reported that the volume of insurance to date mounted to an aggregate of $805,060, representing 238 policies. Our company has continued to grow over the years, but our principles remain true to the mutual tradition, rooted in the pioneer spirit. New lines of business have evolved and we have adapted to those changes without losing that link to the values of the past. It is our policyholders and their needs that drive our business.

Ayr Farmers Mutual is proud to be an Ontario Mutual.

 

 

BLOG POSTS

Should I Insure My Bicycle?

Monday, September 25, 2017

Do you tear up singletrack trails, or put serious KMs on your road bike? Is it important that you shave off seconds on your trail or track time? Do you scrub your bike down after every ride, making sure you can see your ... Read more

Should I Insure my Golf Clubs and Golf Cart?

Wednesday, August 16, 2017

Storytime… Tomorrow’s office golf tournament came a little sooner than expected. I just got back from trying out a new driver at the range that I had purchased to replace the one that came with my club ... Read more

Trees, Lawns, Shrubs and Plants - Are They Covered?

Tuesday, July 04, 2017

When was the last time you thought about insurance coverage for that tree in your yard? Our guess: likely never. We see a lot of damaged greenery this time of year. We find that homeowners are unaware of the Home ... Read more