Special Mutual Rebate
Your cheque is in the mail! Policyholders of PEI Mutual share a special relationship as Members of the Company. The Members of PEI Mutual have been protecting each other since 1885 and since that time we have welcomed Islanders to join in our values of shared protection, loss prevention and financial successes.
In years where financial results allow our Members receive Mutual Rebates in the form of reduced annual premiums. In exceptional years our Members have received Special Mutual Rebates in the form of a cheque.
As a result of the very positive shared financial experience in 2017 our Board of Directors has declared Mutual Rebates totaling approximately $4,800,000. This means that each Member as of December 31st, 2017 will be receiving:
- 10% of your 2017 premium paid to you by cheque totaling $2,400,000; and
- 10% of your 2018 premium which will be deducted from your renewal invoice totaling $2,400,000.
With our head office on Prince Edward Island we make decisions locally for our policyholders. Our Board of Directors is able to ensure that we maintain fair pricing for our policies and make adjustments through Mutual Rebates when conditions permit. Mutual Rebates have been approved in 28 of the last 34 years amounting to approximately $46,000,000.
Thank you to our Members for choosing PEI Mutual as your insurance provider. With your continued support we will continue to maintain insurance services to you at reasonable prices.
CEO / General Manager