In the United States, Liberty Mutual remains a mutual company in which policyholders holding contracts for insurance are considered shareholders in the company.

In business since 1912, and headquartered in Boston, today we are the fifth largest global property and casualty insurer based on 2022 gross written premium. We also rank 86 on the Fortune 100 list of largest corporations in the U.S. based on 2022 revenue.

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A: Liberty Mutual offers its customers 12-month policies. That said, each of our policy-holders (and their policies) are unique. View your policy online to understand the length of your policy.

Key Takeaways. An insurance company owned by its policyholders is a mutual insurance company. A mutual insurance company provides insurance coverage to its members and policyholders at or near cost. Any profits from premiums and investments are distributed to its members via dividends or a reduction in premiums.

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​Over the past 100 years, Liberty Mutual Insurance has been committed to helping people preserve and protect what they earn, build, own and cherish. As we look to the future, we remember a century's worth of milestones made possible by our employees, partners and most importantly our customers.

A shared identity - belief, purpose, promise - and a single set of values unites us in our goal to become the most trusted global insurance brand.

When you opt for 12-month insurance, your rates are secured for a year. Depending on your driving record, this could be an advantage or a disadvantage. For example, if you're in an accident, most insurance providers will increase your rates for up to three to five years.

Premium increases: When you purchase a 12-month auto insurance policy, your premium will typically remain the same for an entire year (unless you make changes like adding or removing a vehicle or driver), but with a semi-annual policy that renews every six months, you could face rate increases sooner or more often.

Well-known mutual insurance companies include Guardian Life, MassMutual, Northwestern Mutual, and Mutual of Omaha.

The three main advantages of mutual insurers - customer focus, stable ownership, and the opportunity to receive dividends uninfluenced by Wall Street factors - doesn't necessarily mean they are the right choice for everyone interested in purchasing life insurance.

Liberty's Life Cover provides security for your loved ones when you are no longer around. It ensures that your loved ones are taken care of in their time of need and are able to live beyond your passing, with a sense of financial comfort.

Liberty Group Limited - a Licensed Life Insurer and an Authorised Financial Services Provider (Licence no 2409)

Purpose of insurance Its aim is to reduce financial uncertainty and make accidental loss manageable. It does this substituting payment of a small, known fee - an insurance premium - to a professional insurer in exchange for the assumption of the risk a large loss, and a promise to pay in the event of such a loss.

It gives you financial assistance for your losses and damage. The basic function of all types of insurance coverages is to provide damage control to the insured by bringing in a lot of people who pay to cover their risks. The fund is further used for capital formation through investment in the markets.