Economical

All about Economical Assurance

Economical is an insurance company founded in 1871 to offer a variety of insurance products for individuals and professionals in Quebec. Its main concern is to always offer its customers quality products and services that defy all competition.

Economical represents independent insurance brokers

This company is one of the world's leading specialists in property-casualty insurance, whose products are distributed exclusively by a large network of independent insurance brokers. The reason for this approach is to bring benefits closer to policyholders, while allowing them to benefit from professional advice. Insurance products are offered at very competitive rates, with no compromise on protection.

Economical general insurance

With no less than 135 years' experience in the insurance business, the Economical group is one of Canada's leading property-casualty insurers. Over the years, it has forged a solid reputation for the quality of its products and services, as well as the level of security and support it offers both its policyholders and the various brokers with whom it has worked for many years.

Insurance Brokers of Canada

For any policyholder, it's important to get the best coverage at the best price. That's where insurance brokers come in, as they compare the different products and prices offered by insurance companies in Canada, in order to submit the best proposal to their clients. Insurance brokers distinguish themselves by their expertise in the field of guarantees and protection, their sound judgment and, above all, their unfailing commitment to policyholders. That's why the Economical group has made a point of developing exceptional partnerships with several independent brokers.

Economical is a mutual insurance company operating under a variety of names, including :

• The Missisquoi insurance company, serving Quebec only: Economical was founded in 1871 and is one of the country's leading property and casualty insurers. The company has no fewer than one million customers who benefit from its products and services. It is represented in Quebec by Missisquoi Insurance Company. Founded in 1835, Missisquoi joined the Economical group in 1956, bringing its experience and expertise to the group as it is Canada's oldest P&C insurance company.
• Economical Select MD- Waterloo: Economical Select offers policyholders in Canada home and auto protection at reduced rates, using their job or association. This brand is underwritten by Waterloo, an insurance company founded in 1863 and part of the Economical group since 1980.
• Economical, Western General MD mutual insurance company: This company is dedicated to providing adequate coverage for farm owners in Canada. Coverage includes not only housing, but also vehicles for personal or professional use, as well as machinery and agricultural activities. Such specialization is hardly surprising, given that Western General was founded in 1905 by farmers, but joined the Economical group in 1997.
• Perth: Founded in 1863, this insurance company specializes in motor and home insurance. Since 1968, it has been part of the Economical group.
• Financière Economical MD- Westmount Financial Inc. provides financial solutions and personalized support for the various transactions of partner brokers. Through competitive rates, financial investments and loans, Financière Economical enables brokers to Quebec general insurance brokersThis will enable them to grow their business while managing risk and planning for succession.
• Sonnet: This insurance company was created in 2016 to offer innovative online insurance solutions. Policyholders have the opportunity to have an instant quote as they can manage their accounts and purchase an insurance policy in real time without having to visit an agency or insurance company.
• Family Insurance Solutions Inc. was founded in 1989, and 10 years later joined the Economical group to become one of British Columbia's leading personal insurance distributors.
• Petline: Specializing in pet health insurance, this company, which is the oldest in this line of business in Canada, joined the Economical group in 2017. The company's most imminent brand is Petsecure, which offers customized coverage solutions for pets in Canada. You can request a quote online to insure your pet effectively.

Best P&C insurer in Canada

Economical is a Canadian company and offers its various products and services to Canadian policyholders, providing them with innovative and progressive insurance solutions - and that's what sets it apart from any other company. The customer is at the heart of the company's strategy, and this is why so many policyholders place their trust in it, making it a leader in the property-casualty insurance sector. The company's commitment to its customers, its sense of responsibility and its professionalism have earned it the title of best general insurer. Thanks to its local service and responsiveness to the needs and requirements of its customers and brokers alike, the company has established itself as a leader in the property-casualty market.damage insurance while striving to offer the best to its policyholders and partners.

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Definity Insurance Company

Definity is the new Canadian insurance company resulting from the demerger of Economical Mutual. Definity is guided by the goal of building a better world by helping its customers and communities adapt and thrive. We strive to be a force for positive change for our environment, people and communities, now and in the future. Since writing their first policy on behalf of the Economical Mutual Fire Insurance Company of Berlin in 1871, they have always been neighbors helping neighbors. Definity continues to offer quality products such asbusiness insurancecar insurance, home insurance and condo.