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Wisconsin Mutual Home Insurance Review

Wisconsin Mutual Home Insurance Review

Wisconsin Mutual Home Insurance Review

Wisconsin Mutual has more than 100 years of experience serving the state of Wisconsin. They write basic coverage for business and personal insurance policies along with some enhancement products and recently started offering insurance policies to their neighboring state, Minnesota. Here is more information about this company to decide whether the policies they provide is right for you and your home. 

A brief history of Wisconsin Mutual

Wisconsin Tornado Mutual Insurance Company was founded in 1903 in Milton, Wisconsin. The company moved to Madison and changed its name to Wisconsin Mutual Insurance in 1946. They have grown to insure more than 50,000 vehicles and 100,000 homes in their state and writes business, farm, and umbrella insurance as well. 

They are selling their home insurance products through their network of over 1,000 agents across Wisconsin and in 2017, they’ve expanded their company, offering their insurance services to their neighboring state, Minnesota

The Claim

They claim that they have competitively priced and comprehensive insurance products. They also said that they take pride in how they provide the best services to their policyholders. 

The Truth

Sort of. If you want in-person customer support, Wisconsin Mutual can be your best option. However, they don’t offer online quoting, which means you have to go to their office or call one of their agents to process your home insurance quote. Their website offers an agent locator so you can easily find an agent in your area. 

Wisconsin Mutual doesn’t offer expensive rates as well. What you should focus on, from this type of company, is how well they handle claims and if their policyholders are satisfied with services. 

The customer reviews we’ve gathered on various websites have a combination of negative and positive feedback about Wisconsin Mutual. In the negative reviews, customers are saying that the company denied their claims with no valid reason and that some of them got dropped out of their policy after filing a claim. While on the positive reviews, they say that the company’s agents are helpful, friendly and that they process claims fast. 

This mixture of positive and negative reviews might depend on which state you’re in. Make sure to do more research to know how Wisconsin Mutual handles their customers. 

Wisconsin Mutual Home Insurance Products

  • Standard – This is for average to above average, owner-occupied property risk. Both one and two-family homes are eligible. This program does allow solid fuel devices and is designed to accommodate those risks that do not qualify for the Premier or Premier Elite program.
  • Country Home – Designed to accommodate the “hobby type” farm property or country estate. Any risk that has farm buildings or incidental farm operations, but is not a true operating farm, would be eligible for this program.
  • Seasonal – This is for the average to above-average secondary home that is occupied by the insured periodically throughout the year.  In order to qualify for this program, the home must be in good condition and be used a minimum of three seasons – Spring, Summer, and Fall.
  • Premier – Designed for the newer, high-value, single-family dwelling.  The dwelling must be constructed in 1980 or later unless it has been completely updated within the past fifteen years.  The Premier program does not allow any solid fuel devices. All homes must be insured for 100% of their Replacement Cost Value.
  • Premier Elite – Available for newer, higher valued, single-family dwellings constructed in 1980 or later. Internal policy coverages and limits are broader and higher than other programs.  Dwellings must be insured for 100% of their Replacement Cost value with a minimum coverage requirement of $125,000.

Additional optional coverages are available, including:

  • Scheduled Personal Property
  • Blanket Valuable Items
  • Identity Theft
  • Boat, Snowmobile, ATV, Personal Watercraft
  • Home Under Construction
  • Increased Limits of Coverage
  • Incidental Farm Property & Liability Coverage
  • Cyber Protection Coverage

Wisconsin Mutual Home Insurance Discounts

By placing your homeowners coverage with Wisconsin Mutual you may qualify for one or more of the following discounts:

  • New Home
  • Auto/Home
  • Fire Protection
  • Umbrella/Home
  • Seasonal Home-Credit for Duplicate Liability

Wisconsin Mutual Ratings

Wisconsin Mutual earned 3.61 out of 5 stars from Clearsurance users. 81% of the customer reviews have 4- and 5-star ratings, which means policyholders liked the company’s service. Some of them say that Wisconsin Mutual make their home insurance claims easy and that the agents are friendly and very helpful. Only 5.5% gave a 2-star rating and they say the company dropped them after filing a claim. 

When it comes to their financial strength, A.M. Best gave the company a BB++ or Good rating. In the past, their rating was A- or Excellent and it has downgraded this year because of some liability claims settled in the federal court system. However, they can still pay out claims of their homeowners, even when multiple claims are filed federal each day. Wisconsin Mutual is not included in the J.D. Power 2018 U.S. Home Insurance Study, unlike State Farm, Geico, and All-State. 

The Pros and Cons of Wisconsin Mutual

Here are the advantages and disadvantages of Wisconsin Mutual:

PROS

  • In-person agent to assist customers needs
  • Various home insurance packages to choose from

CONS

  • Only available in Wisconsin and Minnesota
  • No online quoting option

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