Reliance Mutual Insurance Society Limited
Just as the name suggests, Reliance Mutual Insurance Society Limited is a mutual or friendly society, with no shareholders clamouring for dividends, rather the delivery of products and services best suited to the needs of its members and customers.
Reliance is one of Britain's largest mutual, managing almost £1.7 million of funds - according to the most recently filed accounts up to the year end 31 December 2012.
The society is able to trace back its roots to 1911 and the foundation of the Farringdon Reliance Friendly Collecting Society - so named because of its address in Farringdon Street in London. In fact, the society may trace its roots back still further to the Farringdon's parent company, the Reliance Fire and Accident Insurance Corporation which had been set up in 1906.
During the 1930s, the Farringdon moved first to offices in the Elephant and Castle and then near to Waterloo Bridge, before evacuating from London at the onset of the Second World War. This saw the move to the company's headquarters near Tunbridge Wells, in Kent, where it finally settled in Reliance House, overlooking the town of Royal Tunbridge Wells in 1951 - and the change of name to the Reliance Mutual Insurance Society Limited.
In 2001, the society moved once again into new offices at the Great Hall, also in Royal Tunbridge Wells, before finally settling into a new Reliance House in the same town in 2010, the centenary year of the society.
The society jealously guards its mutual status, which was most recently concerned through an open vote of its members in 2012.
Today, the Reliance Mutual Insurance Society Limited arranges life assurance and operates pension schemes. Unusually, it offers annuities both to smokers and non-smokers, unit trusts and credit life insurance.
Reliance Mutual's principal offering to today's market is a life insurance plan specifically designed for the over-50s based on a proposal that requires no medical or health check-up or questionnaire.
Landlord insurance might be considered to be something of a niche product but it is nonetheless likely to be regarded by many buy to let entrepreneurs as an essential tool for safeguarding the investment in a let property, the income stream from it, and the landlord's protection against the principal liabilities he or she may face.
Landlord insurance thus typically comprises cover for the structure and fabric of the let premises and their contents, cover against such risks as property owner's liability (and employer's liability where this is appropriate) and provision for compensation in the event of lost rental income following an insured incident.
Reliance Mutual landlord insurance
With its focus on life insurance policies, pension plans and units trusts, Reliance Mutual makes no provision for the sale of any product fitting the description of landlord's insurance.