About Readlyn Mutual
Around 1870 when one of the early pioneers through a fire, lost everything he had built up. Neighbors banded together to help by donating money, material and labor to assist in rebuilding the home and barn. This deed of kindness and sharing prompted some to suggest giving a certain sum annually to have money available if another calamity of fire, lightning or tornado should come about. A meeting was called September 26, 1875 and the company was formed.
In 1895, 20 years following its founding, statues were issued in printed form with articles and by-laws. Again in 1915 new articles of incorporation were drawn up to comply with the laws of the State of Iowa.
Readlyn was selected to be the principal place of business. A permanent structure to be used as the home office was erected on its present site in 1952. Readlyn Mutual Insurance Association has seen many changes through the year in farming technology and homeowners needs which have dictated changes in insurance to meet the needs of our members. Readlyn Mutual’s original building was remodeled in 1985 doubling in size to keep abreast of the changing times and the company growth. A company that originally recognized approximately $55,500 of insurance in force has grown and prospered with insurance in force just under 1 billion dollars. Readlyn Mutual Insurance currently services over 3,000 policies while providing support to our independent agency force.