Reciprocal Exchange

An insurer owned by its policyholders, who insure one another through an attorney-in-fact that runs it. A cooperative twist on insurance.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.