Noblr’s reciprocal exchange model ensures the company stays member-focused. Many insurance companies are publicly traded on stock markets, answerable to their shareholders with a profit-seeking prerogative. Noblr can instead focus on our members.
Noblr’s reciprocal exchange model ensures the company stays member-focused. Many insurance companies are publicly traded on stock markets, answerable to their shareholders with a profit-seeking prerogative. Noblr can instead focus on our members.
Your monthly Noblr rate includes a small membership contribution. These contributions grow the pool of assets available to Noblr members, supporting the reciprocal exchange’s financial strength. The membership contribution helps keep Noblr’s prices as low as possible.
Participating in a reciprocal exchange does not mean Noblr members assume financial liability for other drivers’ policies. No individual member is subject to another member’s policy’s risks.
Your monthly Noblr rate includes a small membership contribution. These contributions grow the pool of assets available to Noblr members, supporting the reciprocal exchange’s financial strength. The membership contribution helps keep Noblr’s prices as low as possible.
Participating in a reciprocal exchange does not mean Noblr members assume financial liability for other drivers’ policies. No individual member is subject to another member’s policy’s risks.
In the 1600s, Merchants needed to protect themselves from ship and cargo catastrophe. So, a group met at a coffee house in London to pool money to cover costs when one of them lost a ship.
Reciprocal Exchanges
By the 1880s, American merchants took things a step further, imposing certain building safety and goods securing standards, which drove participants to do their part to reduce risk. These concepts — shared risk and high standards — are the foundations for what is known today as a “reciprocal exchange”.
While merchants have given way to motorists, the principle of a reciprocal exchange abides. The Noblr team manages the reciprocal exchange on the membership’s behalf, determining appropriate premium rates, and collecting them so members can get reimbursed when in need.
In the 1600s, Merchants needed to protect themselves from ship and cargo catastrophe. So, a group met at a coffee house in London to pool money to cover costs when one of them lost a ship.
Reciprocal Exchanges
By the 1880s, American merchants took things a step further, imposing certain building safety and goods securing standards, which drove participants to do their part to reduce risk. These concepts — shared risk and high standards — are the foundations for what is known today as a “reciprocal exchange”.
While merchants have given way to motorists, the principle of a reciprocal exchange abides. The Noblr team manages the reciprocal exchange on the membership’s behalf, determining appropriate premium rates, and collecting them so members can get reimbursed when in need.
To ensure that Noblr members have a direct voice in the direction of Noblr, we established the Noblr Member’s Board, which meets regularly with Noblr management. We’ll keep you posted on their activities.
With Noblr, you’re in control.
Noblr Licenses
NAIC #16461
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Noblr is a registered trademark of Noblr, Inc.
USAA is a registered trademark of the United Services Automobile Association
