New to Trident from Citizens? We have answers to your questions in our Welcome Guide.
Why Become a Member of Trident Reciprocal Exchange
Becoming a member of Trident means more than just having an insurance policy. As part of a member-owned company, you’re in a community of responsible homeowners who receive quality protection and responsive support.
Here’s What Sets Trident Apart
Selective Membership
We take pride in fostering a community of like-minded, proactive homeowners. At Trident, we thoughtfully evaluate each home and its features, including wind mitigation, to ensure our members are well-positioned to protect against potential risks. By welcoming members who prioritize responsibility and care for their homes, we create a network of individuals who support and strengthen each other.
What Member-Owned Means
Trident Reciprocal Exchange operates as a reciprocal insurance company. Each member, also called subscriber, pays premiums into a common fund, much like a traditional insurance company. However, in a reciprocal insurer, the fund is owned by the members themselves, not by external shareholders, and governed by a Subscriber Advisory Committee. Trident keeps a fixed percentage from the premiums we collect for operating costs, and the rest goes towards managing claims, securing reinsurance, and building reserves to ensure enough resources are available to meet potential future claims. If there is money left over, members may benefit from lower premiums in the future or even dividends.
Reciprocal in a Nutshell
A reciprocal insurer is a collective safety net that combines the benefits of mutual ownership with a more personalized approach to insurance, creating a system where each member’s needs and interests are central to how the insurer operates.
Cost Efficiency
Lower overhead costs allow savings to be passed back to members.
Customization
Reciprocal insurers can often tailor policies to the specific needs of their members, offering more personalized coverage.
Alignment of Interests
Because we take only a fixed fee, earning profits does not conflict with our duty to pay claims, creating a system where each member’s needs and interests are central to how the insurer operates.
Financial Stability
When choosing insurance, financial stability matters.
Trident Reciprocal Exchange has the reserves and resources to fulfill its promise to you without delay.
Our rating from leading nationally recognized rating agencies KBRA and Demotech, reflects our responsible management of reserves and risk, ensuring we have the capacity to cover future claims and the long-term strength to protect your interests.
