Co-op Insurance

Co-op insurance, or cooperative insurance, is a type of insurance model where members of a community pool their resources to provide coverage for one another. Each member pays premiums into a collective fund, which is then used to pay claims when needed. This structure emphasizes mutual support and can lead to lower costs and more personalized service. The idea is that everyone shares the risks and benefits, promoting a sense of community. Co-op insurance can cover various needs, including health, property, and auto, depending on the cooperative's focus.