Sage Insurance Increases Capacity, Coverage for Secondary Homes in California

December 12, 2019

Sage Insurance Holdings LLC (Sage), a California wildfire-focused homeowners insurance provider, has increased its capacity and will now write exposures up to $4 million TIV. For a primary home, that translates to an allowable Coverage A of $2.1 million.

In addition, Sage has changed the required minimum limits for contents and additional living expenses when the home is a secondary or seasonal. It now allows Contents of 10% of Coverage A and 0 ALE—which means it will write secondary and seasonal homes of up to $3.3 millon.

“There is an urgent need for specialized solutions to protect California homes. In the face of tragic wildfires, accessing insurance should be one of the simple solutions, and we will continue to work toward greater capacity thresholds and higher coverage limits for California homeowners,” said Sage CEO and Co-Founder Will Dolan.

Sage’s approach combines decades of data and research from its fire scientist with the experience of an underwriting team. Coverage is accessible to appointed broker partners through a digital platform. Our specialized risk models, geographically specific to the diverse landscapes of the state, allow Sage to provide HO5 and HO3 coverage at a price that’s appropriate for the exposure.

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