PURE Expanding High Value Homeowners Coverage into Western States

PURE Specialty Exchange, the specialty surplus lines insurance carrier providing PURE members and high net worth families with services for their complex exposures, has expanded its high value homeowners coverage to six additional states.

The expansion includes: Arizona, Colorado, Hawaii, Montana, Utah and Wyoming.

The product is designed for homes in coastal and wildfire exposed areas, as well as short-term rentals and other challenging risk profiles, requiring up to $50 million in coverage that do not qualify for coverage with an admitted insurer.

PSE is a reciprocal exchange in which:

• Members help grow the carrier’s surplus through surplus contributions (a small fee that is paid in addition to their premium).
• Members appoint an attorney-in-fact to manage day-to-day insurance operations. PSE’s attorney-in-fact is PURE Specialty Risk Management, LLC.
• Underwriting profits or other surplus gains may be allocated to member savings accounts held in the name of each active member.

Additionally, members have access to the same claims, risk management, member advocate and service resources as PURE.

In addition to the new states, PSE’s high value homeowners coverage is available in Alabama, California, Florida, Georgia, Louisiana, Massachusetts, Mississippi, North Carolina, New Jersey and South Carolina.

PSE is a policyholder-owned domestic surplus lines insurer. Coverage from PSE is made available through PURE Programs.

PURE Programs LLC., is a managing general underwriter and surplus lines broker offering specialized excess & surplus (E&S) insurance and risk management services for PURE members and other high net worth families whose complex exposures do not qualify for coverage from an admitted insurer.

PURE Insurance is a property/casualty insurance company.

Topics Homeowners