The PURE Group Expands Excess & Surplus Lines Offering Into California
WHITE PLAINS, N.Y., Dec. 10, 2018 /PRNewswire/ -- The PURE Group announces the expansion of PURE Programs into California, giving owners of high value, high-risk homes in the state access to broader coverage than is typically found in the high net worth Excess & Surplus (E&S) market, along with access to the same claims, risk management and Member Advocate services that you would expect from the PURE Group. In addition, brokers who serve these individuals will benefit from a faster, easier and more efficient process. This offering is being introduced at a pivotal time for California residents, as many insurance carriers are changing their underwriting appetites in response to recent devastating and unprecedented wildfire activity.
Highlights of PURE Programs include:
Broad coverage specifically designed to address the needs of high value homeowners: Included in PURE Programs' High Value Homeowners policy is Extended Replacement Cost coverage, which provides up to 200% of the insured limit for non-wildfire related losses and up to 125% of the insured limit for wildfire related losses (with the option to purchase up to 150% of the insured limit for wildfire related losses), should the cost to rebuild after a loss prove greater than the limit of insurance shown on the declarations page; a waiver of the All Other Peril deductible in the event of a large loss; and a loss prevention allowance to help cover the cost of taking steps to prevent a loss from reoccurring. In California, PURE Programs also offers Coverage for Earthquake, Excess Flood, Jewelry, Fine Art and other Collectibles by endorsement, and a Builders Risk policy for homes under construction or renovation.
Access to the PURE Group's claims and risk management services: PURE Programs' customers have access to concierge-level services, including but not limited to:
- PURE360™ Risk Management Consultation: Designed to help determine the right amount of coverage and to educate on ways to prevent losses from happening in the first place
- PURE Member Advocates®: A team of professionals who deliver concierge-level service before, during and after a claim
- Best-in-Class Claims Handling: When a policyholder calls to report a claim, they speak directly to a licensed in-house adjuster, which means they often tell their story once and the settlement process begins immediately.
- Wildfire Mitigation Program: Pre-fire and emergency response services intended to reduce—or even prevent—loss from a wildfire, including an inspection of the policyholder's property to identify vulnerabilities, assistance with implementing risk prevention recommendations and requirements, and assistance from our preferred mitigation vendors if their home is actively threatened by a wildfire.
- The PURE Situation Room™: An always-on resource that proactively notifies customers when severe weather threatens their home, and offers resources to help keep their home and family safe.
- Catastrophe Response Capabilities: When a catastrophic event is forecast, our catastrophe team is deployed to the area along with emergency equipment and supplies. We have contracts in place with arborists and restoration firms, reserving them exclusively for policyholders, significantly reducing or eliminating wait time.
A more efficient process for brokers: In addition to the confidence that their clients are better served, brokers benefit from a more efficient quoting, underwriting and administrative process, agency download and a direct bill process with quarterly billing and up to 30 days to pay. In addition, brokers work directly with PURE Programs' dedicated in-house high net worth E&S underwriters as well as PURE Programs' state-of-the-art policy quoting and administration systems.
"PURE Programs has moved the Personal Lines E&S market into the 21st Century. By committing to a mission which focuses on client protection and broad based logical services, coupled with the ease of business for the broker, they are propelling some much needed change," said Steven Brown of Hoffman Brown Company.
In addition to California, PURE Programs is also available in Florida, Massachusetts, New Jersey, New York, North Carolina and South Carolina, and will be introduced in additional states in 2019. Licensed P&C brokers in these states do not need to hold an E&S License to introduce business to PURE Programs. To learn more about PURE Programs, please visit www.pureinsurance.com/programs
About PURE Programs
PURE Programs, a managing general underwriter and member of the PURE Group, is specifically designed for successful individuals and families that require a non-admitted solution and offers an unmatched experience for both retail producers and policyholders. PURE Programs, LLC holds producer licenses in some, but not all states. Policies are underwritten by independent partner insurers who are rated A or better for financial strength by A.M. Best. Policies arranged by PURE Programs do not confer the benefits of being a Privilege Underwriters Reciprocal Exchange member, including Subscriber Savings Accounts. California license #0L59097.
SOURCE The PURE Group of Insurance Companies
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