The PURE Group of Insurance Companies announced on Monday the expansion of its PURE Program, an Excess & Surplus (E&S) line offering designed to protect higher risk homes insured for $1 million or more, into South Carolina.
Under the expansion, PURE policyholders in South Carolina will benefit from broader coverage than is typically found in the high net worth E&S market, along with the same claims, risk management and member advocate services afforded to PURE members.
Among other things, the firm said brokers benefit from a more efficient quoting, underwriting and administrative process including filing taxes and fees, agency download and a direct bill option with 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 will bring a much-needed upgrade to the high-value home E&S market in South Carolina,” said Martin Hartley, chief operating officer at the PURE Group of Insurance Companies. “PURE Programs will transform the E&S insurance experience for high net worth families with higher risk homes, and for the independent brokers who serve them.”
PURE Programs is currently available in Florida and South Carolina and will be introduced in additional states in 2017. Licensed P&C brokers in these states do not need to hold an E&S License to introduce business to PURE Programs, said the firm.