PURE Programs, a managing general underwriter unit of the PURE Group, is introducing a new program for retail insurance brokers to provide to clients that own high value homes in California that are at greater risk of loss due to wildfires.
The new high wildfire risk homeowners’ insurance program will cover high value homes directly adjacent to wildlands, with a wood shake roof, in an isolated location, or otherwise at greater risk of loss from wildfire – at pricing that reflects the increased risk faced by these properties, a release said. The offering will cover homes above $1 million in rebuilding cost.
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