Pure Insurance Reinvents Appraisal Process

Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer designed for high net worth individuals and families, announced the launch of the PURE360 Risk Management Consultation, a concierge-level, frictionless service to prevent losses and determine a fair home replacement cost.

As part of the PURE360, a risk manager produces a coverage valuation following a consultation at a member’s home. This valuation is an estimate of the cost to rebuild the home using comparable quality of materials and construction techniques.

A fact check phone call is made when a valuation is notably different than the purchased coverage amount. This allows for important information to be exchanged before the report is finalized. A formal appeals process allows members to have their valuation reviewed by a panel of independent experts if, for any reason, concerns remain about the estimate.

Other benefits:

Visit pureinsurance.com/360 for more information, including a sample PURE360 report and video.

Source: PURE