PURE Expands P&C Coverage to Owners of High-Value Homes in Louisiana

Privilege Underwriters Reciprocal Exchange (PURE) announced the expansion of its customized property and casualty insurance coverage to owners of well-built, high-value homes in Louisiana.

The Exchange serves more than 13,000 affluent individuals and families by offering high-value homeowners, private fleet auto, fine art and jewelry collection, personal excess liability and watercraft insurance.

“Since 2005, $14 billion have been invested in improvements in New Orleans’ levees and flood walls, as well as in the enforcement of stricter building codes,” said Martin Hartley, Chief Operating Officer and head of underwriting for PURE. “These improvements have made Louisiana a more attractive market for insurers like PURE to begin writing business, and will help ensure that more of Louisiana’s homeowners are able to find adequate coverage.”

Following a major claim, the high value homeowners policy covers the cost of repairing or replacing damaged property and, in some cases, will contribute up to $2,500 to the cost of preventing a similar loss from re-occurring.

Source: PURE