Insurer Writes Coastal Policies PUREly for $1 million and Up
March 13, 2008
The Charleston Regional Business Journal - 04/14/08
Coastal homeowners searching for wind and hail insurance coverage may have found it, if they meet the guidelines to join the exclusive club.
A Florida-based insurer plans to begin writing wind and hail coverage within the state's wind pool, a rare policy in an industry that tends to be fleeing the coast.
PURE High Net Worth Insurance, or Privilege Underwriters Reciprocal Exchange, received its license March 4, according to the S.C. Department of Insurance. It will begin writing policies as early as May, said Ross Buchmueller, company founder, president and CEO.