Newswire

PURE Insurance Launches PURE Home Spotlight Home Buying Report

The PURE Group of Insurance Companies (the PURE Group), which includes Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has launched PURE Home Spotlight, a benefit exclusively available to the PURE membership. This report includes data and insights on property-specific risks that could identify homes at greater risk for future insurance claims and provides an initial indication of whether the home would be insurable with PURE.

“Historically, about one in seven PURE members has purchased a home in a given year. With mortgage rates at an all-time low and the growing demand for vacation homes and suburban residences, we could see an increase in real estate shopping among the PURE membership,” said Matt Schreibeis, head of member experience for the PURE Group of Insurance Companies. “PURE Home Spotlight adds greater transparency and confidence to the home buying process for our members, while reducing the friction that comes when finding out too late that the home may not be insurable or that insurance may not be as affordable as expected.”

Specifically, the report includes: hazard data on threats such as fire, flood, hail and earthquake; loss history, indicating if property claims had been filed for an MLS-listed location within the past five years; permit data, where allowed, a summary of the publicly filed permits on the property, highlighting the date and valuation for projects including repairs and improvements and insurability rating, beginning the underwriting process and indicating the likelihood that PURE would insure this property based on available data.

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