Palomar and PURE Programs Introduce Offering for High-Value Homes Under Construction

by | Jul 14, 2021 | Announcement

We’ve announced a new partnership with PURE Programs, LLC, to offer owners of high value homes undergoing complex construction projects a new specialized Excess & Surplus (E&S) lines insurance and risk management solution.

The program is designed for luxury construction projects requiring up to $20 million of coverage, inclusive of ground-up new builds, major renovations, and additions. Some of the more notable benefits of this new offering include:

  • Proactive Risk Management. PURE risk management specialists help customers reduce the likelihood of experiencing a loss during construction. They will conduct an on-site PURE360™ Consultation to assess vulnerability to risk, provide actionable advice, and collaborate with customers and builders to ensure homes are well-protected during construction and long after.
  • Superior Claims Service. If a loss occurs, customers benefit from PURE’s experienced team of in-house adjusters who handle claims quickly, efficiently, and empathetically. PURE Member Advocates will also take on the administrative tasks like locating a vendor or finding alternative housing, and provide claimants with a single point of contact for support. A uniquely broad policy form helps to reduce out of pocket losses.
  • Expert Advice to Build Resiliency. PURE Programs provides consultative advice to help customers make choices during the construction process that will strengthen their home for many years to come. This includes a Guide to Building a Resilient Home as well as an optional consultation with a Resilient Home Advisor.

As we look to capitalize on our capabilities within our recently launched PESIC E&S platform, PURE Programs stood out as a differentiated partner, ultimately, the goal with all of our program partnerships is to provide data-driven strategic offerings that address market needs, and provide steady returns for our shareholders with partners who are leaders in their specialized sectors. PURE Programs and its affiliated businesses, including PURE Insurance, fit this requirement in the high value builders risk insurance space, and we could not be more excited to commence this partnership.

View Announcement Here

Palomar partners with PURE Programs LLC

Jason Sears

Jason Sears

Jason Sears is the Senior Vice President and Head of Programs at Palomar. He has nearly three decades of experience in the insurance industry, including executive roles with multiple nationwide insurance providers.
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