WHITE PLAINS, N.Y., April 1, 2013 /PRNewswire/ -- Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property/casualty insurer that exclusively caters to high net worth individuals and families, has announced that it will begin accepting new members (policyholders) in Colorado. To kick off their launch, this month PURE has initiated a multi-channel media campaign to help introduce Colorado families to a new level of coverage and service available to them in the market.
A Smart New Solution for Colorado's High Net Worth Families
PURE specializes in meeting the needs of successful families, and offers coverage and service that is often broader than that offered by standard carriers. As a policyholder-owned company, PURE emphasizes transparency and alignment and is managed for the benefit of its membership. For example, as part of PURE's capital management strategy, PURE credits underwriting profits back to its membership in the form of Subscriber Savings Accounts. This alignment of interests, coupled with careful selection of members and a focus on risk management, enables PURE to deliver quality coverage and a higher level of service for less. Since PURE began writing policies in 2007, members have reported an average annual savings of more than 25% on their insurance premiums.*
A Unique Approach to Coverage and ServiceIn 2012, due to natural disasters like the Waldo Canyon fire and catastrophic hailstorms, thousands of families in Colorado faced extensive damage to their homes and property. In the most severe cases, families that suffered total losses were forced to rebuild their homes from the ground up. Upon reviewing their losses, homeowners looked to their insurance providers for coverage and service to help them rebuild. "Natural disasters pose a unique set of challenges to homeowners, and it's in circumstances like these that families often take a closer look at how their insurance responds," said Ross Buchmueller, President and Chief Executive Officer with PURE. "PURE offers the coverages and services that are imperative for Colorado's most successful families seeking to protect their extraordinary homes." PURE is committed to helping members better protect their property to decrease the likelihood of a claim, and features a team of Member AdvocatesSM, who are on hand to assist members before, during and after a loss. PURE's Member Advocates offer members a number of proactive risk management services, including complimentary home risk appraisals, thermographic inspections and domestic employee background checks.