Privilege Underwriters Reciprocal Exchange (PURE) Review

Privilege Underwriters Reciprocal Exchange (PURE) is an insurance carrier based in White Plains, NY. The company was founded in 2006 and offers flood insurance in 50 states (and Washington, DC). Flooding is the number one natural disaster in the United States. According to FEMA floods cost Americans more than a billion dollars a year. However, standard homeowners insurance policies don't cover flood damage. 

What types of coverage does Privilege Underwriters Reciprocal Exchange (PURE) offer?

Flood insurance includes a variety of coverages. One of the best ways to saving money on your home insurance is to only pay for the coverage you need. There are two main types of flood insurance: policies offered by the National Flood Insurance Program (NFIP) and those provided by private companies, also known as excess flood coverage. Privilege Underwriters Reciprocal Exchange (PURE) only offers federal flood insurance policies..

NFIP Flood Coverage: Flood insurance through the National Flood Insurance Progam has two basic policies. One that covers the building property up to $250,000 and one that covers personal property up to $100,000.

• Dwelling Coverage: Also called dwelling insurance. This is the part of your flood insurance policy that helps pay for the rebuilding or the repair of the physical structure of your home. Federal flood insurance has a maximum coverage of $250,000. If you have a mortgage, your lender may require you to apply for excess flood coverage.

• Personal Property Protection: This insurance protects the items in your home, like your furniture. If they're damaged or lost, personal property coverage could help you cover the cost of replacing them. Federal flood insurance through the National Flood Insurance Progam maxes out at $100,000. If that doesn't cover the value of your personal property, consider buying excess flood coverage.

Privilege Underwriters Reciprocal Exchange (PURE) customers can also add the following riders or endorsements to their home insurance policies:

How can you save money on a Privilege Underwriters Reciprocal Exchange (PURE) home insurance policy?

When you ask for a quote with Privilege Underwriters Reciprocal Exchange (PURE), make sure you ask for all the discounts you qualify for. These are the property-specific discounts currently available. 

Want more discounts? Check the discounts tab for a full list of general policy discounts you can qualify for with Privilege Underwriters Reciprocal Exchange (PURE).

What additional benefits does Privilege Underwriters Reciprocal Exchange (PURE) offer?

Privilege Underwriters Reciprocal Exchange (PURE) offers the following benefits to its customers:

• Local Agents: Perfect for people who prefer the personal touch of a local insurance agent.

What is the financial strength rating of Privilege Underwriters Reciprocal Exchange (PURE)?

The financial strength rating of an insurance company scores its ability to pay contracts and policies. Each agency has its own standards and rating scale and a company's rating can change any day. It's a good idea to check the financial rating of an insurance company before you purchase a policy. There are five main rating agencies.  SuperMoney's financial strength rating is based, among other factors, on the average score from available ratings.

Privilege Underwriters Reciprocal Exchange (PURE) scores an A or excellent, which is SuperMoney's second highest available score.