PURE Home Insurance: A Review

PURE home insurance is a specialized policy for high-value homes that offers extensive coverage, high limits, and personalized services.

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If you own a luxury home and want to protect your lifestyle and assets, PURE home insurance might be a good option for you.

In this article, we will review the features, benefits, and drawbacks of PURE home insurance, and help you decide if it is right for you.

What is PURE home insurance?

PURE home insurance is a product of Privilege Underwriters Reciprocal Exchange (PURE), a member-owned company that caters to high-net worth homeowners.

PURE home insurance is designed for homes insured for $1 million or more, and offers features such as:

1.Guaranteed replacement cost

This means that PURE will pay the full cost of rebuilding your home after a covered loss, regardless of the policy limit or the actual cash value of your home.

2.Jewelry coverage

PURE home insurance includes a generous amount of coverage for your jewelry, art, and other valuable collections.You can also schedule your items for higher limits and broader protection.

3.Flexible rebuilding options

If your home is damaged or destroyed by a covered peril, you can choose to rebuild it at a different location, or take a cash settlement instead of rebuilding.

4.Complimentary risk assessment

PURE offers a free service called PURE Home Spotlight, which evaluates the potential risks and vulnerabilities of your home, and provides recommendations to improve your safety and security.

5.Mitigation and concierge services

PURE also offers complimentary services to help you prevent and recover from natural disasters.

What are the benefits of PURE home insurance?

PURE home insurance has several benefits for high-value homeowners, such as:

1.High-quality coverage

PURE home insurance provides comprehensive and customized coverage for your home and belongings.

2.Member dividends

As a member-owned company, PURE pays out dividends to its policyholders if claims are lower than expected each year.

You can choose to receive the dividend as a cash payment, or apply it to reduce your premium or deductible.

3.Excellent customer service:

PURE home insurance has a reputation for providing exceptional customer service, with a 95% renewal rate and a 97% claims satisfaction.

PURE also has a team of dedicated professionals, called PURE Member Advocates, who can assist you with any aspect of your policy.

4.Mobile app:

PURE home insurance has a user-friendly mobile app that allows you to manage your policy.

You can also use the app to add new jewelry to your schedule, request a quote, or contact a PURE Member Advocate.

What are the drawbacks of PURE home insurance?

PURE home insurance also has some drawbacks that you should be aware of, such as:

1.High eligibility criteria

PURE home insurance is only available for homes valued at $1 million or more.

You also need to have a good credit score and a low claim history to be eligible for PURE home insurance.

2.Limited availability

PURE home insurance is not available in every state, and may have different coverage options and prices depending on your location.

You can check the availability of PURE home insurance in your state on their website.

3.Broker dependency

PURE home insurance does not offer direct quotes or online purchases.

This may add some extra time and hassle to your insurance process.

Is PURE home insurance right for you?

PURE home insurance is a great option for high-value homeowners who want to protect their luxury lifestyle and asset.

However, PURE home insurance is not for everyone, and you should consider your budget.

You should also compare PURE home insurance with other home insurance companies and policies to find the best deal for you.

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