Other Pure Insurance Perks Worth Considering
If youre considering PURE Insurance, the following perks may stand out and help you make your decision.
- Mobile app: The companys mobile app received a score of 3.7 out of 5 on the App Store and is unrated on Google Play. If you prefer to manage your insurance on your phone, this mobile app may be a perk.
- PURE Art Services: If you need help preserving, enhancing, managing or creating valuations for your art collection, PURE can help.
- Watercraft coverage: If you have a sailboat, yacht or anything in between, PUREs watercraft coverage may be of interest.
- Identity theft coverage: If a high net worth individual has their identity stolen, numerous assets could be put at risk. Identity theft coverage could help you maintain peace of mind.
- Condo and co-op insurance: This coverage is specifically tailored to homes in cities and the unique risks that they face.
Pure Car Insurance Coverage Options
Standard options such as liability, collision, comprehensive and uninsured/underinsured motorist coverages are available through PURE. The company specializes in covering rare and luxury vehicles everything from vintage classic cars to expensive sports cars can be insured with commensurately high coverage limits. PURE also offers some unique coverage options that may appeal to policyholders in anticipation of what a high-worth or unique vehicle would need to be sufficiently protected.
Unless you add an endorsement for replacement cost coverage, car insurance claims payouts are usually paid on an actual cash value basis. ACV deducts for depreciation, which may leave you in a financial situation where youre not left entirely whole by your insurer after an accident. With agreed value coverage, you and your insurance company decide on a fixed amount for the insured vehicle without accounting for depreciation this ensures youre receiving enough to fully replace your vehicle. PURE also offers this coverage without requiring a deductible first.
Also known as gap insurance, lease gap coverage protects you financially in the event of the total loss of your financed vehicle. If your agreed value settlement doesnt cover the balance on your car loan, your PURE policy will cover the difference.
For up to 90 days, your PURE policy follows you anywhere in the world to protect your property and liability.
Pure Insurance Home Insurance
PURE home insurance coverage is specifically designed to cover luxury homes valued at $1 million or more. Since many luxury homes include custom features, PURE strives to provide home insurance options that can be specialized. The company offers flexible rebuilding options so that you can choose whether to rebuild your home or receive a cash settlement in the event of a covered loss. PURE also offers guaranteed home replacement cost, jewelry coverage , broad coverage for sewer and drain backups, flexible deductible options and coverage to help you prevent losses that have previously occurred.
Coverage.com, LLC is a licensed insurance producer . Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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How Do I Submit My Payment
Online payment. Log in to your online account.
Pay by phone. Call Member Services at 888.813.7873, Monday Friday from 7:00AM 9:00PM ET and Saturday from 8:00AM 8:00PM ET.
Pay by check. Attach the payment coupon located at the bottom of your bill, include your member ID on the check and mail it to the appropriate address below.
- For standard mail:PURE Insurance, Lockbox #2655, PO BOX 95000, Philadelphia, PA 19195-0001
- For overnight mail: Attn: Accounting, PURE Insurance, 44 S Broadway, Suite 301, White Plains, NY 10601
Autopay.To have premiums automatically drafted from a checking account, credit card or debit card, log in to your online account or call Member Services at 888.813.7873. If you choose to use autopay with a credit and debit card, you must pay the full balance annually. For checking accounts, you may choose to pay the minimum due quarterly or the full balance annually.
Pure Insurance Home Insurance Cost
Since PURE home insurance is specifically designed to cover luxury homes, its no surprise that its average premiums are higher than the national average cost of home insurance. Across different dwelling coverage limits, PURE policies cost, on average, between about $200 to $400 more than the national average per year.
|Dwelling coverage limit|
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Making Members Lives Easier
Your single point of contact before, during and after a claim. PURE Member Advocates are here to helpbe it locating a vendor to install an automatic water shut-off system, setting an appointment with a fine art expert to appraise your collection or taking on tasks like finding a rental car or a place to stay.
How Do I Sign Up To Receive My Bills Electronically
Visit your online account or email
Opening your electronic bill.When you click the PDF attachment received in your email, enter your billing zip code when prompted for your password. Note that you can also access our one-time payment site directly from the PDF.
Obtaining a hard copy of your statement.You can print a copy of your statement at any time from your online account. You may also contact your broker or Member Services at 888.813.7873 or to request a copy.
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Pure: Compare Ratings & Insurance Coverage In 2023
PURE is a member-owned insurer and a part of the PURE Group of Insurance Companies, a specialist group of companies serving the personal insurance needs of financially successful families across the United States. Collectively, the companies that make up the PURE Group benefit the PURE membership by creating excellent financial strength and providing a strong sense of alignment. PURE Insurance offers high-value insurance to customers.
Pure Group Of Insurance Companies Introduces Pure Programs
WHITE PLAINS, N.Y. Jan. 5, 2017 The PURE Group of Insurance Companies, which includes Privilege Underwriters Reciprocal Exchange , the policyholder-owned property and casualty insurer designed for high net worth individuals and families, announces the launch of PURE Programs, providing an Excess & Surplus homeowners solution for individuals with higher risk homes insured for $1M or more.
PURE Programs has been designed to deliver an unrivaled experience for high net worth individuals with higher risk homes, and the independent brokers who serve them. With PURE Programs, policyholders benefit from broader coverage than is typically found in the E& S market, along with the same kind of exceptional claims, risk management and Member Advocate services afforded to PURE members. Brokers benefit not only from knowing their clients are well served, but also from a better process including agency download and direct client bill with 30 days to pay, leading to better agency economics.
“High net worth families needing an E& S solution have long been underserved,” said Oscar Seikaly, CEO of NSI Insurance Group. “Now PURE Programs provides the high level of service my clients want, even when insuring their high risk home.”Highlights of the program include:
“I’m sleeping better knowing that, in the event of a loss, my E& S clients will be well-served by PURE’s standard of claim handling,” said Brad Havemeier, President of Gulfshore Insurance.
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Am Best Upgrades Credit Ratings For Members Of Pure Group Of Insurance Companies
OLDWICK, N.J.—-AM Best has upgraded the Financial Strength Rating to A+ from A and the Long-Term Issuer Credit Ratings to aa- from a+ for both members of the PURE Group of Insurance Companies : Privilege Underwriters Reciprocal Exchange and PURE Insurance Company . PIC and PURE Risk Management LLC, which serves as attorney-in-fact for PURE, are wholly owned subsidiaries of Privilege Underwriters, Inc. The outlook of these Credit Ratings has been revised to stable from positive. PURE and PIC are domiciled in Fort Lauderdale, FL.
The ratings reflect PURE Groups balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
The rating actions consider implicit and explicit support provided by the ultimate parent, Tokio Marine Holdings, Inc., its lead insurance operating company, Tokio Marine & Nichido Fire Insurance Co., Ltd. , and the affiliation between the U.S. subsidiaries of TMNF. The recent execution of an unconditional keep-well agreement between TMNF and PURE in addition to the recapitalization of PURE by TMNF were the key factors that led to these positive rating actions. PURE Group aligns TMNFs strategy of expanding its international business through acquisition in developed and emerging markets, in addition to providing diversification of revenues and customer segments.
The Pure Group Of Insurance Companies
Employees say:We are constantly having events within the department where we are encouraged to get to know one another. There are clear efforts by management to ensure that new hires feel like they are a part of the office community. PURE understands that people spend a great deal of their time at work, and try to make the office culture one that employees are excited about.Read the Great Place to Work review.
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About Our Nps Benchmarks
CustomerGauge NPS Benchmarks collates and publishes any publicly available Net Promoter Score from industries all across the globe, with the added ability of allowing companies to submit their own Net Promoter Score for publication. We aim to not only share NPS scores, but verify and present them in the most transparent way.
Net Promoter, NPS, and Net Promoter Score are trademarks of Satmetrix Systems, Inc., Bain & Company, and Fred Reichheld.
Tokio Marine Holdings Acquires Pure Group
One blockbuster acquisition down, another one to go. After acquiring NAS Insurance in April, Tokio Marine Holdings is continuing its M& A streak, announcing today that it has reached an agreement to purchase Privilege Underwriters from investors led by Stone Point Capital and KKR. The transaction is excepted to close in Q1 2020.
PUI does business through the PURE Group of Insurance Companies, which provides insurance solutions to the high-net-worth market in the US and has grown organically by over 20% every year for the past 12, with inforce premiums of more than $1 billion. PUIs specialty companies include PURE Risk Management, PURE Insurance Company, managing general underwriter PURE Programs, and Haven Art Group, a fine art services and claims management company.
The PURE Group companies will become wholly-owned subsidiaries of HCC Insurance Holdings, with the exception of Privilege Underwriters Reciprocal Exchange.
Ross Buchmueller, president, CEO and founder of the PURE Group, will stay at the helm of the organization as an independent operating unit under the Tokio Marine Group. The specialty insurer has its headquarters in White Plains, NY and counts 10 offices across the United States, employing around 800 people.
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Pure Home Insurance Coverage Options
PURE offers a number of features that set them apart from many standard home insurance companies. While you can find the same types of coverage for your dwelling, personal property and liability, the limits available go far beyond those of most companies. Furthermore, PURE offers numerous extra coverage options that may appeal to high net-worth individuals. Below you’ll find options available to PURE members.
It can be tricky to determine the cost of rebuilding a home especially if it has custom or unique features. Guaranteed replacement cost ensures that your home can be rebuilt like it was before, even if it exceeds your coverage limits.
Policyholders are given the choice to replace, rebuilt, or receive a cash claims payout if the home is destroyed. Depending on the type of damage, you may not want to rebuild or replace the property, so PURE provides the choice of a cash settlement instead.
PURE Insurance has an online member portal where PURE customers can access most policy options.
- Insurance ID cards
- Claims management
The PURE Insurance mobile app has a number of features similar to those above. However, the PURE app also includes added perks, including the following:
PURE home insurance discounts
Like with auto insurance, PURE is similarly vague about applicable discounts on a home insurance policy but hints that lowering your risk profile will lead to some savings. A few examples include:
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Pure Private Fleet Auto Insurance
PURE’s auto insurance program, Private Fleet, is designed for families who own more cars than there are drivers in the household. By virtue of the fact that not all cars will be driven at the same time, there are lower premiums that can be offered.
All of the vehicles in the household are covered under one policy including collector cars and motorcycles.
How Much Does A Director Of Internal Audit Make At Pure Group Of Insurance Companies In The United States
Average PURE Group of Insurance Companies Director of Internal Audit yearly pay in the United States is approximately $164,266, which is 16% above the national average.
Salary information comes from 3 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalized comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.
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Not Sure If Pure Is Right For You Consider These Alternatives
PURE Insurance wont be the right choice for everyone. If youre interested in exploring other options, you may want to consider the following providers.
- State Farm: State Farm is consistently one of the highest rated insurance providers on the market. The company offers home, auto and life insurance, so if youre looking for a provider that offers all three of these product lines, you may want to research State Farm.
- USAA: USAA only writes policies for members of the U.S. military, veterans and qualifying family members. If you qualify, you may appreciate certain features geared toward the needs of military families. The company is consistently highly rated in customer satisfaction and financial strength.
- Nationwide: If you want an auto and home insurance provider that also offers highly rated life insurance, you may want to consider Nationwide. Nationwide won a 2022 Bankrate Award for best universal life insurance provider.
Other Pure Insurance Benefits
PURE Insurance positions itself as more than just a simple insurance company. This is reflected in the terminology that the company uses to designate its customers: members. Truly, PURE Insurance goes beyond what is expected of most insurance companies, offering members a host of services catered to their unique needs as higher-net-worth individuals. Some of these benefits include the following:
- Pure Member Advocates®: Described as an insurance “concierge,” these advocates are meant to assist you with an array of insurance matters from handling claims to setting up appointments with appraisers of fine-art
- Pure Risk Managers: Risk managers will help to assess your home for potential risks and make recommendations on minimizing them.
- The Haven Art Group: PURE members can access the services of the Haven Art Group to help maintain their private art collection.
- PURE Cybersafe Solutions: A dedicated team that helps to correct or prevent cyber-attacks and identity theft.
- Wildfire Mitigation Program: PURE can help homeowners in wildfire-prone areas assess and minimize the risk of loss.
While the average driver or homeowner will not likely have much use for such programs, the core clientele that PURE Insurance is aiming for will likely welcome these additional services.
Canceling Pure Insurance
Canceling PURE Insurance cannot be done online. To cancel your PURE policy, contact PURE customer service by calling 1-888-813-7873 or emailing email@example.com.
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Pure Car Insurance Discounts
PURE does not openly advertise discounts on car insurance but claims policyholders can lower premiums by:
- Insuring more cars than drivers
- Keeping your childs vehicle at home while theyre away at college
- Limiting the number of days you drive your collector car
One thing all three of these factors have in common is that they contribute to a reduced risk profile which is exactly what insurers like to see in their policyholders. PURE suggests there could be other cost-cutting measures if you take steps to lessen the risk you present.
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What Are My Billing Plan Options
You will be billed on a quarterly basis but can choose to be billed annually. To update your billing preferences, contact Member Services at or .
Billing accounts and setting up multiple payors.If you have multiple PURE policies, you can create multiple billing accounts sent to different payors. Billing accounts can be set up for members, other individuals and legal entities. Please contact your broker or Member Services at 888.813.7873 or .
Billing your mortgage company.If PURE is advised that your mortgage company is your policys payer, we will bill your mortgage company directly. The Homeowners policy that is billed to your mortgage company will not appear on your billing statement, nor will you receive a copy of the mortgagee bill. Note that mortgage companies will sometimes make payments for premium only. Contact your mortgage company to notify them that they must also include payment for surplus contributions and state mandated taxes/fees, if applicable.
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