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Home CoverageClick a Question to Expand
Extended Rebuilding Cost for Dwellings: If the cost to rebuild your home after a covered fire is greater than the coverage limit you purchased, PURE will
pay the additional cost, up to an additional 100% of the dwelling coverage limit.
Why is it important?
We work hard to help our members insure to the correct values, but estimating the rebuilding cost of
a home is not an exact science and very often the actual cost of rebuilding is higher than the initial
estimate. This is particularly true for larger, high quality homes. This coverage extension applies to fire
and all losses other than ‘named storms’, and can provide literally millions of dollars of indemnity that
other policy contracts do not.
Demand Surge Coverage: If increased cost of labor and materials after a hurricane increases the cost to rebuild your home beyond the dwelling limit, PURE will pay up to an additional 25% of the dwelling limit for a covered loss to pick up these increased costs.
Why is it important?
The labor and materials needed to repair or rebuild your home after a major hurricane are in high demand, and this can drive up the costs substantially. The correct limit of insurance for your home should reflect the cost to rebuild under normal conditions, and this coverage extension provides a valuable buffer to protect against surging costs after a hurricane.
No Requirement to Replace or Rebuild: We’ll pay the full amount of the covered loss regardless of whether you replace the stolen contents, rebuild a
damaged structure or reconstruct your damaged home in the same way.
Why is it important?
You should be able to choose when and how you replace or repair your property, without a financial
penalty.
Rebuilding to Code: PURE provides up to an additional 25% of coverage A to cover the increased costs of rebuilding your home to
meet the most current building codes (with an option to buy up to 50% of coverage A).
Why is it important?
Building codes continue to tighten, pushing up the cost of building or rebuilding. This coverage offers
further protection against unanticipated costs after a loss.
Waiver of Deductible: If you have an ‘All Perils’ deductible of $25,000 or less, we will waive your deductible if you suffer a covered loss
greater than $50,000 (this enhancement does not apply to Wind, Earthquake or Sinkhole losses).
Why is it important?
Most people select a deductible to keep the cost of their insurance low and because they are not going
to file small claims anyway. After a major loss, we want to provide as much help as we can to get
things back to the way they were.
Optional Excess Flood: PURE offers coverage for flood losses over and above the National Flood Insurance Program (NFIP) coverage
limits of $250,000 for dwellings and $100,000 for contents, and also offers additional living expenses coverage
up to $25,000.
Why is it important?
Homeowners policies do not include coverage for flood, and during a hurricane, the damage from
flooding can exceed the damage from wind. The NFIP limits of coverage are adequate for most
homeowners, but as the owner of a high value home, the NFIP coverage leaves you with a major
uninsured exposure. By purchasing excess flood and wind coverage on the same policy, you also avoid
the difficulty that can occur after a storm in determining what amount of the damage was caused by
flood, and what amount by wind driven rain.
Back Up Sewer or Drain: Losses resulting from the back up of sewers and drains are covered to the full policy limits.
Why is it important?
If a sewer backs up and causes drains or toilets in the house to flood your home the cost to clean up
and replace or rebuild can be substantial. Low lying or flood prone areas are particularly prone to
sewer back ups.
Loss Mitigation Measures: In the event of a non-wind covered loss greater than $10,000 we will also pay up to an additional $2,500 for
approved loss mitigation measures.
Why is it important?
PURE is committed to reducing the cost of risk over the long term for members. By paying for the
installation of a water leak detection system following a loss resulting from a burst pipe, for example,
we can reduce the likelihood of another occurrence and keep our premiums low.
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