SageSure One Expanding California Homeowners Coverage

SageSure One is expanding its California homeowners insurance offerings.

The new product, from Olympus Insurance Co., provides up to $20 million in total insurable value.

The non-admitted HO5 homeowners product is designed for higher-value California homes, with coverage beginning at $1 million in Coverage A. The open-perils policy targets properties that fall between standard homeowners insurance and high-net-worth insurance markets.

Homes in “Very High Fire Hazard Severity Zones” may qualify for coverage if they have a verified Insurance Institute for Business & Home Safety Wildfire Prepared Home Plus designation, along with noncombustible structural hardening and defensible space measures, according to the firm.

SageSure One also provides a dedicated consultant to serves as a contact for producers and policyholders from initial quotes through renewals. During claims, the consultant acts as a liaison between policyholders, producers and adjusters, according to the firm.

The Olympus capacity adds to SageSure One’s existing California homeowners programs through SURE and SafePort Insurance Co. SageSure One is also available in Florida, New York and Texas.

SageSure is a residential property managing general underwriter specializing in catastrophe-exposed markets. The company operates in 16 states.