SageSure Expanded Markets Introduces Program’s First Dwelling Fire Product

May 14, 2024 at 07:00 AM EDT

The program’s newest surplus lines product for primary, secondary, tenanted, and seasonal homes is now available in four coastal states.

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced the launch of its first Expanded Markets surplus lines dwelling fire product in Louisiana, New Jersey, South Carolina, and Texas.

The latest Expanded Markets offering is developed to meet the increased demand for fire dwelling products in coastal states. According to the latest US Census figures, more than 34.8 percent of housing units were renter-occupied, with even higher concentrations in coastal areas, representing a significant market for secondary, tenanted, and seasonal home coverage.

“The addition of the DP3 product to the SageSure Expanded Markets program demonstrates our commitment to identifying and meeting demand in coastal states,” said Dan Maloney, Vice President of Expanded Markets at SageSure. “Dwelling fire products are one of the most requested by producers in our markets. We are excited to offer this new solution to help our partners grow their book of business and meet the needs of their clients.”

Launched in 2023, the SageSure Expanded Markets program leverages third-party products to complement the SageSure Signature product suite. Expanded Markets provides access to highly rated capacity with broader eligibility criteria in some of the most challenging markets in the US.

"SageSure is proud to deliver the products our producers want to write and the experience they deserve," said Terrence McLean, President and CEO of SageSure. "We look forward to introducing Expanded Markets to more markets in the future."

To learn more, visit sagesure.com/besure/expanded-markets/.

About SageSure

SageSure is the managing general agent specializing in coastal residential and commercial property insurance. SageSure offers more than 50 competitively priced insurance products in 14 coastal states on behalf of its carrier partners, serves more than 550,000 policyholders, and has more than $1.7 billion of inforce premium. Since its launch in 2009, SageSure has been pioneering property insurance through its market-leading online quoting and binding platform and its sophisticated risk modeling and scoring technology. For more information, visit sagesure.com.