Wealthy Collier Country Owners to Receive Property Insurance Discounts

A new company is offering special reduced rate property insurance coverage for some of our areas most wealthy residents. It’s called PURE - Privilege Underwriters Reciprocal Exchange.

Lately property insurance rates have skyrocketed for everyone. Therefore, PURE wants to protect jewels, cars and art from hurricanes and thieves - while at the same time lowering insurance prices for wealthy Florida mortgage loan holders.

“Everybody thought they were paying too much and they were right,” said Ross Buchmueller, President of PURE.

The company will sell property/casualty insurance for high value homes, cars, jewelry, art and personal excess liability coverage. Buchmueller says by carefully selecting and screening all potential members, the company can offer lower interest rates than their competitors.

“Pooling only those who are well protected rather than subsidizing those who aren’t as well protected - the time is right and so far so good,” he said.

PURE says with certain coverage options, homeowners will be protected from both wind and water damage. Fear of these accidents occasionally prompt individuals from staying away from Florida home loans and residences in the state.

But there is a catch in the Collier County housing market, too: To receiver insurance from PURE your home has to be worth more than $1 million and be built to the latest codes and standards.

The company will also offer personal excess liability ranging from $5 to $10 million.