SageSure expands California homeowners offering with $20 million TIV capacity from Olympus

By Michael Loney Oct 15 (The Insurer) — Residential property MGU SageSure said on Wednesday it had expanded SageSure One to California to address the growing premier homeowners segment. The MGU said the offering pairs specialized service with a custom, open-perils homeowners product with up to $20 million in total insurable value (TIV) from Olympus Insurance Company for resilient, higher-value California homes. “For too long, premier accounts have been placed with markets that weren’t built for them. We believe emerging luxury tier deserves their own insurance category,” said Terrence McLean, president and CEO of SageSure. “We designed SageSure One to close the experience gap.” The non-admitted HO5 product offers capacity for California homes starting at $1 million in Coverage A. Properties in Very High Fire Hazard Severity Zones may be eligible with a verified IBHS Wildfire Prepared Home Plus designation along with noncombustible structural hardening and rigorous defensible space standards. The new Olympus capacity further expands SageSure One’s footprint, joining SURE and SafePort Insurance Company’s homeowners programs in California. SageSure One is also available in Florida, Ne