SURE and SageSure Introduce New Commercial Capacity to North Carolina

HOUSTON, TX – August 19, 2024 – SureChoice Underwriters Reciprocal Exchange (“SURE”), a policyholder-owned reciprocal exchange, in partnership with SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced its entrance into North Carolina’s commercial property market with its latest business owners policy (BOP) offering.   

SURE BOP is now SageSure’s second commercial program available in the state, following SafePort Insurance Company’s BOP program launch in August 2021. The SURE BOP program offers commercial property and general liability coverage for small and mid-sized businesses in North Carolina, now with $10 million TIV limits per location. The solution provides much-needed coastal capacity amid hard market conditions.  

“SURE is excited to expand its BOP footprint to North Carolina,” said Ed Konar, President of SURE. “As demand for commercial capacity in coastal states steadily increases, we are committed to being a reliable market for highly rated coverage.”  

Expanding on SURE’s previous BOP offerings, this product can accommodate more than 400 business classes across eight industries, including restaurants, offices, wholesale, habitational, lessor risks, retail, service and processing, and artisan contractors, plus the new addition of hotels and motels.  

“SageSure continues to focus on introducing more commercial solutions where they are most needed,” said Victor dos Santos, President of Commercial Insurance at SageSure. “Our latest developments to our commercial program are informed by our close partnership with our producers so we can build reliable products they are excited to write.” 

SURE’s BOP program, which is also available in Texas, Louisiana, Florida, and South Carolina, is underwritten and distributed by SageSure and exclusively available through SageSure’s vast network of independent agents and national brokers.  

About SURE
SURE is the member-owned insurance company for reliable coastal property protection. Founded in 2021, SURE is managed by a team of experienced and passionate insurance leaders who believe in building a safer world, one coastal property at a time. With more than 180,000 policyholders and more than $520 million of inforce premium to date, SURE has grown rapidly to meet the needs of challenging markets while prudently managing exposure. As the first Texas-domiciled reciprocal since 2004, SURE is customer-focused by design and offers homeowners, dwelling fire, flood, and commercial coverage through an exclusive partnership with SageSure. SURE is rated A, Exceptional, by Demotech, Inc. and is currently available in Alabama, California, Florida, Louisiana, Mississippi, North Carolina, South Carolina, and Texas. To learn more, visit sureins.com.

About SageSure
SageSure is the managing general underwriter pioneering ways people protect their American Dream. A leader in catastrophe-exposed property insurance, SageSure was founded in 2009 to deliver reliable products, exceptional customer experiences, and strong underwriting results in challenging insurance markets. SageSure currently operates in 14 states and provides home, flood, and commercial coverage on behalf of its highly rated carrier partners. With more than $1.4 billion of inforce premium, 500,000 policyholders, and 670 employees across the country, SageSure is the largest residential property insurance MGU in the US. To learn more, visit sagesure.com.