South Carolina 2020 GUIDEBOOK
Table of contents: WHO WE ARE
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WHAT WE DO
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SAGESURE BY THE NUMBERS
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OUR PRODUCTS
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THE SAGESURE POWER UP PROGRAM
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ENROLLMENT & CONTACT INFORMATION
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We are SageSure. An innovative insurance and technology company specializing in competitive property coverage for homeowners in coastal states. We bound our first policy in 2009. Since then, we’ve grown to serve hundreds of thousands of policyholders by partnering with financially strong carriers to offer more than 40 dependable products in 14 states across the country. Our one-of-a-kind approach allows us to offer competitive, dependable and highly rated products that win in the underserved areas that need them most.
AT SAGESURE, OUR MISSION IS SIMPLE: Provide high-quality, cost-competitive property insurance to underserved coastal markets.
2005 Insight Catastrophe Group is founded with a mission of providing software and services to help insurance companies writing in challenged markets make informed decisions.
SEPTEMBER 17, 2009
2007 Our first Tallahassee office opens with two employees.
Coastal Risk Underwriters writes its first admitted policy, begins a distribution partnership with GEICO and opens first underwriting office in Mt. Laurel.
OUR FIRST POLICY!
2013 Coastal Risk Underwriters officially rebrands to become SageSure Insurance Managers and secures another carrier partnership with FedNat Insurance Company.
2011 2008
2006
Coastal Risk Underwriters secures its first carrier partnership with IAT Insurance Group and first distribution partnership with Allstate.
A new distribution partnership forms with Farmers.
ICG begins a very successful partnership with HomeWise Preferred Insurance Company. This partnership makes the business scalable, allowing the founding of the managing general underwriter side of the business — SageSure Insurance Managers (at the time, named Coastal Risk Underwriters).
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2020 SageSure plans to launch its first commercial product, allowing us to continue protecting even more American Dreams.
2016 Cheshire office opens and MySageSure program launches.
$100M inforce premium
2014 Jersey City and Houston offices open. GEICO Internet Quoting enables GEICO customers to obtain a SageSure quote online.
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2017
2018 Our purpose and values are officially formed, defining why and how we do what we do.
$500M inforce premium
$250M inforce premium
Cincinnati office opens to enable the growth of the Sales and Marketing team.
2019 SageSure celebrates a Decade of Dependability — 10 years of providing insurance coverage for underserved markets.
Trust the homeowners experts. Our expertise and exclusive underwriting approach allow us to focus our efforts on catastrophe-prone areas. We plan for everything, so we’re ready for anything. At SageSure, writing coastal homeowners insurance isn’t just an accommodation…
...IT’S OUR SPECIALTY • We serve markets where the top 15 insurance carriers don’t offer capacity. • In 10 years, we’ve grown from one product in one state to more than 40 products in 14 states. • We are growing written premium by 30% annually in catastrophe-prone areas. • We’ve launched at least four new products each year for the last nine years. We’re always seeking feedback to make our products more competitive and our producers more successful. Our in-house customer service team does everything from addressing underwriting concerns to collecting premium payments and more. It’s all part of our commitment to help producers…
...DO MORE IN LESS • Our products come from financially strong carriers, highly rated by A.M. Best or Demotech. • We have never reduced producer commissions. • We make approximately 1,800 agent office visits annually. • We offer pricing stability for policyholders. 5
With diversified offerings and a balanced spread of risk, SageSure provides longterm stability and profitability for our producers. In fact, we have never pulled business from any state, for any reason. We promise continuous capacity, so you can trust that…
...WE’LL BE HERE • Our products come from financially strong carriers, highly rated by A.M. Best or Demotech. • We have never reduced producer commissions. • We make approximately 1,800 agent office visits annually. • We offer pricing stability for policyholders.
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SageSure by the numbers:
OVER $500M INFORCE PREMIUM
*
*Accurate as of June 2020
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We’ve got you. FROM COAST TO COAST, SAGESURE HAS YOU COVERED We proudly offer financially sound A.M. Best A- (Excellent) and Demotech A, Exceptional, rated residential property insurance products in 14 states. Below is a list of products we have available in each state by carrier. IAT (ADMITTED)
IAT (NON-ADMITTED)
Rated A- (Excellent) by A.M. Best
Rated A- (Excellent) by A.M. Best
ALABAMA
Occidental HO-3
Wilshire HO-3 | DP-3 | HWO
ALASKA
Occidental HO-3
CALIFORNIA CONNECTICUT
Occidental HO-3 | HO-5
MASSACHUSETTS MISSISSIPPI NORTH CAROLINA
Wilshire HO-3 | HO-5 Occidental HO-3
Wilshire HO-3
Occidental HO-3
Wilshire HO-3
HO-3 | HWO Occidental HO-3 | HO-5
NEW YORK
Occidental HO-3 | DP-3
S Wilshire HO-3
Occidental HO-3 | HO-5 | HO-6 | DP-3
Acceptance HO-3
TEXAS
Occidental HO-3 | DP-3
Wilshire HO-3
VIRGINIA
Occidental HO-3 | DP-3
* Our Wilshire Insurance and Acceptance Casualty Insurance Company products are surplus lines only. This is a condensed overview of the products for licensed producers only. It is not an insurance policy, nor does it provide complete eligibility information. Restrictions may apply. Information is subject to change. All risks are subject to underwriting approval and inspection. Please see detailed Underwriting Eligibility Overview (available in the Agent Portal at Agents.SageSure.com). All products not available in all locations. Product authority is determined by master contract agreements. All policy jackets and policy declarations supersede this overview.
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Serv
HO-3
NEW JERSEY
SOUTH CAROLINA
Acceptance HO-3 | HO-5
Harco HO-3
FLORIDA LOUISIANA
Rated
S
SAFEPORT INSURANCE COMPANY
INDEPENDENT MUTUAL FIRE
FEDNAT
Rated A- (Excellent) by A.M. Best
Rated A- (Excellent) by A.M. Best
Rated A, Exceptional, by Demotech
AL
HO-3
AK CA CT FL
HO-3
LA
HO-3 | HO-5 | DP-3
HO-3
MA MS NC
HO-3 HO-3 | HWO
NJ NY SC
HO-3 | HO-5
MHO
HO-3 | HO-5
TX
HO-3 | DP-3
MHO
HO-3
VA
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The SageSure PowerUp Program rewards our top producer partners with bonus pay, exciting perks and well-deserved prestige. Earn your spot in the PowerUp Program and you can earn even more.
PAY Keep the earnings coming in with bonus payouts based on reaching your specific performance targets throughout the year.
PERKS Gain access to exclusive benefits, digital seminars and promotions. Plus, take advantage of co-op funds to use on co-branded marketing materials.
PRESTIGE Receive white-glove service from our dedicated customer service team – and have the signage in your office to match.
*Perk and payment eligibility is determined on a case-by-case basis.
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RISE THROUGH THE RANKS With the SageSure PowerUp Program, the power is in your hands. Bind enough new business and you could be promoted to a new level at the end of each year. What will you achieve in the SageSure PowerUp Program? SAGESURE POWERUP PROGRAM QUALIFICATIONS LEVEL
NEW BUSINESS REQUIREMENT
TOTAL WRITTEN PREMIUM REQUIREMENT
SILVER
$50,000
$100,000
GOLD
$75,000
$250,000
PLATINUM
$100,000
$500,000
DIAMOND
$200,000
$1,000,000
DIAMOND ELITE
NA
$2,000,000
PERKS & PRESTIGE Every member of the SageSure PowerUp Program gains access to additional benefits and acclaim for being a top growth-driving producer, allowing you to grow your business even further and share your success. 2020 PERKS AND PRESTIGE
DIAMOND ELITE
DIAMOND PLATINUM
GOLD
SILVER
First access to select new products, programs and features
Recognition plaque
Digital marketing seminars
Co-op marketing dollars
$2,000
$1,500
$1,000
$750
$500
Swag Store welcome gift card
$100
$100
$50
$50
$50
Discounts for pre-license and continued education
Private digital marketing consultation
*
*
Business development fund
$3,500
$1,500
$1,000
Recognition plaque for every location
Policy Services elite access line
Exclusive partner trip
*Gold and Platinum producers must trade in their co-op funds for a digital marketing consultation.
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Partner with us. Becoming a producer partner is easy. Just visit SageSure.com/Producer-Enrollment and answer the questions on the page. After that, one of our territory sales managers will be in touch with you to complete the process! Once you’re enrolled, you’ll have access to our competitive proprietary products and the support of our entire team. We can’t wait to help you win.
YOUR TERRITORY SALES MANAGER SUSAN MILEY Territory Sales Manager (843) 258-3986 Susan.Miley@SageSure.com GARY CASON Regional Vice President of Sales, Atlantic (757) 508-8707 Gary.Cason@SageSure.com
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POLICY SERVICES Monday-Friday 8 a.m. to 9 p.m. EST; Saturday 10 a.m. to 3 p.m. EST (877) 304-4785, option 2 or PolicyServices@SageSure.com
CLAIMS (AVAILABLE 24/7) VIA TELEPHONE For all carriers call (866) 311-7243 VISIT US ONLINE MySageSure.com • Where policyholders can also create an account, make a payment and access policy documents at any time. CARRIERS IN SOUTH CAROLINA • FedNat Insurance Company • Occidental Fire & Casualty Company of North Carolina • Occidental Flood Claims • Service Insurance Company • Acceptance Casualty Insurance Company • Independent Mutual Fire Insurance Company
AGENCY SUPPORT / CONTRACTING Marketing@SageSure.com
QUOTE, BIND AND ACCESS YOUR POLICIES ANYTIME ONLINE AT Agents.SageSure.com
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“The man on top of the mountain didn’t fall there.” Vince Lombardi
SageSure.com
This booklet is not an insurance policy. Actual coverage is determined by issued policy terms and conditions. The material contained in this document is for information purposes only. Information is subject to change without notice. SageSure and the SageSure Logo are trademarks of SageSure Insurance Managers. © 2020 SageSure Insurance Managers. All rights reserved. Updated 10.15.20.