Privilege Underwriters Auto Insurance Review (2020)

Privilege Underwriters Auto Insurance (PURE) offers comprehensive property and casualty coverage. Customers retain coverage for 90 days when traveling the world.

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Aug 14, 2020

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Company Details
Address: 44 South Broadway Suite 301
City: White Plains
State: NY
ZIP Code: 10601-1712
Phone Number: 888-813-7873
Year Founded: 2007
AM Best Rating: A-
Company Rating 0 (0 reviews)

Things to remember...

  • PURE Risk Management, LLC., is owned by Stone Point Capital
  • PURE offers comprehensive property and casual auto insurance in addition to many other policies
  • PURE offers “agreed value” auto insurance
  • Customers with PURE auto insurance are able to keep their coverage for up to 90 days when they travel anywhere in the world

This Privilege Underwriters Reciprocal Exchange Auto Insurance Company Review looks at White Plains, New York-based PURE Risk Management, LLC. PURE is a wholly-owned subsidiary of Stone Point Capital, a private equity company headquartered in Greenwich, Connecticut.

PURE provides comprehensive property & casualty insurance policies to owners of private automobile fleets, art/jewelry/private collections, elite homeowner insurance, marine insurance, and personal excess liability insurance.

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The company believes that owners of the highly valued autos, homes, and other property should pay lower rates for property and casualty insurance. According to the company’s 2009 research, PURE was able to lower insurance rates for the owners of fine autos and homes.

Privilege Underwriters Reciprocal Exchange Insurance Company Services

The company offers comprehensive auto insurance for owners of elite vehicles, including daily use vehicles, antique and classic autos, motorcycles, golf carts, motor homes, and recreational vehicles. Insuring a single vehicle or multiple vehicles on a single policy often saves customers money on auto insurance rates.

Families and individuals with more vehicles than drivers rarely drive some vehicles in the collection. That’s one of the reasons that PURE believes multi-vehicle policyholders should receive a discount on auto insurance rates.

PURE offers the option of increased liability coverage levels in the event that their insured customers ever injure other drivers, passengers, or pedestrians. This option may protect drivers with significant personal assets.

Combining auto insurance with other insurance lines also helps PURE customers reduce their auto insurance rates. In addition:

  • PURE offers “agreed value” at the time the policy is issued. That is, no matter what the vehicle’s actual depreciation relative to market value might be, the insured customer knows the insurance coverage value. If the customer has a lease or loan on the vehicle, the contract may be worth more than the vehicle in the event of a property loss. Agreed value prevents unpleasant valuation surprises for customers.
  • PURE provides original replacement parts in the event of a property loss claim. Unlike some other insurance company’s replacement plans, PURE’s clients’ vehicles are repaired with original equipment manufacturers’ parts.
  • PURE provides a temporary vehicle after an insured loss when the insured customer needs wheels. There are no daily limits for rental cars, and PURE brings the temporary replacement to the insured customer.
  • PURE covers customers wherever they drive around the world for up to 90 days.
  • PURE doesn’t penalize its insured drivers when an uninsured or underinsured motorist causes property or collision damage. The damage resulting from the claim is covered without a deductible.

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Privilege Underwriters Reciprocal Exchange Claims


PURE believes in fair, efficient, and rapid claims processing and payments. Clients of the firm say positive things about the claims process, according to information provided on the company’s website.

Customers may elect to use third-party vendors for necessary repairs or replacement of property. The company maintains a network of reliable repair professionals who meet the high standards of the company.

According to the website, PURE assigns a “Member Advocate” to act as a liaison during the claims facilitation process. The Advocate helps to manage each small detail necessary to initiate and conclude the member’s claim.

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Privilege Underwriters Reciprocal Exchange Agents

The company maintains a national network of independent insurance agents and brokers, along with a proprietary wholesale network of agents. PURE is licensed to write insurance in 32 states.

Privilege Underwriters Reciprocal Exchange and Stone Point Capital


Stone Point Capital manages a portfolio called Trident Funds. These funds are directed into investments in a portfolio of financial services companies and investments. Trident Funds owns specialty lending companies, banks, investment managers, and insurance underwriters like PURE.

In addition, Trident Funds invest in healthcare providers, mortgage companies, employee benefits companies, and insurance distribution companies. The funds are bullish on the prospects for increasing costs of many financial services, property & casualty, healthcare, and benefits products in the future.

Stone Point Capital evaluates company restructurings, distressed companies, and “special situations.” Stone Point Capital historically invests about $50 million to $400 million in each transaction in its portfolio. The company has invested approximately $5 billion to date.

Stone Point Capital was formed when Marsh & McLennan privatized its private equity division in 2005.

In 2010, the company bought Sedgwick Claims Management from an investment partnership including Fidelity National. The investment partnership paid approximately $1.1 billion for Sedgwick Claims Management.

The claims process and administration of claims is as important to elite customers as risk management practices and the sound financial statement of an insurer.

In 2009, the company purchased Higginbotham Insurance Agent and OneWest Bank. Both assets were owned by the troubled IndyMac Bank. In the past year, Stone Point invested in Grandpoint Bank and NXT Capital. Both are commercial lending companies.

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