Property-casualty insurer Privilege Underwriters Management announced that it recently received licenses to operate in four new jurisdictions, including Maryland and the District of Columbia.

As a reciprocal insurance exchange, White Plains, N.Y.-based PURE is member-owned.

In a statement, PURE said by providing customized coverage options without imposing mandatory hurricane deductibles, it will offer cost-effective flexibility not easily found in coastal markets.

Ross Buchmueller

In addition to homeowners insurance, PURE provides automobile, jewelry, art, personal liability and watercraft insurance.

“The most responsible owners of well-built homes deserve access to high-quality insurance coverage and service at a lower price that reflects the care and precaution they take to prevent losses,” said Ross Buchmueller, president and chief executive officer for PURE, in a statement. “Every new market presents a unique opportunity for us to diversify our membership and offer responsible individuals and families substantial savings and superior service.”

Through PURE, members pay a surplus contribution of 10% of their high-value homeowners’ premium and 4% of their premium for all other policies for each of the first five years of membership. PURE and the PURE Group of Insurance Companies serve more than 4,500 members.

The company is now offering coverage in Connecticut, Florida, South Carolina, New York and New Jersey, and recently received licenses in Maryland, Alabama, Georgia and Washington D.C.