HOMESITE CONTINUES ITS U.S. EXPANSION

Homesite Insurance Products Available to New Jersey Residents

Boston-based Homesite Insurance will now offer its line of home insurance products to New Jersey residents. The state addition marks Homesites sale of insurance in 25 states, and makes the Companys customized home insurance policies available to over 60% of the nations insurable households.

Homesite provides a broad range of home insurance coverages for consumers seeking responsive service and competitive pricing," says B.C. Verniero, Homesites Vice President of Marketing & Partner Operations. New Jersey residents can take advantage of convenient services, such as free online quoting and policy purchase, and get their coverage at a time thats most convenient for them. The entire online process typically takes about 5 minutes for renters and condominium owners and 10 minutes for homeowners. For those customers wishing to speak with a live person, Homesite also has a staff of licensed insurance specialists ready to answer questions or assist customers with designing a policy suited to their needs."

Additionally, residents can choose optional coverages to provide extra protection and customization, such as replacement cost coverage for the home and personal property, watercraft and yacht insurance, personal umbrella coverage, earthquake insurance, flood insurance, and more.

Since its founding in 1997, Homesite Group Incorporated has committed itself to addressing the problems that have historically plagued the U.S. property insurance business: high fixed costs, limited distribution channels, simplistic pricing models, minimal innovation, inconsistent service, and volatile financial performance. Homesite markets its insurance products directly to consumers, as well as through affinity groups, employers, and selected business partners.

Solid financial stability and extensive management experience provide the foundation for Homesites comprehensive coverage and exceptional service. The equity financing for Homesite was arranged by Morgan Stanley Dean Witter Capital Partners, the private equity group of Morgan Stanley Dean Witter, the global financial services firm.