In the highly competitive insurance industry, it’s essential to know about as many insurance companies as possible. This is not merely a good industry practice; it is expected of insurance brokers who want to be known for delivering excellent service and as a reliable, trustworthy source of information.
That’s why Insurance Business provides reviews about insurance companies like SageSure Insurance. We'll delve into important disclosures like SageSure’s insurance ratings from A.M. Best and other relevant ratings agencies. This review should help you know whether SageSure is a viable insurance company that you can use to handle your clients’ insurance.
Since SageSure is not an insurance carrier in the traditional sense. It is a Managing General Underwriter (MGU) and third-party underwriter. That said, it means that there are no insurance ratings or credit ratings available for SageSure from the four major credit ratings agencies: A.M. Best, Fitch, Moody’s, and S&P.
Assessing financial stability via Sagesure’s insurance ratings through these major ratings agencies heavily relied upon by insurance companies and professionals is not possible.
Despite this, SageSure has still garnered positive ratings from the Better Business Bureau (BBB). Those asking if SageSure is an A-rated company may be glad to know that it got an "A" or Excellent rating based on insurance reviews from the BBB.
Although SageSure does not get any insurance ratings from major insurance ratings agencies, there are still ways to determine the company’s financial strength ratings. Here’s how:
As an MGU, SageSure can only design, price, and manage the insurance products it offers. It does not act as an insurance carrier. So, technically, to determine its financial strength, it helps to take a closer look at their insurance carrier partners.
This is a feasible approach since each carrier will have their own FSRs from A.M. Best, Fitch, Moody’s, and S&P. To do this effectively, brokers should identify which carrier is underwriting a specific SageSure policy, then look up that carrier’s ratings.
The table below shows the FSRs of some of SageSure’s partner carriers. Should you decide to procure insurance from them, these are some of their partners who will likely offer policies:
|
Insurer |
A.M. Best |
Fitch |
Moody’s |
S&P |
|---|---|---|---|---|
|
Harco National |
A- |
Not rated |
Not rated |
Not rated |
|
Markel |
A |
A+ |
A2 |
A |
|
SafePort |
A |
Not rated |
Not rated |
Not rated |
Brokers should investigate characteristics like the claims-paying history, reputation, and regulatory standing of the partner carriers that SageSure works with in that state or area.
State insurance departments typically publish solvency reports and enforcement actions related to insurance carriers. These can give you a good picture of an insurer’s financial stability. Check out these reports and keep an eye on industry news sources. Industry news sources like Insurance Business can likewise have timely reports and information about SageSure’s partner insurers.
Brokers can request documents or confirmation from SageSure or its agents regarding which carrier will underwrite a specific policy and ask for that carrier’s financial ratings.
J.D. Power is often consulted for its customer experiences and customer satisfaction ratings. As with insurance ratings agencies, J.D. Power does not have any ratings for SageSure. The reason for this is the same – its legal name is SageSure Insurance Managers LLC, and it’s not an insurance company per se. Managing general underwriters are not in the scope of J.D. Power or any of the insurance ratings agencies.
Read our article about the value proposition of MGUs to learn more about these essential industry players.
As an MGU, SageSure offers several key products:
These are standard homeowners’ coverage for owner-occupied residences. Its cover includes protection for the dwelling, liability, personal property, and additional living expenses in cases where the insured property is rendered unlivable.
This covers rental properties, protecting the structure, and providing liability protection for the property owners.
This policy provides cover for flood damage, usually in partnership with private carriers or through the National Flood Insurance Program (NFIP).
This covers small businesses, the buildings they’re housed in, the interiors of the building, and liability claims that may arise in the normal course of business.
This is a package policy for small businesses that combines property and liability insurance.
SageSure distributes these products through a network of independent agents, brokers, and partners with multiple highly rated insurance companies to underwrite the policies.
While SageSure offers a portfolio of standard insurance products that are not much different from the offerings of other insurers, they have a couple of innovative, distinct products:
The program handles roof vulnerabilities by resealing the shingles, allowing homeowners in hurricane-prone areas to reduce the risk of roof damage. This is offered through another company named LiftLock LLC to SageSure customers.
In this insurance product, SageSure offers free sensors and fire prevention services to eligible policyholders. These are meant to detect electrical hazards before they can cause fires. This SageSure product is in partnership with Whisker Labs, a fire prevention software company.
SageSure offers insurance products often in partnership with highly rated carriers. These policies are available in 16 states:
|
Alabama |
New Jersey |
|
Alaska |
New York |
|
California |
North Carolina |
|
Connecticut |
Oregon |
|
Florida |
South Carolina |
|
Louisiana |
Texas |
|
Massachusetts |
Virginia |
|
Mississippi |
Washington |
SageSure specializes in providing consumers with cover in high-risk, underserved markets. These include coastal states that are prone to natural disasters like floods and hurricanes. For specific product availability, be sure to contact one of SageSure’s local agents there since their offerings can vary according to location and carrier partner.
This table compares the costs of SageSure insurance products with the national average.
|
Product |
SageSure Avg. Cost* |
National Avg. |
Notes |
|---|---|---|---|
|
Homeowners' insurance |
Varies |
$2,110 per year |
Cost is higher in disaster-prone states |
|
Landlord insurance |
20% to 25% more |
$2,500 to 2,700/ year |
For higher-risk rental property |
|
Flood insurance |
Varies by risk/location |
$899/year |
Higher in higher-risk states |
|
Commercial property insurance |
Varies by business size and risk |
$1,000 to $3,000/year |
Cost depends largely on type of business and their size |
|
Business Owners Policy (BOP) |
Varies by type of business and risk |
$1,200 to 2,500/year |
Bundled property/liability for small businesses |
SageSure does not typically publish average premiums, although rates are often higher than national averages. This is due to their focus on high-risk markets. Contact SageSure insurance managers, agents, or brokers to find out their exact pricing.
Customer sentiment regarding SageSure is mixed. Below is a compilation of customer experiences from recent and reliable SageSure insurance reviews.
There are customers that say that SageSure’s agents are generally helpful, knowledgeable, and make the process of obtaining coverage straightforward. Other positive remarks include quick policy issuance and the convenience of their online forms.
A significant number of customers expressed frustration with denied claims, especially for roof or water damage. Others report that their policies were cancelled after filing a claim or objecting to a denial. Some customers felt that the reasons for cancellations were unfair or unclear.
SageSure Insurance was founded in 2009 and has rapidly grown into one of the largest MGUs in the US. It focuses on catastrophe-exposed property insurance markets. It has headquarters in Jersey City, New Jersey and manages a diverse portfolio of products.
This MGU has attained remarkable growth in recent years. Their annual revenues posted as of July 2025 have reached approximately $750 million. At present, the company manages over $2 billion in premiums, serving over 650,000 policyholders. SageSure has pioneered solutions for catastrophe risk and exposure management.
Although SageSure Insurance was able to obtain an “A” rating from the Better Business Bureau, the company is not BBB-accredited. Given the lack of independent financial ratings, the lack of BBB accreditation, inconsistent service leading to mixed customer reviews and its indirect involvement in insurance, brokers should be especially cautious about recommending or doing business with SageSure.
A prudent approach would be to prioritize carriers with strong financial ratings, more transparency, and consistently positive customer feedback.
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