SafePort received approval in Mississippi for updates to its homeowners program, including rate and rule changes effective August 26, 2026 for new business and October 1, 2026 for renewals. The filing impacts 1,092 policyholders and approximately $3.36 million in written premium.
The filing includes an overall indicated rate change of -9.8% and an overall rate impact of -5%, translating to a projected premium reduction of about $168,842 across the program. Individual policy impacts range from a 22% decrease to an 18.6% increase.
SafePort also revised multiple underwriting and rating rules within its homeowners manual. Changes include updates to deductible rules, hurricane deductible provisions, proximity factors tied to coastal exposure, windstorm construction rules, and coverage provisions related to personal property, other structures, and screened structures.
SafePort Insurance Company is part of GeoVera Holdings and the filing was submitted by SageSure.
