Item 8.01. Other Events. United Insurance Holdings Corp. (UPC Insurance or the Company) successfully renewed its aggregate excess of loss reinsurance agreement (the "Aggregate CAT XOL" agreement), its all other perils catastrophe excess of loss agreement (the "AOP CAT" agreement) and its personal property excess per risk agreement (the "Personal Lines XPR" agreement). These agreements provide coverage for in-force, new and renewal business.

Effective January 1, 2020, UPC Insurance, through its wholly-owned insurance subsidiaries American Coastal Insurance Company, United Property and Casualty Insurance Company, Family Security Insurance Company, and Interboro Insurance Company, renewed the Aggregate CAT XOL agreement with a private reinsurer on a fully collateralized basis. The treaty provides coverage for all catastrophe perils other than hurricanes, tropical storms, tropical depressions and earthquakes. Under this agreement, UPC Insurance estimates it will retain, in the aggregate, 100% of those losses up to approximately 7% of the covered companies' subject gross earned premium. The reinsurer will then be liable for all losses in excess of the covered companies' retention in the aggregate not to exceed $30 million over the term of the treaty. Recoveries under this treaty will be calculated quarterly based on the cumulative year-to-date gross earned premium.

Effective January 1, 2020, UPC Insurance, through its wholly-owned insurance subsidiaries American Coastal Insurance Company, United Property and Casualty Insurance Company, Family Security Insurance Company, and Interboro Insurance Company, renewed the AOP CAT agreement with private reinsurers all rated A- or better by A.M. Best. The agreement provides protection from catastrophe loss events other than named windstorms and earthquakes up to $110 million, an increase of $10 million from 2019. Additionally, the Company increased its aggregate protection provided under this agreement by adding a prepaid reinstatement to the $30 million of limit provided by second layer of the program.

Effective January 1, 2020, UPC Insurance, through its wholly-owned insurance subsidiaries United Property and Casualty Insurance Company, Family Security Insurance Company, and Interboro Insurance Company, renewed the Personal Lines XPR agreement with a private reinsurer. The agreement provides $2.5 million of limit excess of $1.5 million to limit the Company's personal property exposure to non-catastrophe losses from any one claim. The reinsurer's maximum liability for all losses during the treaty period is $7.5 million.

This Item 8.01 may contain forward-looking statements about the Company's reinsurance program and related attachment point, total coverage and costs. These statements are subject to the Private Securities Litigation Reform Act of 1995 and are based on management's estimates, assumptions and projections. These forward-looking statements can generally be identified as such because the context of the statement includes words such as estimate, expect or words of similar nature. The actual changes to the Company's reinsurance program and related attachment point, total coverage and costs may differ materially from those discussed in this report, depending on the Company's reinsurers' capacity to pay claims and related adjustment provisions in the Company's agreements with the private reinsurers.

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