UNITED INSURANCE HOLDINGS CORP. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01. Entry into a Material Definitive Agreement.

On December 30, 2021, United Insurance Holdings Corp. (the "Company"), together
with its wholly-owned subsidiaries, United Property and Casualty Insurance
Company, an insurance company organized under the laws of the State of Florida
("UPC"), and United Insurance Management, L.C., a Florida limited liability
company ("UIM"), entered into a Renewal Rights Agreement, dated as of December
30, 2021 (the "Renewal Rights Agreement"), with Homeowners Choice Property &
Casualty Insurance Company, Inc., an insurance company organized under the laws
of the State of Florida ("HCPCI"), pursuant to which the Company, UPC and UIM
agreed to sell, and HCPCI agreed to purchase, the renewal rights to UPC's
personal lines homeowners business in Georgia, North Carolina and South
Carolina. The sale was also consummated on December 30, 2021.

As part of the sale of renewal rights, HCPCI will make an up-front cash payment
to UPC of $3,800,000. In addition, following the collection by HCPCI of
$64,000,000 of the premium for the policies issued by HCPCI to replace the
subject personal lines homeowners policies, HCPCI will pay to UPC a renewal
rights commission ("Renewal Rights Commission") in an amount equal to six
percent (6%) of such premium for each such replacement policy issued by HCPCI
after such time; but only to the extent the Renewal Rights Commission exceeds
the up-front cash payment, and further provided, that the aggregate amount of
Renewal Rights Commission payable by HCPCI to UPC shall not exceed $6,000,000.

The description of the Renewal Rights Agreement is qualified in its entirety by
reference to the full text of the applicable agreement, which is filed as
Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by
reference.

Item 9.01. Financial Statements and Exhibits.

  Exhibit No.                                           Description

                       Renewal Rights Agreement, dated as of December 30, 2021, by and among United
      10.1             Property and Casualty Insurance Company, United Insurance Holdings Corp.,
                       United Insurance Management, L.C., and Homeowners Choice Property & Casualty
                       Insurance Company, Inc.

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