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 June 9, 2022, United Property and Casualty Insurance Company, an insurance
company organized under the laws of the State of Florida ("UPC"), entered into a
Renewal Rights Agreement, dated as of June 9, 2022 (the "Renewal Rights
Agreement"), with Wright National Flood Insurance Company, an insurance company
organized under the laws of the State of Texas ("Wright Flood"), pursuant to
which UPC agreed to sell, and Wright Flood agreed to purchase, the renewal
rights to UPC's entire National Flood Insurance Program ("NFIP") Write Your Own
flood insurance business, subject to receipt of required approvals, such as
approval from the Federal Emergency Management Agency (FEMA). The closing date
of the Renewal Rights Agreement is June 30, 2022

As part of the sale of renewal rights, Wright Flood will pay $3,600,000 in cash
to UPC on the closing date of the Renewal Rights Agreement. Wright Flood will
also be responsible for up to $200,000 of costs associated with the transfer of
the policies. UPC will be responsible for costs in excess of $200,000.

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 June 9, 2022, by and among United
      10.1             Property and Casualty Insurance Company and Wright National Flood Insurance
                       Company.

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