UNITED INSURANCE HOLDINGS CORP. FILES (8-K) Disclosing Other Events

Item 8.01 Other Events

On August 1, 2022, Demotech, Inc. announced that the Financial Stability Rating
("FSR") of United Insurance Holding Corp.'s ("UIHC's" or "the Company's")
insurance subsidiary, United Property & Casualty Insurance Company ("UPC") was
downgraded from "A" or "Exceptional," to "M" or "Moderate." The FSR of the
Company's insurance subsidiaries American Coastal Insurance Company and
Interboro Insurance Company remained at "A."

The downgrade may, among other things, cause an inability for UPC to obtain
reinsurance coverage. It may also cause UPC's products to be unacceptable to
mortgage lenders and prevent agents from selling and servicing UPC products. The
Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan
Mortgage Corporation ("Freddie Mac") require that property insurance policies
for properties with a mortgage backed by Fannie Mae or Freddie Mac must be
written by a property insurance carrier meeting certain financial rating
requirements, and a FSR of "M" or "Moderate" does not qualify. However, Fannie
Mae and Freddie Mac each provide an exception to the financial rating
requirements if an insurer is covered by a reinsurer who assumes by endorsement
100% of the insurer's liability for any covered loss payable but unpaid by the
insurer for reason of insolvency.

As a result of Fannie Mae and Freddie Mac financial rating requirements and the
FSR downgrades, on August 2, 2022, the Florida Office of Insurance Regulation
("FLOIR"), approved a reinsurance arrangement whereby Citizens Property
Insurance Corporation ("Citizens") will offer a reinsurance arrangement
effective through June 1, 2023 to insurers that do not have an acceptable FSR as
required for the secondary mortgage market. Under the reinsurance arrangement,
Citizens will be responsible for losses in excess of covered claims as defined
in Section 631.54(4), Florida Statutes and only if the downgraded insurer
becomes insolvent. The Citizens reinsurance arrangement only covers Florida
policies. As of August 2, 2022, UPC has been approved by the FLOIR as eligible
to participate in the reinsurance program.

UPC's policies in the Southeast states of Georgia, North Carolina and South
Carolina are covered by a 100% quota share arrangement with HCI Group, Inc. UPC
business written in New York is covered by a 100% quota share arrangement with
Interboro Insurance Company. While UPC maintains these 100% quota share
arrangements, we are uncertain whether these arrangements are acceptable for
mortgages backed by Fannie Mae or Freddie Mac.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.

                       UNITED INSURANCE HOLDINGS CORP.

August 4, 2022 By: /s/ B. Bradford Martz

                       B. Bradford Martz, Chief Financial Officer and President
                       (principal financial officer and principal accounting officer)