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Everest Re affiliate invests in down payment protection insurer

ValueInsured has raised $6.5 million in a funding round led by an Everest Re Group Ltd. affiliate and Houston International Insurance Group.

ValueInsured will use the additional investment as growth capital to continue its distribution partnership strategy, expanding channel presence and improving the +Plus SM down payment protection program.

Dallas-based PVI Agency LLC, which does business as ValueInsured, provides down payment protection for homebuyers.