Excess and Surplus Lines
Posted in: Insurance
define: Excess and Surplus Lines
Specialty market companies that, though they are not licensed to write insurance in a given state, are allowed to do so under certain conditions. They generally charge more and coverage can be less broad. A homeowner may need to purchase a policy from these companies if licensed carriers refuse to underwrite a home due to high risk issues.
Specialty market companies that, though they are not licensed to write insurance in a given state, are allowed to do so under certain conditions. They generally charge more and coverage can be less broad. A homeowner may need to purchase a policy from these companies if licensed carriers refuse to underwrite a home due to high risk issues.
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