Looking to protect something unique, rare, or unusual? You need a Surplus Lines policy.
Understanding Surplus Lines Insurance
Also known as Unusual Risk Insurance, Surplus Lines is a type of policy that provides protection for unusual items, situations, or circumstances. It’s not available in all states, and some states require special licenses to sell it. Surplus lines insurance comes with the same protections as standard policies, but premiums can vary depending on the amount of competition for coverage.
If you’re searching for odd or unique forms of insurance you’ll likely need Surplus Lines coverage. It may be the only way to get the protection you need at an affordable price; many standard carriers won’t touch these risks.
Here are a handful of items that would generally require surplus lines insurance:
In addition, some businesses deal with unique items or situations – in such cases, Surplus Lines policies provide coverage where normal policies do not.
Bottom line: Surplus Lines insurance is a good idea when you need protection that simply isn’t available through standard carriers.
Setting Up a Surplus Lines Policy
Due to the nature of the policy, it may take a little time to set up surplus lines coverage. Our team has experience working with these types of policies, and we can help you find carriers that will give you the best rates on the type of items you want to insure. Click below to get started.
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