Surplus Lines

Surplus lines carriers are “non-admitted” insurers that cover high-risk properties that standard companies won’t touch. They have become a mainstream solution in Florida and California. While they offer vital coverage for homes in wildfire or hurricane zones, they are not regulated by state rate caps and are not backed by the State Guaranty Fund. This means if the carrier fails after a disaster, the homeowner has no state-level safety net to pay out their claim settlement.