FAQS

1. How is the premium of my property determined?

You will decide the insured value on each of your properties. Your rates and insured value will determine the premium on each property you insure.

2. What are taxes and fees?

We charge a nominal policy fee which is required for surplus lines policies. There may also be a surplus tax and fee depending on the state. Domestic carriers typically include these taxes and fees in their premium.

3. What is a Surplus Lines policy?

Our policy is underwritten by Lloyd’s of London, which gives us more flexibility in the coverages we can provide. It also means states will charge taxes and fees and each state dictates what those are.

4. What is the state form?

Certain states require a signed form because they want you to be aware that this is a surplus lines policy. Not all states require a form.

5. Will my vacant properties be covered?

Our policy allows you to insure vacant properties. Our policy also covers theft and vandalism of vacant properties; however, the properties must be secured and inspected monthly. Inspection forms can be found under the forms section.

6. How am I billed?

You may choose between monthly, quarterly, semi-annual and annual billing. We bill a month in arrears and you may pay by check or ACH. We do not take credit cards.