What is a nonadmitted carrier?

November 1, 2018 - rentrescue@admin

Non-admitted carriers are usually referred to as “surplus” or “excess lines” insurers. Non-admitted carriers are not state regulated and do not contribute to the state guaranty fund, which protects policyholders from the bankruptcy of its insurance carrier. Thankfully, Rent Rescue has partnered with one of the largest insurance companies and reinsurers in the world rated A by A.M. Best and A+ by Standard & Poor’s.

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