Surplus Lines Policy - Residential coverage

Posted By: Ninky

Surplus Lines Policy - Residential coverage - 06/02/16 08:18 PM

Private policies are acceptable based on the six items outlined by FEMA being met. We have a surplus lines policy provided on a residential property for a consumer loan. Is this acceptable? Has anyone ever received this type of coverage on a consumer loan? It's our first.
Posted By: rlcarey

Re: Surplus Lines Policy - Residential coverage - 06/04/16 05:36 PM

You would have to read the policy. "Surplus lines policy" does not define what might or might not be in it.