surplus lines

Definition of "surplus lines"
  1. Insurance coverage sourced from an unlicensed company due to its unavailability from licensed providers
How to use "surplus lines" in a sentence
  1. To protect their high-value items, they had to resort to surplus lines insurance.
  2. The scarcity of special event insurance forced them to seek surplus lines coverage.
  3. They utilized surplus lines when standard insurance did not cover their unusual risks.

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