Insurance placed through a specialized market for risks that may not fit standard admitted carriers.
Why it matters
It can be important for hard-to-insure homes.
Example
A wildfire or older-roof risk may need surplus lines.
Common mistake
Assuming surplus lines coverage is always inferior or always better.
Related terms
non-admitted-carrier;fair-plan
Definitions are educational summaries. The policy's definitions and applicable law control a specific claim or coverage question.