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Why does obtaining a quote from excess and surplus lines take so long?

shahnchristensen.substack.com · 777 words · saved by 1 readers

Obtaining a quote from Excess and Surplus (E&S) lines insurance can take longer than standard market insurance due to several factors unique to the E&S market.

Terms and definitions Why does obtaining a quote from excess and surplus lines take so long? Shahn Christensen Dec 07, 2024 1 Share Obtaining a quote from Excess and Surplus (E&S) lines insurance can take longer than standard market insurance due to several factors unique to the E&S market. E&S insurers handle non-standard risks that the admitted market often declines, requiring more detailed underwriting and customization. Here’s why the process may take longer: 1. Non-Standard Risks Require Detailed Underwriting Complexity of the Risk : E&S insurers specialize in unique or high-risk business

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