Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market
The cost of a surplus-lines homeowners’ policy in Florida is now about the same as admitted-market HO policies, reflecting the growing trend for excess and surplus firms across the state and beyond, recent reports show.
The Florida Surplus Lines Service Office, which tracks numbers for the E&S market, reported this week that the average premium for a Florida HO-3 policy in the surplus lines market had fallen below $3,500 for April, marking a new low.