Requests for excess limits have increased substantially in the past year. What was once seen as a luxury is now a required purchase. Additionally, other market forces have now pushed those that had existing coverage to remarket. Why is all of this happening right now? Here are several reasons we see driving demand:
- Greater awareness of large or nuclear verdicts impacting nonprofits
- Contracts and Grants for nonprofits are now more often requiring higher limits
- Certain markets have removed themselves and have created a need
Regardless of reason, USLI has a solution for Umbrella and Excess for nonprofits. We can review requests regardless if USLI is the underlying carrier. For any other carrier, we just require B++ or better financial rating and that coverage is written on ISO forms. Pricing starts as low as $295 per layer in some states for certain classes of business.
Our most commonly requested classes include:
- Condo/Homeowner associations
- Nonprofits serving youth
- Charitable and fundraising organizations
- Youth sport organizations
Reach out to [email protected] for a quote today!
