State Notices
Some of the insurance products offered through LossPay are provided by surplus lines carriers. These carriers are approved to do business but are not licensed in the same way as standard insurance companies. Because of this, their policies are not protected by state guaranty funds if the company were ever to become insolvent.
Every state has its own rules about what must be disclosed when you buy surplus lines coverage. To make things clear, we've listed each state's required notice below. Please read the notice for your state carefully so you understand how surplus lines insurance is regulated where you live.
State-Specific Notices
Important Notice
LossPay Risk Technologies, Inc., doing business as LossPay and LossPay Insurance Agency (formerly LossPay Diminished Value Insurance, Inc.), is a licensed insurance producer and managing general agency operating in jurisdictions where authorized by law. All insurance products are underwritten by duly licensed surplus lines insurance carriers. Insurance products arranged through surplus lines carriers are not protected by state insurance guaranty funds. If a surplus lines insurer becomes insolvent, policyholders are not covered by the guaranty fund mechanism available for admitted insurers. Availability and eligibility vary by state. All policies are subject to the specific terms, conditions, limitations, and exclusions stated in the issued policy documents.