Filichia Insurance Agency Liability Policy and Excess Lines Information
We have provided a link to our Filichia Insurance Agency liability policy (general and commercial) written by Lloyds London, Burns and Wilcox, and Filichia Insurance Agency. Please access it here.
Read the policy thoroughly and note that it is riddled with exceptions, exclusions, endorsements, limitations, and amendments. See what you are getting (almost nothing) when you purchase an excess lines liability insurance policy through Lloyds of London, Burns and Wilcox, and Filichia Insurance Agency.
A note about excess lines or surplus lines insurance. Never buy excess or surplus lines insurance if you have any alternative! Why not? Because it is an unregulated or poorly regulated insurance world, populated by companies which might be considered by some as “pirates and thieves “, entities that seem to feel they can act badly, with impunity.
Educate yourself and learn more about excess lines here:
- American Association of Managing General Agents
- Surplus Line Association of Illinois
- FSLSO Florida Statutes
- FSLSO Consumer Information
Consumer Warnings: What We Have Learned from this Experience
- Do not buy Excess Lines or Surplus Lines insurance coverage if you have any alternative, including going without insurance coverage/remaining uninsured. Self insurance, which means accepting the risks that entails, should be seen as a superior choice to buying excess/surplus lines coverage.
- Do not deal with second or third party underwriters such as Lloyds London or Burns and Wilcox. Deal locally and know what you are buying.
- Do not buy insurance from any company that does not fully understand your needs and its products, and does not fully disclose to you up front what they are writing (Filichia Insurance Agency). Demand disclosure.
- Never bind or pay for insurance unless you have had a chance to see and read the policy beforehand. Look closely at the exceptions, exclusions, endorsements, limitations, and amendments. Is the policy what you asked for? Does it cover everything you requested? Don’t take “you don’t get your actual policy until x weeks after you pay” for an answer. Excess/surplus lines “thieves” generally operate with a “no free or first look” policy. This means they take your money BEFORE they tell you/let you see what you getting in your policy. Is there anything else in this world that you would buy, other than this insurance, for which you would shell out $2000, without first seeing and approving of the item? Chances are, you will not get what you (thought you had) paid for. Remember, don’t buy without first seeing (and carefully reading) what you will receive. You have every right to review the complete policy, to see what it says, and understand what you are getting, before you pay!