What aspect of coverage might differ for policies from non-admitted insurers?

Policies from non-admitted insurers often differ significantly in the types of perils they cover. Non-admitted insurers are not subject to the same regulations as admitted insurers, which allows them more flexibility in designing their coverage terms. This means they can offer specialized products that may address unique risks or niche markets that admitted insurers might not cover due to regulatory constraints.

For instance, non-admitted insurers can provide coverage for high-risk industries or unconventional properties, which would typically be avoided by standard admitted carriers. The range of perils covered can therefore be broader or tailored specifically to the needs of unusual exposures, making it a hallmark feature of the offerings from non-admitted insurers.

Additionally, while other aspects such as duration of coverage, eligibility requirements, and premium costs might vary, they tend to be influenced by market forces rather than the fundamental structure and purpose of the coverage. The focus on perils covered highlights how non-admitted policies can cater to needs that standard policies may overlook, making it a crucial consideration in surplus lines insurance.