Lower Minimum Earned Premiums
MORE REASONS TO SMILE
We heard your feedback. And because of this, if you quoted E&S coverage with Swyfft Homeowners this week, you probably noticed a decrease in the MEP requirement.
Here’s What It Looks Like
- TOPA E&S Personal Lines: Decreased from 75% MEP to 50% MEP effective in Hurricane Season.
- Lloyd’s E&S Personal Lines: Decreased from 75% MEP to 25% MEP effective in Hurricane Season.
This applies to all E&S Homeowners policies: new, renewal, and those currently in force. As a reminder, Minimum Earned Premium (MEP) is part of the premium that is not refundable. Why is this? Learn more on our E&S Home Pocket Guide.
More Reasons to Love E&S Home:
- More choices. You’ll have a market for homes in coastal areas and other tough-to-write places. This includes short-term rentals through Lloyd’s.
- Fewer declines. If you start a home quote that’s not eligible for admitted, it’s likely you’ll be presented a quote through E&S.
- Highly rated coverage. We’ve partnered with two carriers, Topa and Lloyd’s, both writing on Demotech A’ or AM Best A- rated paper.
If you have any questions, please log in and use our live chat. Or you can always speak with your Sales Rep.
Be sure to check your inbox as we’ll be sharing more exciting news soon.
– Team Swyfft