What are “Policy Fees” and Why are They Charged?

Policy fees, which are commonly charged by surplus lines insurance carriers on policies written in this market, are standard amounts charged to offset certain costs related to property inspections, state taxes, and other non-premium-related expenses.  These fees vary depending upon the company and policy type, but are typically a minimum of $100 and are often non-negotiable.  Insurance company policy fees are non-returnable and non-refundable.Back to Frequently Asked Questions

Back to Frequently-Asked Questions