The New York State Security Fund is in place to pay open claims in the rare case an insurance company in New York state goes bankrupt (or insolvent).
INSHUR is legally required to inform customers that the excess lines portion of your insurance policies are not protected by New York State Security Funds. While this might sound alarming, there is nothing for our customers to worry about as INSHUR’s policies are underwritten by Accident Fund Insurance Company of America, an “A”rated carrier according to AM Best