Would it be fair to state that this guarantee is easy to enforce and enact, because many policies have more than $300,000 in them? So in liquidation, they serve to insulate any policy of $300,000 or less from any loss? After that the State Guarantees funds have some assets to pitch in? If this is the case, why would anyone have any policy over $300,000?
Would it be fair to state that this guarantee is easy to enforce and enact, because many policies have more than $300,000 in them? So in liquidation, they serve to insulate any policy of $300,000 or less from any loss? After that the State Guarantees funds have some assets to pitch in? If this is the case, why would anyone have any policy over $300,000?