Which of the following is a common type of property covered under surplus lines?

Surplus lines insurance is designed to cover risks that are not commonly found in standard insurance markets. Flood insurance is a notable example, as it often requires specialized coverage that typical insurers may not provide due to the higher risk and potential for large claims. This type of insurance is crucial for properties located in flood-prone areas where traditional policies may have exclusions or limitations.

While fire insurance and theft coverage are more standard types of coverage that are commonly available through traditional markets, general crime coverage may not always be readily accessible and typically can be obtained through standard insurance. However, it’s flood insurance that particularly exemplifies the need for surplus lines due to the unique risks and regulatory challenges associated with insuring against flooding.