Exclusions in Rapid Warranty Insurance

The insurers will submit a non binding indication letter that will provide for any exclusion or heightened areas of risk. As a buyer, we are super focused on what those exclusions are before we select an insurer. Exclusion can also relate to the amount of available NOLs or similar tax attributes. And usually we are able to reach some kind of middle ground in terms of some of those exclusions and make the deal work. But if an insurer is including something that is atypical, we would either just not accept their offer, or If we really want to work with them, then we would tell them that look, your pricing is competitive. All the other exclusions make sense to us