What is a key limitation for insureds without access to the surplus lines market?

The correct answer focuses on the fact that individuals or businesses without access to the surplus lines market often find themselves with significantly fewer options for insurance coverage. The surplus lines market is essential for those risks that standard insurance markets are unwilling or unable to underwrite. This could be due to the nature of the risk being too complex, unusual, or high-risk, which makes it difficult for traditional insurers to provide coverage.

When insureds do not have access to this alternative market, they may be unable to find adequate coverage for their specific needs, leaving them at a disadvantage. In many cases, this can lead to either being underinsured or having to forgo coverage altogether, increasing their vulnerability to potential losses.

The other choices present limitations that are less about the lack of access to a market and more about specific aspects of insurance operations or regulations. For example, limited coverage may be available through standard markets, but it doesn't capture the broader issue of having no options at all. Similarly, reliance on the surplus lines tax is an administrative aspect of surplus lines rather than a limitation of access to coverage itself. Lastly, the option regarding international insurance does not adequately address the question, as it implies a focus on location rather than the availability of coverage options within national markets.