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Reinsurance
 6 Months Ended
Sep. 28, 2019
Insurance [Abstract]  
Reinsurance Reinsurance
Standard Casualty is primarily a specialty writer of manufactured home physical damage insurance. Certain of Standard Casualty's premiums and benefits are assumed from and ceded to other insurance companies under various reinsurance agreements. The ceded reinsurance agreements provide Standard Casualty with increased capacity to write larger risks and maintain its exposure to loss within its capital resources. Standard Casualty remains obligated for amounts ceded in the event that the reinsurers do not meet their obligations. Substantially all of Standard Casualty's assumed reinsurance is with one entity.
The effects of reinsurance on premiums written and earned were as follows (in thousands):
 
Three Months Ended
 
September 28, 2019
 
September 29, 2018
 
Written
 
Earned
 
Written
 
Earned
Direct premiums
$
4,179

 
$
4,653

 
$
3,820

 
$
4,249

Assumed premiums—nonaffiliate
6,760

 
6,592

 
6,280

 
6,350

Ceded premiums—nonaffiliate
(3,029
)
 
(3,029
)
 
(3,135
)
 
(3,135
)
Net premiums
$
7,910

 
$
8,216

 
$
6,965

 
$
7,464

 
Six Months Ended
 
September 28, 2019
 
September 29, 2018
 
Written
 
Earned
 
Written
 
Earned
Direct premiums
$
9,212

 
$
9,223

 
$
8,361

 
$
8,460

Assumed premiums—nonaffiliate
14,273

 
13,027

 
13,214

 
12,584

Ceded premiums—nonaffiliate
(6,016
)
 
(6,016
)
 
(5,982
)
 
(5,982
)
Net premiums
$
17,469

 
$
16,234

 
$
15,593

 
$
15,062


Typical insurance policies written or assumed by Standard Casualty have a maximum coverage of $300,000 per claim, of which Standard Casualty cedes $175,000 of the risk of loss per reinsurance. Therefore, Standard Casualty's risk of loss is limited to $125,000 per claim on typical policies, subject to the reinsurers meeting their obligations. After this limit, amounts are recoverable by Standard Casualty through reinsurance for catastrophic losses in excess of $1.5 million per occurrence, up to a maximum of $43.5 million in the aggregate.
Purchasing reinsurance contracts protects Standard Casualty from frequency and/or severity of losses incurred on insurance policies issued, such as in the case of a catastrophe that generates a large number of serious claims on multiple policies at the same time. Under these agreements, the Company may be required to repurchase and reestablish its reinsurance contracts for the remainder of the year to the extent that they have been utilized.
The Company has reinsurance reinstatement premium protection coverage, which will assist in reducing premium repurchase expense in the event of a catastrophic weather claim.