This CPA will guide you to identify which carrier (s) will be the best to write this Risk (LOB)
Step 1: Collect risk info via request for home quote or via Purl for this LOB. (Already done - go to step 2) Step 2 – Create client in ezlynx if it’s a new client to the agency. Step 3 – Enter the risk info into ezlynx for bridging to carriers. (Only applies to bridgeable LOB’s). Step 4 – Identify the carriers that writes this line of business. Step 5 – Compare final validated rates to determine the best carrier for this risk.Step 6 – Prepare application for client to SigningStep 7 – Bind the Policy & Complete Point of SaleStep 8 – Process BOR & Complete Point of Sale (In case client decides to BOR to our Agency)
Ezlynx Client Creation:
Field-2D
Note: Since the client already exists, then just verify the applicant's contact information with what's listed below.
Note: Create a new personal lines client (aka new Applicant).
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Applicant Information:
Property Title Information: We must verify how the property is titled to so we can determine how the policy should be written and to make sure all individuals and/or entities are covered properly.
Address Information: We must be careful and take precaution with insuring this location. It's very important that we do not place insurance on the wrong address and a claim is denied.
Coverage Guidance: The following will help to choose the coverage limits and endorsement on the policy.
Standard Coverage: Coverage A - Dwelling: Based on the RC Estimator, this is the amount of coverage need to replace the home in case of a total loss aka reconstruction cost. Coverage B - Other Structures: The standard limit included is 10% and should be increase in case the others structures value is greater than 10%.Coverage C - Personal Property: The standard limit included is 25%, but can be increase if more coverage is needed.Coverage D - Loss of Use: The standard limit included is 20% or actual loss sustained, but can be increase if more coverage is needed.Coverage E - Personal Liability: The standard limit is 300K, but can be increase if more coverage is needed.Coverage F - Medical Payment: The standard limit is 5K, but can be increase if more coverage is needed.
Other Coverages & Endorsements:Building Ordinance: The standard limit included is 10%, but can be increase if more coverage is needed.DIC Endorsement: This endorsement if available should be added in case the home does not pass brush requirements & a Fair Plan policy need to be written.Replacement Cost on Dwelling: This endorsement should always be added if available in every case.Replacement Cost on Personal Property: This endorsement should always be added if available in every case.Extended Replacement for Dwelling: This endorsement should always be added with a minimum of 125% but can be increase to 150% if needed.Animal Liability: This endorsement should be added if the client has any animals and given a minimum limit of 25K coverage but should have 100k if available.Equipment Breakdown: This endorsement should not be included automatically, we do not add this unless the client is asking for it or if it will help close the sale.Sewer or Drain Backup: This endorsement should be added and given a minimum limit of 10k coverage but should have 25k if available.Personal Injury: This endorsement should always be added if available in every case.
Deductible: The standard deductible we should be quoting is $2500, however rates for different deductibles can be given to the client so they can choose what they prefer to have in case of future loss.
Note: Enter the risk into Ezlynx quoting screens
Prio Ins. Info
Identify Carriers that will write this risk:
Note: This coverage A Limit has been increased by 10% for any items that we did know about or include in our RC Estimate.
These are the Primary Markets for Rental/Investment Home (DP1-DP3)- (Short Term Occupancy)
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Basic Underwriting: (New Bus Suspension)Homeowners GuidelinesHomeowners BrochureProduct ComparisonDP3 SpecimenHomeowner Cheat SheetNo Loss Certification Product Highlights
No DIC Policies are offered in CA at this time:
Basic Underwriting:Dwelling Fire Guidelines Identity Theft Coverage BrochureDwelling Fire SpecimenProduct Highlights
Basic Underwriting for DIC:DIC FAQ
Basic Underwriting: (New Bus Suspension)Homeowners GuidelinesProduct ComparisonDwelling Fire SpecimenHomeowner Cheat SheetAuxiliary Heater Form Product Highlights
Basic Underwriting for DIC: (New Bus Suspension)
Basic Underwriting: (New Bus Suspension)Dwelling Fire GuidelinesProduct ComparisonDwelling Fire SpecimenDP1-DP3 Dwelling Fire BrochureProduct Highlights
Basic Underwriting for DIC:DIC Underwriting GuidelinesDIC Homeowners SpecimenDIC Disclosure Form
Basic Underwriting: (New Bus Suspension)Dwelling Fire GuidelinesProduct ComparisonDwelling Fire SpecimenHomeowner Cheat Sheet5 Plus Application Form5 Plus Change Request Product Highlights
Basic Underwriting:Dwelling Fire GuidelinesProduct highlight / ComparisonDwelling Fire SpecimenDwelling Fire Cheat SheetProduct Highlights
Basic Underwriting for DIC:
These are the Secondary Markets for Rental/Investment Home (DP1-DP3)- (Short Term Occupancy)
(Accelerant Ins)
Basic Underwriting: Dwelling Fire GuidelinesProduct ComparisonDwelling Fire SpecimenHomeowner Cheat Sheet5 Plus Application Form5 Plus Change Request Product Highlights
(American National Ins Co)
Basic Underwriting:Dwelling Fire GuidelinesProduct ComparisonDwelling Fire SpecimenDwelling Fire Cheat SheetProduct Highlights
Basic Underwriting:General GuidelinesProduct highlight / ComparisonHomeowners SpecimenDwelling Fire Cheat SheetProduct Highlights
Basic Underwriting:Homeowners GuidelinesHO3 Product ComparisonHO3 SpecimenProduct Highlights
Basic Underwriting:Underwriting GuidelinesPolicy SpecimenProduct Highlights
Basic Underwriting: (New Bus Suspension)Underwriting GuidelinesPolicy SpecimenProduct Highlights
Basic Underwriting:Dwelling Fire GuidelinesAU Gold Specialty Basic UnderwritingProduct ComparisonDwelling Fire SpecimenDwelling Fire Cheat SheetProduct Highlights
Compare the Rates:
STEP 6 - Prepare Application for Signatures:
Note: We need to prepare the Mercury application along with any additional underwriing forms for signatures.
Determine if you need any of these additional underwriting forms. Note - You only need to to do this if the application did not automatically print with it.
HO3 Underwriting GuidelinesPrimary Home SpecimenProduct Comparison(Nevada)-Product ComparisonCA Homeowners EligibilitySub Limits Explained
Note: We need to prepare the Guard application along with any additional underwriing forms for signatures.
Note: We need to prepare the Foremost application along with any additional underwriing forms for signatures.
Note: We need to prepare the Aegis application along with any additional underwriing forms for signatures.
Note: We need to prepare the A. Modern application along with any additional underwriing forms for signatures.
Note: We need to prepare the Steadily application along with any additional underwriing forms for signatures.
Note: We need to prepare the Vacant Express application along with any additional underwriing forms for signatures.
Note: We need to prepare the Pathpoint application along with any additional underwriing forms for signatures.
Note: We need to prepare the Proper Ins application along with any additional underwriing forms for signatures.
Note: We need to prepare the KW Specialty application along with any additional underwriing forms for signatures.
Note: We need to prepare the Obie (Accelerant Ins) application along with any additional underwriing forms for signatures.
Note: We need to prepare the Obie (American National Ins Co) application along with any additional underwriing forms for signatures.
Note: We need to prepare the Bamboo application along with any additional underwriing forms for signatures.
Note: We need to prepare the First Cap (Preferred) application along with any additional underwriing forms for signatures.
Note: We need to prepare the First Cap (Ca Fair Plan Eq.) application along with any additional underwriing forms for signatures.
Note: We need to prepare the First Cap (Excess Fire) application along with any additional underwriing forms for signatures.
Note: We need to prepare the AuGold application along with any additional underwriing forms for signatures.
STEP 7 - Bind the Policy:
Note: We need to Bind the Mercury Policy.
Note: We need to Bind the Guard Policy.
Note: We need to Bind the Foremost Policy.
Note: We need to Bind the Aegis Policy.
Note: We need to Bind the A. Modern Policy.
Note: We need to Bind the Steadily Policy.
Note: We need to Bind the Vacant Express Policy.
Note: We need to Bind the Pathpoint Policy.
Note: We need to Bind the Proper Ins Policy.
Note: We need to Bind the KW SPecialty Policy.
Note: We need to Bind the Obie (Accelerant Ins) Policy.
Note: We need to Bind the Obie (American National Ins Co) Policy.
Note: We need to Bind the Bamboo Policy.
Note: We need to Bind the First Cap (Preferred) Policy.
Note: We need to Bind the First Cap (Ca Fair Plan Eq.) Policy.
Note: We need to Bind the First Cap (Excess Fire) Policy.
Note: We need to Bind the AuGold Policy.
Now that you have Bound the Policy, its time to complete the Point of Sale. Hit Submit
STEP 6 - Process a BOR:
(What is a BOR or AOR)
Note: We need to send a Mercury BOR to the client for signing.
Basic Underwriting for Mercury BOR
-California Auto does not allow BOR in California.The policy must be written with a new business applicationas to move to another agency.
Note: We need to send a Guard BOR to the client for signing.
Basic Underwriting for Guard BOR
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Note: We need to send a Foremost BOR to the client for signing.
Basic Underwriting for Foremost BOR
-Foremost Specialty requires at least 30 days prior to renewal for the policy to be successfully transferred to the new agency code. Otherwise the BOR may not be processed in time for the renewal and will be effective the following next year/term.
Note: We need to send an Aegis BOR to the client for signing.
Basic Underwriting for Aegis BOR
-Aegis requires at least 15 days prior to renewal for the policy to be successfully transferred to the new agency code. Otherwise the BOR may not be processed in time for the renewal and will be effective the following next year/term.
Note: We need to send an A. Modern BOR to the client for signing.
Basic Underwriting for A. Modern BOR
-American Modern does not allow BOR in California.The policy must be written with a new business applicationas to move to another agency.
Note: We need to send a Steadily BOR to the client for signing.
Basic Underwriting for Steadily BOR
Note: We need to send a Vacant Express BOR to the client for signing.
Basic Underwriting for Vacant Express BOR
Note: We need to send a Pathpoint BOR to the client for signing.
Basic Underwriting for Pathpoint BOR
Note: We need to send a Proper Ins BOR to the client for signing.
Basic Underwriting for Proper Ins BOR
Note: We need to send a KW Specialty BOR to the client for signing.
Basic Underwriting for KW Specialty BOR
Note: We need to send a Obie (Accelerant Ins) BOR to the client for signing.
Basic Underwriting for Obie (Accelerant Ins) Specialty BOR
Note: We need to send a Obie (American National Ins Co) BOR to the client for signing.
Basic Underwriting for Obie (American National Ins Co) BOR
Note: We need to send a Bamboo BOR to the client for signing.
Basic Underwriting for Bamboo BOR
Note: We need to send a AUGlod BOR to the client for signing.
Basic Underwriting for AUGold BOR
Note: We need to send a First Cap (Preferred) BOR to the client for signing.
Basic Underwriting for First Cap (Preferred) BOR
Note: We need to send a First Cap (Ca Fair Plan Eq.) BOR to the client for signing.
Basic Underwriting for First Cap (Ca Fair Plan Eq.) BOR
Note: We need to send a First Cap (Excess Fire) BOR to the client for signing.
Basic Underwriting for First Cap (Excess Fire) BOR
Note: Make sure to upload all your quote files here instead of saving in ezlynx client file direclty. After you hit submit then you get the pdf copy of this CPA which will be saved in ezlynx anyway. This is a more organized way of saving files related to quoting / marketing a risk and is much easier to review on future Renewals.