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 personal articles floater (PAF) 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 Signing.Step 7 – Bind the Policy & Complete Point of Sale.Step 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 RCE Calcalation (Replacement Cost Estimator) this amount of coverage is needed to replace the home in case of a total loss.Coverage B - Other Structures:Coverage C - Personal Property:Coverage D - Loss of Use:Coverage E - Personal Liability: Coverage F - Medical Payment:
Other Coverages & Endorsements:Building Ordinance:DIC Endorsement:Replacement Cost on Dwelling:Replacement Cost on Personal Property:Extended Replacement for Dwelling:Animal Liability: Equipment Breakdown:Sewer or Drain Backup:Personal Injury:
Deductible:
Note: Enter the risk into Ezlynx quoting screens
Prio Ins. Info
Identify Carriers that will write this risk:
These are the Primary Markets for Personal Articles Floater
Basic Underwriting:
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Underwriting Forms:
JIBNA Flyer
Basic Underwriting for Mercury (Cal Auto)
Underwriting Guidelines
Compare the Rates:
STEP 6 - Prepare Application for Signatures
Note: We need to prepare the Aegis 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.
Underwriting GuidelinesUmbrella BrochureUmbrella Specimen
Note: We need to prepare the Foremost application along with any additional underwriing forms for signatures.
Note: We need to prepare the Hartford application along with any additional underwriing forms for signatures.
Note: We need to prepare the JIBNA application along with any additional underwriing forms for signatures.
Note: We need to prepare the Mercury application along with any additional underwriing forms for signatures.
Note: We need to prepare the Pacific Specialty application along with any additional underwriing forms for signatures.
Note: We need to prepare the Stillwater application along with any additional underwriing forms for signatures.
Note: We need to prepare the Travelers application along with any additional underwriing forms for signatures.
STEP 7 - Bind the Policy:
Note: We need to Bind the Aegis Policy.
Note: We need to Bind the Foremost Policy.
Note: We need to Bind the Hartford Policy.
Note: We need to Bind the JIBNA Policy.
Note: We need to Bind the Mercury Policy.
Note: We need to Bind the Pacific Specialty Policy.
Note: We need to Bind the Stillwater Policy.
Note: We need to Bind the Travelers Policy.
Now that you have Bound the Policy, its time to complete the Point of Sale. Hit Submit
STEP 6 - Process a BOR:
Field-2D (What is a BOR or AOR)
Note: We need to send a 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 successfullytransferred 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 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 a Hartford BOR to the client for signing.
Basic Underwriting for Hartford BOR
-Hartford requires at least 20 days prior to renewal for the policy to be successfullytransferred 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 a JIBNA BOR to the client for signing.
Basic Underwriting for JIBNA BOR
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 Pacific Specialty BOR to the client for signing.
Basic Underwriting for Pacific Specialty BOR
Note: We need to send a Stillwater BOR to the client for signing.
Basic Underwriting for Stillwater BOR
Note: We need to send a Travelers BOR to the client for signing.
Basic Underwriting for Travelers BOR
-Travelers requires at least 30 days prior to renewal for the policy to be successfullytransferred 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: 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.