Policy administration
Mid-term changes, priced right the first time.
Endorsements, cancellations, reinstatements and audits in guided wizards. Premium is pro-rated for you and every change creates a new policy version.
A mid-term endorsement adds a new warehouse location to a property policy. The effective date is set, the annual premium change is pro-rated for the days left on the policy and the policy moves to version 2. An endorsement and an invoice for only the pro-rated amount are issued.
Mid-term changes
PR-26-0088 · Larkspur Storage Inc
Endorsement+$6,202
Premium auditDue Nov 1
CancellationReturn pro rata
ReinstatementAvailable
Every change has a wizard
Each mid-term change walks the underwriter through what's needed and nothing more.
- Endorsements that add or remove locations, insureds and cover
- Nil-premium changes for wording and detail updates
- Cancellations with return premium worked out
- Reinstatements, broker of record changes and commission changes
Version 2 issued
Additional premium $6,202
Versions, not overwrites
Each change creates a new version of the policy. The old one stays exactly as it was issued.
- Annual premium and the pro-rated change kept apart
- A full version history on every policy
- Invoices and credit notes for just the change
- Premium audits and turnover adjustments at expiry
Renewals · next 90 days
Submission received18
Lead sent to broker15
No response yet9
Renewals that don't slip
Expiring policies become renewal leads well ahead of the date.
- Expiring and lapsing policies reported each week
- Renewal leads turned into submissions with last year's details
- Lapse notices when a policy isn't renewed
- Pending quotes and surveys tracked to the deadline
See it with your own submissions.
A 30-minute walkthrough on your lines, your forms and your binders.
Book a demo