Claims & Coverage
Always check this before filing a claim to see if damage is covered
Policy coverage/Declaration page
The lowest commission rate earned on renewals
40%
Your policy's snapshot of coverage is found on this page
Declarations page
You pay this monthly or annually to maintain coverage
Premium
After storm damage, you'll need to file this to get compensated
Claim
After passing state exams, these professionals can sell property insurance
Licensed Property Insurance Agent
Want to add coverage for jewelry? You'll need one of these policy additions
Endorsements
You become this when you purchase an insurance policy
Policyholder
Your policy's declarations page lists these protection amounts
Coverage
This department handles your policy changes and updates
Policy Management
For mortgage-billed policies, this many business days before renewal is when tasks are set
21 business days
State Farm and Allstate are examples of these companies
Carrier/Insurer
This represents the cost to replace damaged property with new items without depreciation
Replacement cost
Examining property conditions and safety features is part of this evaluation
Risk Assessment
Every two months, policies undergo this review process
60-day audit
This condition increases the likelihood of a peril occurring
Hazard
If your tree falls on your neighbor's house, this coverage helps
Liability coverage
Agents earn this percentage when writing new business
80%
Before issuing a policy, carriers must receive these necessary documents
Underwriting requirements
Carriers perform this process to determine if they'll insure your home
Underwriting