Abbreviations
What does "DP" stand for?
Down Payment
What does "DMV" stand for?
Department of Motor Vehicles
Which of the following is NOT mandatory for an auto quote? Date of birth, license number, or VIN?
The VIN is not mandatory. Year, make, and model will allow us to provide an estimate.
How do you submit a DDC to Safeco?
You don't! Safeco requires that we retain the DDC in house. In the event of an audit they will ask for it.
What does "BF" stand for?
Broker's Fee
How long can you have a lapse before the DMV suspends your license and/or registration?
90 Days
A couple of insureds are getting a divorce. The wife wants her own policy. What do you put in the subject line for the email to sales?
Spin Off
How do you submit documents to Nationwide?
Upload to the doc vault.
What does "NYAIP" stand for?
New York Automobile Insurance Plan
How much is the daily fine in the first month? Second month? Third month?
$8, $10, $12
Which types of policies usually require you to collect two different addresses?
Property policies (home, renter's, dwelling fire, commercial property, condo, etc.)
How do you submit documents to Progressive?
Via e-mail.
What does "CGL" stand for?
Commercial General Liability
How do you inform the DMV that you changed insurance companies?
You don't! Both companies, old and new, will send an electronic transmission updating the DMV on the status of your policy.
What are the 2 most important pieces of information to collect for a workers' compensation quote?
Number of W2 employees and annual payroll.
Name at least 2 things that serve as valid proof of address.
W2's, property dec pages, pay stub, utility bill, bank statement, etc.
What does "UM/UIM" stand for?
Uninsured/Underinsured Motorist
Why is the state insurance plan NOT the best option for people with lapses?
Because the state takes several weeks to notify the DMV that the client has active insurance. Until then, it will look like they are driving without insurance.
What is the equivalent of the VIN for a boat quote?
Hull ID
What does an NYAIP insured need to complete the photo inspection, since their ID card doesn't have a policy number on it?
Inspection Acknowledgement Form