Billing
How many pay plans are offered for ULR umbrellas?
Pay in full, 3 pay, 6 pay and full pay
Insurance is meant to indemnify against damage to buildings while under construction.
Builders Risk
what kind of bike should not be listed on the umbrella policy.
E-bikes
What is the services agent handling for cancelling a policy in GA?
Process the cancellation
Advise the policyholder they will receive a confirmation of cancellation letter.
Document the policy with the below information:
GPUP
(Insert insured's name or NIN/SIN) Requested verbal umbrella canx
Processed eff XX/XX/XX
What is the amount of any damages an insured must pay for any occurrence resulting in personal injury or property damage which is not covered by your primary insurance.
A Retained limit
What services are not available at Geico.com
*Mention 6
Cancel a policy
Reinstate
Change of Address (State to State)
Remove / Edit Drivers
Divorce / Separation
Edit stored payment account information
Track/Submit a Claim
PH called to add a Rental property to his umbrella but doesn't know his HO limit. what do you do?
Do not add, request a dec page to be email to UW. advise once we receive it UW will add the property to the GPUP.
If the golf cart is covered by a HO policy, what is the minimum liability requirement?
$400,000 or next highest available if listed under a Homeowner's
what are the 3 scenarios we can RWOL a GPUP
Payment received on the date of cancellation by 11:59 PM EST/EDT
Policyholder Reconsiders Cancellation
Future - Dated Cancellations
what are 4 Acceptable Forms of POR for GPUP?
Full utility bill.
Bank statement or credit card statement
Tax statement
Mortgage documents
Pay stub
Verification of commute to work
What is the Installment fee charge in all state except FL?
$4.00
(GG/UUR) PH called to change his primary address because he moved and doesn't know how much liability he has on HO, what do you advise?
Advise policyholder of the requirement or gap and need to increase the liability limits and send a declarations page within 10 days.
what use is not acceptable on the umbrella policy.
Boats that are used for hire/charter or rented to others are not acceptable on the umbrella policy.
What policies cannot be reissue?
Terminated policies by UW still ineligible for any reason.
Policies with missing underwriting information.
Policies with inactive underlying auto policy
Policies that have been nonrenewed more than 6 months
what are the Item covered by RLI but excluded by GEICO?
LLCs
more than 5 properties
Short-term rentals
property outside U.S
how many days can we postdate a payment?
30 days
Facilities usually only provide housing for the elderly or disabled and/or provides nursing, meals, and/or housekeeping as needed.
These are generally acceptable to add as a primary or secondary residence with the required underlying insurance.
Assisted Living Facility
Ph is adding an RV to the GPUP, what coverage is strongly recommend to avoid coverage gap?
$500,000 vacation liability on the RV policy to avoid coverage gap.
who cannot Reissue an umbrella policy with this person if the NIN is deceased?
An Executor of the Estate (EOE)
in what situation a retention effort is not needed it?
what is the name of the discount associated with credit is based on the insured's credit-based insurance score.
The Financial Responsibility Discount
What is the criteria to meet to be eligible for an umbrella policy?
Cannot be insured under a farm or commercial policy
Cannot be a working farm
Cannot be equal to or greater than 200 acres
Cannot have more than one full time farm worker/employee
Cannot be the insureds primary source of income
Cannot be the insureds primary residence
what assets are not required to be insured on an underlying GEICO policy.
Antique
Classic Autos
Motorcycle
RV and Golf Cart
If the named insured calls in regarding a Divorce/Separation, what is the process for the SIN?
Attempt outcall to ex-spouse advise all of the assets will be remove in 30 days
offer a separate umbrella policy
Mention 4 Tailored benefit for umbrella that you can use is a rate increase call?
Expensive Assets
Has Children
Mature Drivers
Rated state
Real estate
Youthful drivers: