UWR
Guidelines HO3
Finanance Questions
Agent/Named Insured Questions
Processes
100

Do we have a turn around time for our UWR for VRLH

No we do not, FCFS

100

What payment plans to we offer

Annual payment plan

3-payment

5-payment

10-payment

Mortgagee pay

100

What day do we mail out checks for RP

Tuesdays and Fridays

100

Does Bamboo have an online portal for our named insureds

At this time Bamboo does not have an online portal for our named insureds

100

How do you change a Risk Address and do you process the change right away

Submit a Additional Review ticket for a TL (Team Lead) to Review and wait for TL approval to proceess

200

What is needed for a review over 1.3M

We need all the photos, NI EM, phone number and date of birth

PHOTOS:

4 Exterior Side, 1 photo of the roof, Kitchen cabinets and under the sink, kitchen counters, Bathroom cabinets and under the sink, flooring throughout the home, detached structures, fencing, fireplaces(s), pool/spa

200

What fees does Bamboo have?

$70 New Business and Renewal Business

$10 instalments

$25 NSF

$10 Late Fee/ Reinstatement fee

2.78% for card fee

200

How many days after a check is issued that we can resend out the check?

30 days after a check has been issued

200

What if the named insured does not have a New Home Inspection Report, can we accept anything else?

We can also accept the apprasial

200

Can you help me on the E&S program for the review

We are unable to review any of the E&S program, we can only make payments and update the MTG. Any other questions the AG will need to reach out to eands@bambooinsurance.com

300

How do we review the VRLH Reports for prior owner loss.

Bamboo needs a copy of the NHIR (New Home Inspection Report ) or an apprasial


300

What are 2 additional scheduled personal property coverages that can be added to a policy

Jewelry, Furs, Cameras, Musical Instruments, Silverware, Golfers Equipment, Fine Arts, Postage Stamps, Rare and Current Coins, Fire Arms

300

When entering in a check request ticket, what steps should you put for Mary


Please resend out the check the MA on file, verfiered MA, check has not been cashed

300

Can we update the 360V to have a pool on the property

Yes, we would need an EM stating that there is a pool on the property and then we would send to our underwriting team to review and make the changes to the 360V

Details for EM: size, photos, materials of pool

300

How do agent get discounts applied to the account?

The AG will need to email discounts@bambooinsurance.com and fill out the discount request form. All discounts will be pro-rated to the correct date.

400

When the Agents get the prompt for the UWR, what do the AG needs to send in

The list of photos and the NI EM, phone number and the DOB

400

What are 2 unacceptable risks with Bamboo

Section 15 in the HO3 Guidelines

400

Can Return Premiums be sent back to a credit card/debit card or to the roughting and account number

No all Return Premiums are sent out via check through regulars mail.

400

How to update the Roof Year

Need the photos and invoices

400

How do we add a second Named Insured to a policy?

Do the Named Insureds share the same last name
Yes - we can add with no documentation

No - We need a copy of the deed/title to complete the change.

500

Can we review and E&S UWR?

No, we cannot, we can only take a payment and update mortgagee

500

Is coverage C in a HO3 an opened or named peril

Named, section 12.1

500

What is the CC and ACH ticket for

Same day void for payments
500

Can we waive the 2.78% fee one time?

No this is a 3rd party fee, not a bamboo fee


500

How can we change a NI name on a policy

We need a copy of the DL, legal docs(marriage cert)