Become an agent today.
Sign up for instant access to an "A" rated carrier with no volume commitment!
Builders Risk News Roundup: February 2023
February 3, 2023
Check out these three builders risk policy tips. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.
1) Policy Cancellation Request
To cancel a policy, submit an ACORD 35 form via email. If you don’t have access to the form through your organization, you can find a standard copy by searching online.
2) Pro-Rata Eligibility
In most states, policies are fully earned for residential projects, as well as commercial accounts under $1M. However, pro-rata cancellations may be permitted based on state requirements or underwriting guidelines. For more information, contact our Service team at (800) 800 - 3907.
3) Policy Reinstatement
In some scenarios where the premium payment was late or missed, a policy reinstatement can be considered if coverage is needed. This will require you to submit a completed Statement of No Loss letter from the policyholder.
See you next month when we deliver another roundup of product news. Until then, you can find more training tools for you and your team in our resource center.
More News
View moreDecember 1, 2023
Builders Risk News Roundup: December 2023
Check out these three reporting form policy guidelines that will help you confidently sell to and service course of construction clients. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.
November 17, 2023
Thanksgiving Schedule and Early Closing
November 1, 2023
Builders Risk News Roundup: November 2023
Get a snapshot of these three important builders risk coverages. Then, sign up today for instant access to our “A” rated product in your state with no volume commitment.
October 7, 2023
Eligibility Increase Alert: XPressBIND Expands to $1M for New Home Construction
With new home construction in high demand and increased building prices, don't miss out on the opportunity to speed up your application. When you choose XPressBIND, you’ll race to the finish line with a new level of efficiency and convenience in builders risk insurance.
Next up
Resources