Builders Risk News Roundup: January 2021
For this month's edition of our Product News Roundup, check out these three builders risk insurance highlights to help you sell and service course of construction clients with confidence.
- New App Released
Answer six questions and issue a residential builders risk policy at record speed via XPressBIND®. It’s the shortest application now available for one-to-four-family new home construction projects valued up to $500K.
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- Pay at Issuance
You can submit payment on behalf of your customer any time, whether it’s just after clicking the policy issue button or days after issuance.
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- Credit Cards Accepted
Your builders risk and contractors equipment insurance clients can now pay their policy premium using a credit card. There’s no additional fee, and you can submit payment at the time of issuance!
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Check in again next month when we deliver another roundup of product news. Until then, you can find out what other insurance professionals say about the Builders Risk Plan insured by Zurich or leverage our resource center to ramp up your expertise even more!
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Check out these three tips for insuring frame construction so you can confidently sell to and service construction clients.
Through US Assure, you have access to policies that often complement the needs of your builders risk insurance clients. Check out these instructions to service them in the most efficient way.
Do you know the differences between a named insured, additional name insured and additional insured?
When a covered cause of loss occurs, the claims payment check will be issued to all named and additional insureds, as well as lenders, and each will be required to sign it in order to receive funds.
Check out these definitions to ensure you understand the full impact of each insured type.