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|title =
|title =
|text = This procedure explains how agents can request a [[NFIP Policy Assignment|policy assignment]]. A policy assignment transfers an NFIP policy from the current policyholder to a new policyholder due to a change in ownership.
|text = This procedure explains how agents can request a [[NFIP Policy Assignment|policy assignment]]. A policy assignment transfers an NFIP policy from the current policyholder to a new policyholder due to a change in ownership.
}}
{{img-proc-nofrm
|file = File:Img-vector-change-insured.png
|caption = Policy Changes require specific actions to meet federal guidelines
}}
}}
{{clear}}
{{clear}}
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* Insured names and signatures (sellers)
* Insured names and signatures (sellers)
* New insured names and signatures (buyers)
* New insured names and signatures (buyers)
Add other details as applicable, such as the [[Mortgagee Clause]] or [[Primary Residence]] verification.
Add other details as applicable, such as the [[Mortgagee Clause]] or [[Primary Residence]] verification.<br>
Print or save the form, then upload it to the [[Policy Documents]].
'''Print or save the form, then upload it to the [[Policy Documents]].'''
}}
}}
{{Attention|The form must be signed by seller on or before the closing date. The buyer has up to 30 days to submit to the insurer. [https://www.fema.gov/sites/default/files/documents/fema_nfip_flood-insurance-manual_042024.pdf#page=53]}}
{{Attention|1=The form must be signed by seller on or before the closing date. The buyer has up to 30 days to submit to the insurer. [https://www.fema.gov/sites/default/files/documents/fema_nfip_flood-insurance-manual_042024.pdf#page=53]}}
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}}
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|title = 3. Add, Edit, Delete
|title = 3. Add, Edit, Delete
|content =
|content =
The Policy Assignment may require co-insureds or additional insureds to be added or deleted. The policyholder must be edited.
{{collapsible-details
|number = 31
|title = Edit Policyholder
|content =
<big>Use the '''Edit button''' (pencil icon) in the upper right of the Policyholder section.</big><br>
{{Img-proc-free
|style = padding-top: 1em
|file = Img-proc-change-insured-edit-icon.png
|size = 500px
|caption = Use the Edit button (pencil icon) in the upper right of the Policyholder section.
}}
This will open the Insured fields for editing. <br>
{{Box task
|image = Img-proc-change-insured-edit-fields.png
|size = 300px
|alt = An image showing the options in the Policyholder section.
|caption = Make the appropriate entries to the policyholder details as needed.
|text =
<big>'''Change Policyholder Details'''</big><br>
Make changes to the following:
* Legal status/entity
* Name
* Email address
* Phone number
* Mailing address.
Once all details are entered, click the "Save" button.
}}
'''If co-insureds or additional insureds need to be added or removed, refer to the boxes below.'''<br>
If nothing else remains, move to Step 4 below.
}}
{{collapsible-details
|number = 32
|title = Add Insured
|content =
{{Box task
|image = Img-proc-change-insured-add.png
|size = 200px
|caption = After selecting the Add Insured button, choose either a co-insured or an additional insured.
|text =
When adding a new insured (co-insured or additional insured), click the "'''Add Insured'''" button in the upper right of the Policyholder section.
* Select "Individual", "Business", or "Legal Trust"
* Enter the contact details in the fields below.
* All starred fields are required.
}}
'''If co-insureds or additional insureds need to be removed, refer to the box below.'''<br>
If nothing else remains, move to Step 4 below.
}}
{{collapsible-details
|number = 33
|title = Delete Insured
|content =
<big>Use the '''Delete button''' (trash can icon) in the upper right of the Co-insured or Additional Insured section.</big><br>
''The policyholder can be edited but not deleted.''
{{Img-proc-free
|style = padding-top: 1em
|file = Img-proc-change-insured-delete.png
|size = 500px
|caption = Use the Delete button (trash can icon) in the upper right of the Co-insured or Additional Insured section.
}}
{{Attention|If chosen by accident, this can be undone by clicking the '''Abort''' button in the upper right.}}
If no other changes are needed, move to Step 4 below.
}}
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}}
}}
Scroll to the top of the page to enter the effective date.
Scroll to the top of the page to enter the effective date.
* Enter the appropriate date.
* The Effective Date should match the closing (transfer of ownership) date.
* Backdating to the inception date is allowed for corrections.
* Choose "None" for the [[Waiting Periods|Waiting Period]].
* Choose "None" for the [[Waiting Periods|Waiting Period]].
'''''The Policy Change cannot be completed without choosing an effective date.'''''
'''''The Policy Assignment cannot be completed without choosing an effective date.'''''
This procedure explains how agents can request a policy assignment. A policy assignment transfers an NFIP policy from the current policyholder to a new policyholder due to a change in ownership.
