Changes to email address, phone number, and mailing address.<br>
Changes to email address, phone number, and mailing address.<br>
{{Attention|If the mailing address is used to verify '''[[Primary Residence]]''', then it cannot be changed until a document has been submitted in its place.}}
{{Attention|If the mailing address is used to verify '''[[Primary Residence]]''', then it cannot be changed until a document has been submitted in its place.}}
}}
<big>'''Insured Name Update'''</big><br>
<big>'''Insured Name Update'''</big><br>
Choose the radio button to make changes to the payor.<br>
Choose the radio button to make changes to the payor.<br>
Line 106:
Line 106:
<big>'''Insured Name Correction'''</big><br>
<big>'''Insured Name Correction'''</big><br>
Choose the radio button to make changes to the payor.<br>
Choose the radio button to make changes to the payor.<br>
}}
{{Attention|To transfer the policy to a new building owner, refer to '''[[Submit Policy Assignment]]'''}}
{{Attention|To transfer the policy to a new building owner, refer to '''[[Submit Policy Assignment]]'''}}
'''Once all details are entered, click the "Save" button (move to Step 3 below).'''
'''Once all details are entered, click the "Save" button (move to Step 3 below).'''
This procedure explains how agents can request a change to the insured details on an NFIP policy. These changes can include contact details, adding co-insureds or additional insureds, or making changes to the names.
Types of Insured Name Changes
Type
Description
Required Documentation
Effective Date Rule
Name Correction
The insurable interest does not change, but the policyholder’s name is incorrect.
Signed policyholder request for correction.
Effective from the inception date of the current term.
Adding a Name
An additional policyholder is being added to the policy.
Existing policyholder’s signed authorization for addition.
Effective from the date of request.
Removing a Name
An existing name is being removed, which may affect insurable interest.
The signature of the policyholder that is being removed is required. In the case of a death or divorce, a death certificate or the divorce decree may be used in lieu of the signature.
Effective from the date of request.
Policy Assignment
Transferring insurable interest to a new policyholder and removing the current one.
The change form/endorsemnt must be signed by the seller on or before the closing date. If the prior owner used the property as their primary residence, the new owner must provide primary residence documentation.
Effective from the date of transfer.
Updating a Name
The policyholder’s name is updated due to legal reasons (e.g., marriage, divorce).
A copy of the marriage certificate, divorce decree or other document substanciating the change of the insured name is required.
Effective from the date of legal change.
Procedural Steps
1. Access Policy Record
Use the "Policy Changes" menu along the right side of the page.
