Submit Change to NFIP Policy: Difference between revisions

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|text = This page serves as a directory for various Policy Changes agents can request through the Equinox platform. Each change type includes details about the process, effective dates, and required documentation. Agents can reference individual procedures for more specific instructions.
|text = This page serves as a directory for various Policy Changes agents can request through the Equinox platform. Each change type includes details about the process, effective dates, and required documentation. Agents can reference individual procedures for more specific instructions.
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== Administrative Changes ==
== Administrative Changes ==
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| Renewal Billing || Start of new policy term || Yes || No
| Renewal Billing || Start of new policy term || Yes || No
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== Insured Name Changes ==
== Insured Name Changes ==
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| Updating a Name || Date of legal change || No || Link
| Updating a Name || Date of legal change || No || Link
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== Building Characteristics Changes ==
== Building Characteristics Changes ==
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| Flood Zone Revision || Based on FEMA map changes || No || Link
| Flood Zone Revision || Based on FEMA map changes || No || Link
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== Coverage Changes ==
== Coverage Changes ==
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* '''FAQs for Agents''': Common questions about policy changes (e.g., "What happens if a requested change is missing documentation?").
* '''FAQs for Agents''': Common questions about policy changes (e.g., "What happens if a requested change is missing documentation?").


 
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Revision as of 09:29, 19 December 2024

This Equinox Procedure is for Agents. Find a complete list here.

This page serves as a directory for various Policy Changes agents can request through the Equinox platform. Each change type includes details about the process, effective dates, and required documentation. Agents can reference individual procedures for more specific instructions.

Administrative Changes

**Policy Detail** **Effective Date** **Auto-Issue?** **Documents**
Mortgagee Clause Date of request Yes No
Insured Mailing Address Date of request Yes No
Renewal Billing Start of new policy term Yes No

Insured Name Changes

**Policy Detail** **Effective Date** **Auto-Issue?** **Documents**
Name Corrections Start of current term Yes No
Adding/Removing a Co-Insured Date of request No Link
Updating a Name Date of legal change No Link

Building Characteristics Changes

**Policy Detail** **Effective Date** **Auto-Issue?** **Documents**
Elevation Data Update Start of current term No Link
Flood Zone Revision Based on FEMA map changes No Link

Coverage Changes

**Policy Detail** **Effective Date** **Auto-Issue?** **Documents**
Coverage Increase 30-day waiting period No Link
Coverage Decrease Start of current term Yes Link
Deductible Change Start of new policy term Yes Link

General Process for Submitting a Policy Change

Step 1: Access the Policy in Equinox

* Log in to the Equinox platform and locate the policy requiring a change.

Step 2: Initiate the Change Request

* Navigate to the "Policy Actions" menu and select the relevant type of policy change.

Step 3: Enter the Requested Changes

* Update the necessary details, such as coverage limits, deductible amounts, or insured name, as applicable.

Step 4: Attach Supporting Documentation (if applicable)

* Upload required documentation for specific types of changes, such as proof of over-insurance or legal documentation.

Step 5: Review and Submit the Change Request

* Confirm all details are accurate and submit the request for processing.

Additional Details

  • NFIP Guidelines Reference: Guidance on policy changes, including timelines and required documentation.
  • Equinox Quick Guide: Instructions for submitting policy changes in the platform.
  • FAQs for Agents: Common questions about policy changes (e.g., "What happens if a requested change is missing documentation?").

This page may need to be edited based on suggestions or concerns. Read more in the Discussion page.

This page contains details about NFIP Policy Changes.
Find more NFIP information in the How To Endorse section of the Flood Insurance Manual.