Renew NFIP Policy
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This Equinox Procedure is for Agents. Find a complete list here. |
This procedure explains how agents can renew an NFIP policy through the Equinox platform. The renewal process ensures continuous coverage and requires the agent to review policy details, verify payment, and confirm the policy’s renewal status.
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Procedural Steps
1. Access the Policy in Equinox
* Log in to the Equinox platform and locate the policy eligible for renewal.
- Open the policy record to review current policy details and confirm eligibility for renewal.
2. Review Policy Details
* Verify the accuracy of current policy details, including:
* Coverage amounts * Deductibles
- For non-residential buildings, confirm the Building Replacement Cost Value (BRCV).
3. Verify Payment Details
* Check the payment method and confirm the premium amount is correct.
- Verify that payment aligns with the renewal invoice to avoid lapses in coverage.
4. Submit Payment
* Provide the payment using credit card or bank routing and account numbers. There is no additional fee for this service.
- Ensure that payment is processed within the required timeline to secure renewal.
5. Confirm Renewal Status
* Check the policy record to ensure the payment was successful.
- If the policy was flagged for underwriting review, ensure the appropriate documents are present for the renewal term.
Additional Details
- NFIP Guidelines Reference: Guidance on renewals, including timelines and required documentation.
- Equinox Quick Guide: Instructions for providing renewal payments in the platform.
- FAQs for Agents: Common questions about renewals (e.g., "What happens if a renewal payment is late?").
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This page contains details about NFIP Policy Renewal. |