What is the renewal process?

Our renewal process differs depending on your payment plan.

Fixed Policies: A renewal notice will be sent out 60-days and 45-days prior to the renewal. The notice will include a short-form application. Once the application is sent in to the assigned Account Executive team, the underwriting portion will begin.

Per Transaction Policies: A renewal notice will be sent out 60-days and 45-days prior to the renewal. The notice will include a short-form application. Indication terms (quotes with certain “subject to” conditions) are quoted and presented based on the ledger information reported 30-days out. You’re then able to bind the indication terms if you confirm that your activity is valid and current.

This blog/website is made available by CRES Insurance Services for educational purposes to give you general information and understanding of legal risks and insurance options, not to provide specific legal advice. This blog/website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. Claims examples are for illustrative purposes only. Read your policy for a complete description of what is covered and excluded.

Originally Published January 5, 2017

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