Carrier dependent but most of them know that it won’t be occupied the same day as closing where if a claim arises that day it should be covered. Vacant for a day wouldn’t make sense since most of them will be 25% earned
I'm looking for a system outside of EZLynx to generate/manage COIs. I'm locked into EZLynx because of my aggregator, and it works just fine for my personal lines book. But as the commercial book grows, we just need a better system for acords.
Gaya AI can generate fillable Acord COI’s in addition to many other features but wouldn’t be a place to manage them.
Clay Wadsworth Try Wunderite. They’ve been a game changer for us!
Looking for an independent agent in Milwaukee, WI for auto and home. The insured currently has State Farm and would like to shop around. Thanks.
Happy to help!
Missy Matthies Hi! I can help also!
Can you add him as an additional insured on the property for the day? Because if it’s a dual close on the same day, wouldn’t they both need coverage on the same day? If I’m understanding it correctly, seller closes at 10AM to Buyer A. Buyer A owns property from 10AM to 12PM. Then Buyer A sells property to Buyer B at 12PM. Then from 12PM until next transaction that could be 5 or 25 years from now, Buyer B would be the owner of the property. So, why wouldn’t Buyer B own the policy and Buyer A be an Additional Named Insured on the policy for The Day of the transaction only?