Modifying coverage amounts during the quoting process
To adjust building coverage amounts within a quote:
Navigate to the Property/Coverage section of the Business Owner’s Policy (BOP) quote.
Locate the Building Coverage Limit field.
Enter the desired coverage amount in this field.
Important Notes:
The system requires both building and contents coverage to be included. You cannot set the building coverage limit to $0 or remove the line entirely.
These steps apply broadly across carriers supported by the Bold Penguin Terminal. Specific carrier portals may have additional requirements.
Adjusting coverage amounts or effective dates for carrier requirements
If a carrier requires changes to coverage amounts or the effective date before binding:
Make only the basic selections (e.g., coverage amount and start date) in the Bold Penguin Terminal.
Access the carrier’s portal to perform detailed adjustments as needed.
Alternatively, request underwriting assistance to fine-tune the details once the quote is in the carrier’s workflow.
This approach ensures compliance with carrier-specific requirements while maintaining flexibility in the quoting process.
Common constraints and troubleshooting tips
Always ensure that both building and contents coverage are included in the quote to avoid system errors.
For carrier-specific adjustments, consult the carrier’s portal or contact their support team for guidance.
If you encounter issues, verify that all required fields are completed in the Bold Penguin Terminal before proceeding.
By following these steps, you can efficiently modify coverage amounts and address carrier-specific requirements during the quoting process.