Difference between revisions of "Renewing Cases"

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(New page: Renewals can be made to any on-cover policy, at which point you can add or remove levels of cover, increasing or decreasing the cost of the policy at Renewal. To Renew a policy, find the ...)
 
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Renewals can be made to any on-cover policy, at which point you can add or remove levels of cover, increasing or decreasing the cost of the policy at Renewal.
 
Renewals can be made to any on-cover policy, at which point you can add or remove levels of cover, increasing or decreasing the cost of the policy at Renewal.
  
To Renew a policy, find the policy first of all. Once you have found the policy, press the View button to be taken to the Policy Summary tab on the Policy screen.
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To Renew a policy, find the policy first of all.  
  
On the right hand side you will find a button labelled Renew Policy.
+
Once you have found the policy, press the View button to be taken to the Policy Summary tab on the Policy screen.
  
Pressing this adds the Renewal tab to the page, where details for the policy calculation can be tweaked to add more or less cover in certain areas. Once the Renewal is ready, press Save Changes.
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If the policy is On Cover and the Expiry Date is within 180 days of the current date you will find a button labelled Renew Policy on the right hand side.
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Pressing this creates a Renewal at Quotation status.
 +
 
 +
The Renewal initially has the original term's figures and answers.
 +
 
 +
These can be tweaked to reflect the risk at it's current status. The previous, historic term remains unchanged.  
 +
 
 +
Once the Renewal is ready, press Save Changes.
  
 
The New Renewal record will appear in the policy History drop-down box.
 
The New Renewal record will appear in the policy History drop-down box.
  
 
You can now proceed to the Documents tab to create Renewal Documentation where necessary, or to view any Renewal Documentation that may have been auto-generated for you.
 
You can now proceed to the Documents tab to create Renewal Documentation where necessary, or to view any Renewal Documentation that may have been auto-generated for you.

Revision as of 07:16, 9 April 2010

Renewals can be made to any on-cover policy, at which point you can add or remove levels of cover, increasing or decreasing the cost of the policy at Renewal.

To Renew a policy, find the policy first of all.

Once you have found the policy, press the View button to be taken to the Policy Summary tab on the Policy screen.

If the policy is On Cover and the Expiry Date is within 180 days of the current date you will find a button labelled Renew Policy on the right hand side.

Pressing this creates a Renewal at Quotation status.

The Renewal initially has the original term's figures and answers.

These can be tweaked to reflect the risk at it's current status. The previous, historic term remains unchanged.

Once the Renewal is ready, press Save Changes.

The New Renewal record will appear in the policy History drop-down box.

You can now proceed to the Documents tab to create Renewal Documentation where necessary, or to view any Renewal Documentation that may have been auto-generated for you.