Submit Change to Mortgagee Clause: Difference between revisions
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|text = This procedure explains how agents can request changes to the mortgagee clause on an NFIP policy using the Equinox platform. Changes to the mortgagee clause may include updating the mortgagee’s name, address, | |text = This procedure explains how agents or insureds can request changes to the mortgagee clause on an NFIP policy using the Equinox platform. Changes to the mortgagee clause may include updating the mortgagee’s name, address, loan number or adding or removing a mortgagee. Incorrect mortgagee information is a common cause of claim payment delay. | ||
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Revision as of 14:05, 19 December 2024
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This Equinox Procedure is for Agents. Find a complete list here. |
This procedure explains how agents or insureds can request changes to the mortgagee clause on an NFIP policy using the Equinox platform. Changes to the mortgagee clause may include updating the mortgagee’s name, address, loan number or adding or removing a mortgagee. Incorrect mortgagee information is a common cause of claim payment delay.
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Procedural Steps
1. Prepare for the Change Request
* Gather the following information:
* Policy number * Current mortgagee details* Requested updates (e.g., new mortgagee name, address, or removal of a mortgagee)
2. Access the Change Request Menu
* Log in to the Equinox platform and navigate to the "Policy Actions" menu.
- Select "Change Mortgagee Clause" to open the request form.
3. Enter the Requested Changes
* Update the mortgagee details as required, such as:
* Adding a new mortgagee * Updating contact details for an existing mortgagee * Removing a mortgagee from the policy
- Ensure all changes align with NFIP guidelines and reflect the policyholder’s instructions.
4. Review and Submit
* Review the request for accuracy and completeness.
- Submit the mortgagee clause change through the Equinox platform for processing.
Additional Details
- NFIP Guidelines Reference: Guidance on mortgagee clause changes, including documentation and timeline requirements.
- Equinox Quick Guide: Instructions for submitting mortgagee clause changes in the platform.
- FAQs for Agents: Common questions about mortgagee clause changes (e.g., "What happens if the mortgagee details are incorrect on the policy?").
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This page may need to be edited based on suggestions or concerns. Read more in the Discussion page. |
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This page contains details about NFIP Policy Changes. |