{{Attention|If the mailing address is used to verify '''[[Primary Residence]]''', then it cannot be changed until a document has been submitted in its place.}}
{{Attention|If the mailing address is used to verify '''[[Primary Residence]]''', then it cannot be changed until a document has been submitted in its place.}}
}}
}}
<big>'''Update Insured Name'''</big><br>
<big>'''Coverage Change Rules'''</big><br>
The policyholder’s name has been updated due to legal reasons (e.g., marriage, divorce).<br>
{{Docs-req|1=a signed request from the insured or legal document showing change to insured name}}
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<big>'''Correct Insured Name'''</big><br>
The insurable interest does not change, but the policyholder’s name is incorrect.<br>
{{Docs-req|The agent must state that the name was incorrect on the application and there is no change to insurable interest}}
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<div style="margin-top:10px;">'''Once all details are entered, click the "Save" button (move to Step 3 below).'''</div>
<div style="margin-top:10px;">'''Once all details are entered, click the "Save" button (move to Step 3 below).'''</div>
This procedure explains how agents can submit requests to change coverage amounts on an NFIP policy. Coverage changes include increases or decreases to building and contents coverage, as well as deductible changes. Supporting documentation may be required depending on the type of change.
Coverage Change Types
Type
Waiting Period Rules
Required Documentation
Coverage Increase
Standard Waiting Period or Exception
None
Coverage Decrease
None; can be applied to inception
Proof of over-insurance (e.g., property appraisal) or documentation of building damage.
Deductible Increase
None
None
Deductible Decrease
Standard Waiting Period or Exception
Statement from lender rejecting deductible amount
Procedural Steps
1. Access Policy Record
Use the "Policy Changes" menu along the right side of the page.
