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policy renewal checklist
Review Current Policy
Evaluate existing coverage and identify any gaps
Confirm any policy changes made in the past year
Check policy limits and deductibles
Assess if any endorsements need to be added or removed
Review claims history and adjust coverage as necessary
Client Communication
Notify client of upcoming policy renewal date
Discuss any changes in client’s circumstances
Provide a summary of current policy terms
Address any client questions or concerns
Offer recommendations for policy adjustments
Policy Quotation and Comparison
Obtain renewal premium quote from current insurer
Gather competitive quotes from other providers
Analyze differences in coverage terms and pricing
Highlight benefits and drawbacks of each option
Prepare a detailed comparison for the client
Finalize Renewal
Confirm client’s decision on policy renewal
Update and finalize policy documentation
Process payment for the renewed policy
Issue renewal confirmation to the client
Ensure all necessary endorsements are included
