15 Jul Strong Factor in Your Renewal Premium (Payment History)
Posted at 11:57h
in Premiums
Insurance carriers utilize your Payment History as one of the factors in determining whether or not your business is going to have a Rate Increase in your Renewal Premium. Payment History involves: - Notice of Cancellation(s) - Late Payment(s) - Cancellation Reinstatement(s) *Becoming more limited by the insurance companies* An insurance claim filed during a lapse in your coverage from inadvertently...