Preferred Mutual

  

Preferred Mutual

  • Real-Time Rating is available 24 hours a day, seven days a week with exception to any needed maintenance.
  • Auto
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  • Lookup By LicenseCan retrieve and validate driver history using a license number
    Lookup By VinCannot retrieve and validate vehicle history using a full VIN
    Clue ReportingDoes not run a Clue Report (which takes into account at-fault and not-at-fault accidents as part of the rating criteria) as part of the Real-Time Rating process
    EligibilityDoes not determine if the risk is eligible or ineligible during the Real-Time Rating process
    Renewal RatingQuotes renewal rates within SinglePoint
    Effective DatesCan quote prior rate filings further than 30 days back
    Motorcycle RatingDoes not quote motorcycle risks in SinglePoint
    Out of state GaragingQuotes vehicles garaged out-of-state
    Out of state DriversHandles drivers with out-of-state experience in a unique manner
    Agency CodesRequires specific agency code info in order to generate a real-time quote
    Automatic updates of Agency CodesAutomatically imports and saves your agency codes
    Modification of LimitsChanges unoffered limits entered in SinglePoint to its closest offering and present a rate
    • Real-Time Rating is available 24 hours a day, seven days a week with exception to any needed maintenance.
    • The Swimming Pools and Diving Boards endorsement has changed to just Diving Boards. The presence of a pool now will be captured on the Dwelling tab. Special note: SinglePoint does not support rating of multiple pools on a property. Users should select “Yes” for pool before entering a number of diving boards.
    • Not all SinglePoint coverage limits and deductible options are supported by Preferred Mutual; the closest available limit will be rated. You may refine the selection once you bridge the quote into Preferred Mutual.
    • Pinnacle endorsement is designed for the policyholder who wants a greater level of Homeowners protection and is available on form.
    • Equipment Breakdown and Service Line Coverages are automatically added to the Singlepoint quote based on form selection. You may quote without these coverages and remove them once bridged to Preferred Mutual if they are not desired.

     

    CreditCarrier does not run a credit report during the Real-Time Rating process
    Coastal LookupCarrier runs a Risk Meter (distance to coast) or similar mapping tool for the dwelling location
    Plan SelectionCarrier assigns the appropriate plan based on underwriting criteria
    Modification of LimitsCarrier changes unoffered limits entered in SinglePoint to its closest offering and presents a rate
    Agency CodeCarrier requires you to enter an agency code in order to use Real-Time Rating
    EligibilityCarrier does not determine if the risk is eligible or ineligible during the Real-Time Rating process