Next
Please be aware that all PowerPlace products now automatically lapse 7 days after the renewal date, apart from Professional Indemnity policies which will lapse on the renewal date. Where cover is required, we would like to remind you that you will need to process each policy renewal manually by the renewal date.
How to renew a Policy on PowerPlace?
You will receive an automated email advising that your client's policy is in renewal invited status ready for you to process:
Step 1 - Select the Transactions tab and select the ‘Renewal - Renewal Invited’ transaction.
The Renewal Risk Summary will be displayed.
Step 2 - Click on the Allocate to me button under Actions; then
Step 3 - Click on the Process Renewal button under Actions.
Step 4 - The Confirm Cover screen will be displayed, select Continue.
Step 5 - The Post Quote information is displayed, select Continue.
The Risk Summary screen is displayed confirming the renewal has been processed and the status is set to ‘Renewal Accepted’.
The status of the renewal policy will automatically go to ‘Live’ when the renewal date is equal to today’s date.
Need further information
If you have any further questions about this change or require additional training please contact our Broker Enablement Team on the number above.
Next
