mikekaleny
New Member
- 6
I've had a few instances where I accidentaly misspelled the clients name and the credit came up as a no hit.
For example if the policy price would come up at $1000 with a no hit, and when I would fix the name, the policy price would increase (sometimes by over a thousand dollars).
My question is; what would happened if I bind the policy with the incorrect name? What would happen if I later change the name to the correct spelling? Would the company run the credit check again and raise the price?
Reason I am asking is because I signed my first client today with a permit and she received an excellent price for full coverage and I knew something was off. Turns the dealer spelled her name incorrectly on the fax he sent me. Now I'm afraid her premium will go up since I had no choice but to send an endorsement to get it fixed.
For example if the policy price would come up at $1000 with a no hit, and when I would fix the name, the policy price would increase (sometimes by over a thousand dollars).
My question is; what would happened if I bind the policy with the incorrect name? What would happen if I later change the name to the correct spelling? Would the company run the credit check again and raise the price?
Reason I am asking is because I signed my first client today with a permit and she received an excellent price for full coverage and I knew something was off. Turns the dealer spelled her name incorrectly on the fax he sent me. Now I'm afraid her premium will go up since I had no choice but to send an endorsement to get it fixed.