- 736
What do you guys do for people who want same day effective coverage? Cash only or checks OK?
Right now I tell them checks cannot be same day since I need to make sure its cleared.
Usually I get full premiums and I'm on the hook for earned premium if check bounced and insured decided not to keep.
Is a check payable to be enough for me to chase and send noticed to collect premiums due?
Right now I tell them checks cannot be same day since I need to make sure its cleared.
Usually I get full premiums and I'm on the hook for earned premium if check bounced and insured decided not to keep.
Is a check payable to be enough for me to chase and send noticed to collect premiums due?
