Classic Quotes overview

The Quotes module provides a dynamic interface for agents and other stakeholders to generate policy estimates based on risk locations, rating details, product lines, and individual carrier risk tolerances. Carriers can configure each screen, from collecting contact details, answering initial questions, and completing rating information, to submitting an application, evaluating underwriting metrics, and completing final processing.

Policy setup

To start a quote, agents must provide the policy effective date, state, and policy type. Carriers can add disqualifying or knockout questions by policy type to determine if an application qualifies prior to permitting agents to continue the quoting process.

Add contact details

As agents enter the applicant’s details, their contact information is stored in BriteCore’s Contacts module. Agents can enter information about individual or organization insureds as well as relevant additional interested parties and financial institutions.

Add risk properties

Agents will enter the physical location of the risk property(ies), and can quickly import address information from the insured’s contact details. Address verification features confirm county and state locations by ZIP code. Through several pre-built integrations, protection class details, loss history details, and Google Maps data can be included in the quote. Agents also can enter mortgagee information related to the risk location(s).

Select rating options

The Rating screen is fully configurable and integrates with BriteCore’s Lines module to provide key coverage and limit options related to policy type, as well as additional coverages or items. A carrier’s product lines govern what policywide options and individual coverage options can be included in the policy quote. The options you select will determine the calculated premium total. If you modify a quote, you may recalculate the premium amount.

Questions

Quotes can include binding questions to facilitate the underwriting process and generate the quote. Their answers help determine how the application aligns with the carrier’s rules and risk acceptance; they may may or may not be required.

Underwriting

The Underwriting screen of the quote interface will appear when dictated by the carrier’s business rules. You can determine next steps according to the carrier’s limits. If straight-through processing is enabled, you may skip this tab and continue to the billing and application steps. If enabled, you can request an underwriter review or make changes to the quote details from this tab.  

Billing

When a quote progresses to application, you can enter payment information, including the responsible party, contact information, and payment schedule/methods. 

Application

The Application screen provides a summary of all the information you entered. You can edit these details, add additional attachments, or print/email the application.