Policies

Policies

Policy renewal overview

BriteCore will automatically renew policies. Policy renewals will reflect changes to the policy, such as new mandatory coverages and inflation guards. BriteCore will also update values like claim history and the age of a property.

Policy declarations and invoices will print for the renewals. Additional forms won’t print unless:

  • A new policy form was added.
  • A form is set to print at every renewal.
  • A form was updated.

BriteCore can also automatically transfer outstanding debits to the policy renewal if you use the move_cross_term_debits advanced setting.

BriteCore renews policies by creating and committing renewal revisions on the same day the renewal invoice is scheduled to print. If the renewal revision is set to print 30 days before the renewal’s inception date, BriteCore will process the renewal revision 30 days before the inception date.

If the original policy is endorsed after BriteCore has processed the renewal revision, BriteCore will make applicable changes to the renewal revision or alert you that the revisions need to be made manually.

You will be notified by email if BriteCore can’t automatically process a policy renewal. You can use the Builder Conflict Resolver to resolve conflicts and process the renewal.

Note: Automatic renewals can be disabled by setting the auto_renewal advanced setting to False.