ipfs.com| Policy Tips

A few Best Practices will ensure that the underwriting for the Quote is completed properly and save you time. In addition, should the policy cancel it is critical to have accurate and correct information. 

1. Policy # - leave PENDING if the # is outstanding. This prompts IPFS to follow up for the number.
2. Coverage Type – Choose from the drop down.
3. Effective/Expiration Dates  - enter the effective date and expiration defaults to 12 months, this can be edited.
4. Premium – without the taxes and fee’s
   1. Taxes – enter separate from the premium.
   2. Fees – enter separate from the premium - these are nonrefundable policy fees.
5. Min. Earned % or $ - how the policy earns premium directly impacts the return premium in the event of cancellation.
6. Cancel Days – The number of days notice prior to cancelling a policy. This also directly impacts the return premium in the event of cancellation.
7. Company and GA - The Company and GA preferred list contains entities that have been accepted by IPFS and listed on a prior PFA in the past.
8. Auditable – auto selects on coverage types that are typically auditable.
9. Loss Payee Required – auto selects on coverage types that require a loss payee.
10. Loss Payee Requested – let us know that you have already requested the loss payee.
11. Min Liability and Max Liability – if available please enter based on the policy provisions.

The information contained herein is confidential an proprietary. Recipients will respect the confidentiality of this material and not disclose to any third party any of the contents of this document without first obtaining written approval from IPFS.  Copyright © 2023 IPFS Corporation. All rights reserved. 02/11/26