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Progressive  Insurance –  Underwriting Guidelines and Knowledge Test

Progressive Insurance

To your right is the Progressive Insurance knowledge test.  There are 15 question on the Progressive Auto, 5 Questions on the Progressive Motorcycle and 5 Questions on the Progressive Renters.  . You must get a 90% or better to pass.  Your Training Manager will receive your results and review those results with you.  Best of luck.

 

Below you’ll find all of the Progressive and Express Underwriting Guidelines.  Please study them.

28

Progressive Auto

1 / 15

With Progressive, what type of payment option allows the policy to renew automatically?

2 / 15

With Progressive, what is the fee for a declined EFT payment?

3 / 15

Whit Progressive, what is the fee for a late payment?

4 / 15

With Progressive, what is the policy for backdating?

5 / 15

With Progressive, what is the exception for reinstating without a lapse?

6 / 15

What is the name of the software used to upload documents and photos to the company?

7 / 15

With Progressive, what document is required for reinstating without a lapse if applicable?

8 / 15

What type of identification is NOT accepted for the Progressive policy application?

9 / 15

With Progressive, what type of document is required for adding potential drivers?

10 / 15

With Progressive, what types of identification are accepted for the policy application?

11 / 15

What is the duration of a Progressive policy?

12 / 15

With Progressive. what is the condition for seniors to keep their premium the same?

13 / 15

How long can an insured reinstate without a lapse with Progressive?

14 / 15

With Progressive, what documents are required to prove vehicle ownership?

15 / 15

With Progressive, how is the first installment calculated?

Your score is

30

Progressive Motorcycle

1 / 5

With Progressive, what type of coverage must be added if the client adds accessories to the motorcycle?

2 / 5

With Progressive, what type of document must the client keep in case of a claim for the accessories?

3 / 5

With Progressive, what type of document is required to prove ownership of the motorcycle?

4 / 5

What type of identification is accepted for a Progressive Motorcycle policy application?

5 / 5

With Progressive, what type of document(s) is required to apply the discount for the policy?

Your score is

11

Progressive Renters

1 / 5

How should an insurance agent submit the application to the company?

2 / 5

What type of document is required to prove the customer is leasing the space?

3 / 5

What is the minimum amount of Personal Liability coverage required by most apartment complex's?

4 / 5

In addition to submitting documents and uploading them, what additional step you must take to ensure comprehensive record-keeping?

5 / 5

What type of identification is accepted for a Progressive Renters policy application?

Your score is

Progressive – Auto Insurance Underwriting and Quoting Guidelines

 

Types of Polices and Coverages Sold:  Liability     Comp/Collision     SR-22      Non Owners       Med Pay     Uninsured/Underinsured        Car Rental Reimbursement Due to Accident    Other: Roadside/ Rideshare/ Commercial/Motorcycle/ Motor Home           

Supporting Documents Required: 

  • Identifications: Driver’s License’s, Permits, International Driver’s License’s, Matriciales
  • Proof Of Vehicle Ownership: Any document showing VIN

If applicable: Proof of Homeowner, and Proof of Prior (POP) of 6 months or more of active insurance.

Supporting Documents NOT Accepted: IDs, POP less than 6 months, Moving Permits, Expired Registration,
Car Notes, Smog Checks

 

New Policy Start Up Guidelines:

Clients must have their DL ready and Proof of vehicle ownership for Auto policies. If vehicles policy includes Comp & Collision, vehicles pictures MUST be taken.

No pre-existing damage to vehicle will be accepted for policies requiring Comp & Collision.

All vehicle drivers and Co-signers must be added as drivers on the policy.

Policy purchase can be by cash, money order, or debit/credit. If policy is purchase in office, a $25 cash only in office fee will be applied. Application signatures will be sign with Xodo Sign through via E-mail or in office.

 

Endorsement Guidelines:

All endorsements must be established by the main insured(s) of the policy. It can be done over the phone via E-mail or in office. Signatures must be obtain under XoDo Sign. If in office, a $25 cash only in office fee will be applied when adding drivers, vehicles, or SR22s. Supporting Documents are required. 

No pre-existing damage to vehicle will be accepted for policies requiring Comp & Collision.

If a Minimum Endorsement Payment Requirement is requested by Progressive, it must be paid by money order or debit/credit. Cash not accepted. 

Renewal Guidelines:

Renewals will be applied as a regular monthly payment with a debit/credit or money order. Cash not accepted. If policy is set up with EFT (Automatic Credit/Debit or, bank account), policy will renew.

$20 NSF fee will be applied if the EFT payment declines. Policy will also be in risk of a possible lapse.

Payment Guidelines:

Payment must be processed by a debit/credit or money order. Cash not accepted. If policy is set up with EFT (Automatic Credit/Debit or, bank account), payment will be drafted automatically.

$20 NSF fee will be applied if the EFT payment declines along with a $10 late fee.

Reinstatement Guidelines:

Insured can reinstate without a lapse within 30 days of eligible, with the exception of renewals

Reinstatement Without a Lapse Guidelines:

If applicable, statement of no loss must be sign as long as no accident or tickets has occur from expiration date.

Backdate Policy Guidelines:

No backdates allowed.

 

New Policy Down Payment %:

16.67% Down + 5 payments – Pay with EFT
20% Down + 5 Payments – Pay with Automatic Card
Pay in Full – 100% Down

Fee Schedule:
Monthly Installment Fee: $5.00
Late Payment Fee: $10.00  
Cancellation Fee: 10% of remaining premium for the term
Reinstatement: Insured can reinstate without a lapse within 30 days of eligible, with the exception of renewals.
EFT:  $1.00 Fee.  Available for bank account withdrawal or credit card automatic withdrawal ($20.00 NSF Fee) 

Any Other Fee: None

Agent Support Number:   (877) 776-2436                              
Agent Support Email:
upload@progressiveagent.com

EmailDocs@progressiveagent.com
“Progressive Commercial” customerservice@progressiveagent

 

 

Express Underwriting Review and Approval Procedure

 

Below is how Express Underwriting will inspect your Progressive Insurance Policies to make sure it was completed correctly and approve it for commission payment.

PROGRESSIVE AUTO

Accepts: Driver’s license, Driving Permit, Foreign, and Passport, NO USA Identifications.

Application: Email application to the company, with discount documents, advise the client if the paperless discount is been applied so they know they have to complete the enrollment, upload their Driver’s License, policy documents, and vehicle photos (If there is comprehensive and collision) in Agency Matrix, update Department of Motor Vehicle, and add notes. Add or exclude potential drivers, this is a 6-month policy, and they will charge two months in the first installment then 4, and skip one, then renewal.

No Loss: Email to the company, upload to Agency Matrix and add notes.

Renewal: Reinstated with no lapse.

Endorsements: Upload to Agency Matrix, with documents or photos if there is full coverage, update Department of Motor Vehicle, and make notes.

Underwriting: Policy will increase if our client is a senior, only if the client completes the Security Course and gets the certificate will the premium stay the same. (We need to email the Certificate to the company), and follow up.

 

PROGRESSIVE MOTORCYCLE

Accepts: Driver’s license or Permit

Application: Email the app to the company, with discount documents, upload Driver’s license or permit to Agency Matrix, upload proof of ownership, pictures of the motorcycle and accessories, if the client adds accessories, it needs to be added to the policy and the client needs to keep the receipt in case if any claim. Collision must be added if comprehensive was add.

 

PROGRESSIVE RENTERS

Accepts: Driver’s license or Permit and the lease contract.

Application: Email the application to the company, upload the Driver’s license, and lease contract to Agency Matrix, and make notes. Make sure the policy covers Personal Liability of $100,000.00 (Nevada Minimum requirement)