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Roundpoint Mortgage Loss Draft Department Form

Roundpoint Mortgage Loss Draft Department Form

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Instructions and help about loss draft department dom mortgage

currently value lost runs typically this is the biggest hurdle overcome in order to get a current client or a prospective client a quote for the commercial insurance policy renewal so what is a loss run a loss run is going to show that year's policy for that coverage if any claims occurred if no claims occurred it'll show zero if any claims occurred it'll definitely show the claim and the money amount incurred during that claim now what i often hear from anybody or from a client is look we didn't have any claims during that policy term well i believe you and the insurance company believes you but they need to verify it through uh a loss run it's like a credit report so the way you get a loss run is by going back to the broker that controlled the coverage during that policy term or to the insurance carrier and requesting it typically takes 24 to 48 hours to get it a lot of brokers aren't anxious to send out lost runs because that typically

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