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PRODUCER NEWS

NYPIUA WEBSITE
(WWW.NYPIUA.COM)

Beginning 1/1/03 you may submit new business applications in addition to endorsement and cancellation requests via the Web. You can also make balance due inquiries, verify cash payments made during the past 60 days, and make deposit and balance due payments using a checking account on the Web. 

If you want to view or print your client's NYPIUA policy online, you will need a NYPIUA  Internet Access ID. If you don't have an ID number, click the "To View Your Policy" icon from the home page, and follow the instructions.

  PRODUCER EMERGENCY NOTIFICATION SYSTEM     

The events of September 11 caused NYPIUA to reflect on its methods for contacting producers in the event of an emergency.

If you would like to be added to our producer emergency list for important news in the event of a crisis, please e-mail us at:   Fairplan@nypiua.com.
Include the company name, contact name, contact address, telephone number, fax number, and e-mail address. 

CHANGE IN LIMITS FOR DWELLINGS APPROVED

The State of New York Insurance Department approved NYPIUA's filing to modify the schedule of limits delineated in the Plan of Operation.

Since last amended, the amount of dwelling coverage available upon application has been $300,000. After loss control inspection and the elimination of any hazards, the amount available could be increased to $500,000.

Requests for coverage above that amount up to the statutory limit of $1,500,000 were subject to approval by NYPIUA's Underwriting Committee. Requests for coverage for household and personal property were limited to $100,000.

Effective January 1, 2003 requests for dwelling coverage up to $500,000 will be processed for insurable property without the need to wait for the completion of an inspection. Coverage for household and personal property can be written up to a limit of $250,000.

Remember, combined amounts of coverage for rental value and for building cannot exceed the new limit of $500,000. Combined coverage for Additional Living Expense along with coverage for household and personal property cannot exceed $250,000. Coverage limits for insurable vacant dwellings not under renovation or construction will remain at $50,000.

Requests for coverage above $500,000 continue to be subject to approval by the Underwriting Committee. 

 PROVIDING TOP QUALITY SERVICE TO YOU

NYPIUA has updated its phone system menu to make it easier for callers to obtain needed information. We have simplified the options and added  automated information concerning the most frequently asked questions including NYPIUA's application by fax procedure, the requirements for obtaining a binder for a closing, and how producers can obtain a NYPIUA Internet Access ID to view and print their policyholder's declaration pages on the Web. 

If you have a suggestion, comment or idea call:  (212) 208-9700 press 7,  then 3 (customer service), or write to us at: Producer News, New York Property Insurance Underwriting Association, 100 William St, 4th Floor, New York, NY 10038. You can also contact us using the Internet at: www.nypiua.com or you can e-mail us at:  Fairplan@nypiua.com.

                  NEW BUSINESS APPLICATION
                       SUBMISSION BY FAX

You now have the option of submitting new business applications to NYPIUA via fax  24-hours a day, seven days a week. With NYPIUA's  APPLICATION SUBMISSION BY FAX procedure, properties meeting NYPIUA's eligibility criteria can receive "next day binding". Additional benefits are no mailing costs or the possibility of applications being delayed or "lost in the mail".

Just follow these three simple steps:

Step 1. Call (212) 208-9703. Use option 4 to make an electronic
deposit using a checking account. Have the account
information (bank routing number and account number as
found on the check), a pen, and the application readily
available. Follow the prompts. On completion, you will be 
given an application number and a deposit confirmation number.

Step 2.  Write both of those numbers CLEARLY in the upper left
hand section of the application.

Step 3. Fax the completed application to (212) 208-9808.
REMEMBER, keep the original application for future
reference. This telephone number is to be used for
faxed applications and their accompanying forms and correspondence. Use of this number for any other purpose
will delay document processing.  

NYPIUA INNOVATIONS

Balance Due Payments by Phone. To pay your balance by phone using a touch-tone phone, call (212) 208-9703. Use option 1. For best results, do not use a cordless phone. You will be asked to enter the 10-digit policy number (disregard the two-digit suffix at the end after the dash). Choose a payment option (installment or payment in full). You will then be asked for the bank routing number and account information found on the bottom left side of your check. The routing number is nine digits long and must begin with 01 through 12, or 21 through 32. The second set of numbers is the account number. The bank number and account number may be reversed on commercial checks. Disregard the check number which may appear before the routing number or after the account number. Your checking account will be debited for the amount of the payment option selected. 

Two Tier Anti-Arson Submission. This system was designed for those who are required to submit an anti-arson application annually. If valuation is the same as the prior year,  and the answers to questions 1 through 12 of the underwriting section are "no", you can use this service. Call us at (212) 208-9703. Use option 3. Listen to the introductory message and follow the prompts. 

   

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