2. Has a policy expired? Is there a gap in coverage? Are there teenage drivers in the
household? What coverages have been in force and for how long? Those are the types
of questions that can potentially raise red flags for underwriters. Coverage VerifierSM
can answer those questions and more — with the detail you need — like no other
system on the market.
Insurance underwriting is all about the quality of information — completeness,
timeliness, and accuracy. The more policy-level information you have, the better you
can rate and price risk. And with auto insurance, numerous variables go into the
underwriting decision. Coverage Verifier Underwriting Reports include many of the
key criteria that underwriters use when making decisions. The reports give you
a detailed transactional history of your applicants’ current and previous policies for
the past five years — information you need to verify coverage statements.
You’ll know when your potential insured added drivers or vehicles, had a lapse in
coverage, canceled coverage, or changed insurers. And you’ll get a look at factors
— such as policyholder age, residency and garaging addresses, and type of vehicle —
that influence whether you should underwrite the policy and, if so, how you should
set premiums.
Our comprehensive reports help you make risk selection decisions, confirm pricing
tiers and discounts, and increase productivity. And when you get our reports at the
point of sale, you’ll reduce processing time, improve customer service, and increase
sales-close ratios.
Improve your auto underwriting with the most
complete history of risk available in the industry.
The reports
The Coverage Verifier database is the
engine behind the reports. Insurers
submit data, allowing them to access
a wealth of policy-level information.
Every time you search the database,
Coverage Verifier will supply information
on all insureds listed on the policy. You’ll
get a Summary Report with associated
Coverage Lapse Detail information. And
for each listed policy, you’ll get a Detail
Report and Change History Report.
Take a closer look at the following reports
and see how they can work for you.
3. Summary Report
The Summary Report provides a quick overview of an applicant’s coverage history for the look-back
period set by the insurer ordering the report. The report includes carrier, policy status, number of
cancellations and renewals, and policy term effective and expiration dates. For each listed policy,
you get a corresponding Detail Report and Change History Report.
ORDER DATE: 03/15/2013
SEARCH CRITERIA
Name: JOHN Q. PUBLIC
Address: 565 MCCLAY ST
HARRISBURG, PA 17110
CUSTOMER ORDERING INFORMATION
Company: MULTI-STATE INDEMNITY AUTO INSURANCE CO
Order Date: 03/15/2013
Look-Back Period: 60 MONTHS
SEARCH RESULTS – POLICIES FOUND
Target Search Person
Policy Number Reporting Carrier Policyholder Inception Date
A9876543210 UNITED INDEMNITY JOHN Q. PUBLIC 03/21/2012
Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date
IN FORCE 00 00 03/22/2012 03/21/2012 03/21/2013
Policy Number Reporting Carrier Policyholder Inception Date
B1234567890 DEPENDABLE INS JOHN Q. PUBLIC 03/31/2010
Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date
CANCELED 01 01 02/26/2012 03/31/2011 03/31/2012
Policy Number Reporting Carrier Policyholder Inception Date
T6789012345 STANDARD INS JOHN Q. PUBLIC 03/31/2009
Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date
EXPIRED 03 00 04/09/2010 03/31/2009 03/31/2010
Policy Number Reporting Carrier Policyholder Inception Date
Z1234509876 PROTECTABLE INS JOHN PUBLIC 03/31/2008
Status # Cancels # Renewals Reported As Of Term Eff Date Term Exp Date
EXPIRED 02 00 04/21/2009 03/31/2008 03/31/2009
Individual searched:
In this case, “John
Q. Public”
Insurance company
ordering the report
Time span covered
by the report
(i.e., “look-back
period”): Can be
6–60 months and is
determined by the
company (not by the
individual user)
Policy status
Policy term
beginning
and end dates
Number of
cancellations
and renewals over
the policy lifetime
Inception date
of the policy for
John Q. Public
Date the policy
transaction infor-
mation is posted
to the Coverage
Verifier database
4. Coverage Lapse Detail
Coverage Lapse Detail provides a chronological history — with an exact count of days
in force and days lapsed — of each company that insured the applicant.
SEARCH RESULTS — COVERAGE LAPSE SUMMARY
ORDER DATE: 03/15/2013
Name Possible Coverage Lapse? Coverage In ForceToday?
Person 1: JOHN Q. PUBLIC Y Y
SEARCH RESULTS — COVERAGE LAPSE DETAIL
Person 1: JOHN Q. PUBLIC
Company A.M. Best # From Date To Date Cvg Days Lapse Lapse Days
UNITED INDEMNITY 068723 03/21/2012 03/21/2013 00366 Y 00025
DEPENDABLE INS 085279 03/31/2010 02/25/2012 00696 N 00000
STANDARD INS 092582 03/31/2009 03/31/2010 00365 N 00000
PROTECTABLE INS 052813 03/31/2008 03/31/2009 00366 N 00000
Convenient delivery
Coverage Verifier Underwriting Reports are available through a variety of convenient delivery
methods.You can access reports through our secure web-based platform, choosing online
reports, transactional system-to-system delivery, or batch processing.You can also choose
web-service delivery at point of sale through QuickFill®
. QuickFill is Verisk’s prefill tool that
helps complete an insurance quote quickly and easily.You can integrate QuickFill into any
of your sales channels, including agent point-of-sale applications, call centers, and online
quote systems.
The report shows a
25-day lapse in cover-
age between the end
of the Dependable
Insurance policy and
the start of the United
Indemnity policy
Number of days
“John Q. Public” is
covered under this
particular policy
“Y” indicates the
presence of one or
more coverage
lapses
The in-force period
for each policy
5. Detail Report
The Detail Report provides information about a particular policy, including the insurer;
covered drivers and vehicles; garage locations; and coverage types, limits, and deductibles.
You see exactly how each policy looked as it was last reported to the database.
CARRIER INFORMATION
Contributing Carrier Name A.M. Best # NAIC #
DEPENDABLE INS 085279 65481
POLICY INFORMATION
Policy Number Inception Date PolicyType Term Eff Date Term Exp Date Cancel Date Cancel Reason Phone
B1234567890 03/31/2010 AUTO 03/31/2011 03/31/2012 02/25/2012 NON-PAY (469) 555-1234
Policyholder Policy Status Risk Class Prem Pmt Plan Method of Pmt Policy Prem Policy Form
JOHN Q. PUBLIC CANCELED NONSTANDARD OTHER CHECK $1,925 PP 00 01
GARAGE LOCATIONS
VIN Address City State ZIP From To
1FTBF17W8X8319387 565 MCCLAY ST HARRISBURG PA 17110 01/10/2012 02/25/2012
2CTHV18R147291078 565 MCCLAY ST HARRISBURG PA 17110 03/31/2010 02/25/2012
DRIVER/RELATED SUBJECT INFORMATION
First Name Last Name Date of Birth SSN Sex Relation DL State/Number From To
JOHN PUBLIC 09/10/1954 XXX-XX-1589 M INSURED PA/P0987654321 03/31/2010 02/25/2012
JANE CITIZEN 05/28/1957 XXX-XX-9913 F SPOUSE PA/C0123456789 03/31/2010 02/25/2012
REBECCA PUBLIC 11/14/1995 XXX-XX-2810 F CHILD PA/P6789012345 03/31/2010 02/25/2012
LIENHOLDER INFORMATION
VIN Lienholder Address City State ZIP From To
1FTBF17W8X8319387 FORD MOTOR CREDIT 4309 ELM ST DEARBORN MI 52138 01/10/2012 02/25/2012
VEHICLE INFORMATION
Year Make Model Class Code VIN Bus. Use
2011 FORD F-150 811300 1FTBF17W8X8319387 N
Terr. Code A/T Device Coll Ded Comp Ded From To
01 $500 $250 01/10/2012 02/25/2012
Year Make Model Class Code VIN Bus. Use
2008 CHEV MALIBU 811103 2CTHV18R147291078 N
Terr. Code A/T Device Coll Ded Comp Ded From To
01 $500 $250 03/31/2010 02/25/2012
MAILING ADDRESS INFORMATION
Address City State ZIP From To
565 MCCLAY ST HARRISBURG PA 17110 03/31/2010 02/25/2012
LIABILITY COVERAGE INFORMATION
CoverageType Limits From To
BODILY INJURY $25,000/$50,000 03/31/2010 02/25/2012
PROPERTY DAMAGE $10,000 03/31/2010 02/25/2012
UNDERINSURED MOTORIST (BI) $25,000/$50,000 03/31/2010 02/25/2012
UNDERINSURED MOTORIST (PD) $10,000 03/31/2010 02/25/2012
*The report displays all coverages reported by the carrier, including bodily injury, medical
payments, property damage, personal injury, uninsured motorist, and underinsured motorist.
Insurance company
information
Policy canceled for
nonpayment
Types and amounts
of coverages*
Insured vehicle
information
Every line item
shows the
in-force period
(Vehicle added to
policy 1/10/12 and
continued in force
until cancellation)
Vehicle garaging
information
Policy driver
information
Vehicle lienholder
information
