Rework endorsement in SDW

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Aug 6th, 2022

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How to rework endorsement in SDW

4.8 out of 5

39 votes

whatamp;#39;s up guys kevin wagstaff here i want to ask you a simple question today and that is how many of your agents know about the repair request builder i asked that question because mike and i spoke to a realtor friend of ours the other day and asked them how their experience has been with using an inspector that uses spector and we asked him about the repair request builder and he kind of gave us a look like i didnamp;#39;t know i could use that or i didnamp;#39;t know what that was and so that got us thinking how many agents actually know about it and know how it can help them iamp;#39;m willing to bet itamp;#39;s less than you think so iamp;#39;m going to show you guys an easy way to expose them to it through your automated emails and also thinking of other creative ways you can get this in front of your agents all right so the first thing iamp;#39;m going to recommend is you guys go into your automation you edit the email that goes to your agents when you book an inspe

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What does rip mean in insurance?

Registered Insurance Professional (RIP)

What is additional insured vendors endorsement?

Vendors coverage is additional insured coverage, usually under a manufacturers general liability policy, for specified vendors with respect to their distribution or sale of the manufacturers products designated in the schedule on the endorsement.

What is the rip and tear clause?

Covers the cost of tearing out a contractors bad work due to defects that make its inclusion in the project unsafe. The primary markets for rip and tear coverages are concrete and masonry contractors.

What is considered an additional insured?

In an insurance policy, an additional insured refers to anyone other than the policyholder who is covered by an insurance policy. Coverage might be limited to a single event or it could last for the policys lifetime.

Why would someone want to be listed as an additional insured?

The purpose of additional insured endorsements is to keep the burden of risk closest to those parties most likely to create losses, which typically is third parties contracted to perform the work.

What are examples of additional insured endorsements?

For example, say you use a contractor on a project who causes an accident that leads to you being sued. If youre an additional insured on the contractors policy, you can make a claim to pay for the damages and legal fees, rather than relying on your own insurance.

What is rework insurance?

Contractors rework coverage insures the cost of tearing out a contractors work when defects in the work make its inclusion in the project unsafe, as well as the cost of replacing the defective work.

What is the difference between additional insured endorsement and certificate holder?

Like an Additional Insured, a certificate holder is a third party that may be named on your COI. Unlike an Additional Insured, however, a certificate holder has no protection or coverage under the policy. Therefore, a certificate holder cannot file a claim under the policy.

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