Three Reasons Why You Should Use Declination Forms
A coverage declination form is a document that agencies should use as part of their workflow process for situations when a client declines coverage. The client signs the form to acknowledge that they reviewed the coverage with their agent and that they are declining to purchase coverage.While it may seem like just another piece of paperwork, the truth is that a coverage declination form can play a crucial role in protecting an insurance agency. Here are three reasons why your agency should use declination forms and make them part of your procedure manual:1. Legal ProtectionWhen a client refuses a certain type of coverage, having a…