FinanceConnect | Application - Insurance Underwriting

Introduction

The Insurance Underwriting tab is where you enter in the customers insurance details for the application, such as the purpose of the vehicle and current insurer details (if applicable). You are also required to add entries into the Driving History boxes to meet your compliance obligations.

Please Note - You may still need to process an Insurance product application separate to this application. Depending on your dealerships chosen MVI, they may already have an integration with the our Finance product. Please speak to your Dealer Development Manager to learn more about your integrations.

Instructions

Underwriting Details

Predominant Usage: Whether Consumer or Commercial, what the customer type purpose of the vehicle will be used for

Level of Cover Required: Whether Market or Agreed, what the insurance cover required will be

Youngest Driver DOB: using the XX/XX/XXXX format, what the youngest drivers age is that will be covered under the policy

Secured Finance, Hire Car, No Claim Bonus # Protected, Windscreen Cover: These checkboxes are the optional extras a customer may consider to have under their policy

Additional Excess: What is the dollar value the customer agrees to pay in the event of a claim

Other: Any other information required for the insurance application

Where the vehicle is kept: Using the drop-down, select the relevant option where the vehicle will be located at the primary residence

Current No Claim Bonus #: The reference applied to the No Claim Bonus of the customers current insurer

Years held No Claim Bonus #: How many years has the customer held their no claim bonus

Current Insurer: What is the name of the customers current insurance provider i.e. Allianz, Suncorp etc.

Years Licence Obtained: How many years has the customer held an active drivers licence for

Driving History

Any at Fault claims in the last five years: If there are any at fault claims the customer has made in the last 5 years, please list the dates and details of the claim in this box.

Any not at Fault claims in the last five years: If there are any not at fault claims the customer has made in the last 5 years, please list the dates and details of the claim in this box.

Any loss of licence in the last five years (include reason): If there are any losses of licence the customer has had in the last 5 years, please list the to and from dates and details of the loss in this box.

Any criminal convictions in the last five years (include reason): If there are any criminal convictions the customer has had in the last 5 years, please list the dates and details in this box.