Coverage Verifier Summary Report

The Coverage Verifier Summary Report includes basic coverage history information.

 

The Coverage Verifier Summary Report provides summary-level information for each policy found. Information includes:

Policy Number

The policy number of each policy found in the search.

Reporting Carrier

The name of the insurance company that reported the policy to the Coverage Verifier database.

Policy Holder

The named insured on the policy.

Inception Date

The date when the carrier first issued the policy to the policyholder as new business. The report also shows the difference between the inception date and the report order date in years and months.

Status

For each policy, the status can be:

INFORCE — policy is active, and coverage is in force

EXPIRED — policy lapsed

CANCELLED — the insurer or the policyholder cancelled the policy

Reason for Cancellation

If applicable, the reason for the cancellation.

# Cancels

The number of policy cancellations reported by the reporting carrier over the life of the policy.

# Renewals

The number of policy renewals reported by the reporting carrier over the life of the policy.

Reported As Of

The date of the last report submitted by the reporting carrier.

Term Eff Date

The begin date for the most recent policy period.

Term Exp Date

The end date for the most recent policy period.

 

  The Coverage Verifier database collects and retains up to 7 years (84 months) of history. Your company — not individual users — chooses how much of that history the Coverage Verifier Report will display according to your own requirements. The number of months displayed in your reports is called the lookback period, and it applies to all reports ordered by users from your company. The lookback period can range from 6 months to 84 months.