By default, the system sets the effective date (policy term) for each new quote as eight days from the quote creation date. To offer the most competitive rate to the customer, create quotes at least eight days before the policy term period. Note that the premium will increase if you change the effective date to within eight days of the quote creation date.
Quotes remain valid for 45 days. During quoting, the Property tab in the Portal indicates the last valid date for the quote. For issued policies, the quote expiration date is located on the Summary tab. If the effective date of an issued policy needs to be changed to a date beyond the quote expiration, a new policy must be written.
To learn more about how the effective date can impact a premium, see our article What Is the Advance Quote Discount? To change a policy's effective date before the policy term begins, see our article How Do I Change or Update a Policy's Effective Date (Policy Term)?
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