What Is the Advanced Quote Discount?

Openly provides a discount for quotes with an effective date of eight or more days in the future. For new quotes, the system defaults the effective date to eight days from the quote creation date to apply this discount automatically to the annual premium.

Please note:

  • For a cancel rewrite, the advance quote discount cannot be transferred to the new policy.
  • If the effective date is moved forward, the discount may be removed.
  • The Advance Quote Discount will gradually reduce at subsequent renewals.

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