The Latest News from Westfield Personal Lines

Policy renewals converting to new replacement cost tool

Last November, our new replacement cost calculator went live. Beginning with renewals generating March 31, we are excited to announce that policies will convert to the new tool at their renewal date. To see the new valuation, go to AWP, access the Stand-Alone Tool, and search for the policy. You will be able to make any adjustments and attach to the policy. 

How does this benefit you?

• Accurate Replacement Cost: We want to make sure your customers have the appropriate coverage they need.
• Automated process: No change is needed by you, policies will convert to the new tool seamlessly.

What you can expect

• Most renewal business impacted except most high value and homes with prior home inspection.
• Updated calculations, with changes to existing replacement cost inputs leveraging property prefill.
• No decrease to existing Coverage A and any increases will be capped at 15% annually.
• If you would like to review the new calculation, it will be available on the Stand-Alone tool once the policy renewal has generated. Any adjustments can be submitted to the UBC.

Coming soon: Replacement Cost endorsement capabilities are expected to be available in Q2.

New Business Submission Requirement Change

Beginning in March, Personal Lines will now require customer emails on all New Business submissions. As we communicated last year, we have been reaching out directly to customers for a while now about messages regarding policy and product updates (i.e. CAT mailings and Ting).

For questions on these updates, please reach out to your PL underwriter.