Cinch Relocation Company Procedures
Cinch
Relocation Company Procedures
This
topic provides an overview of the procedures to follow when a relocation
company takes over a listing that has an Cinch warranty on it.
Scenario
1: A SHW is in place on a property that is listed with a real estate
broker/agent. A relocation company takes over the listing and wants to
keep the warranty.
· We will
change the name on the contract to the relocation company and issue a new
confirmation invoice. Also verify that the email address, phone number
and other contact information has been updated accordingly.
· If the
original contract holder was on a private label program, switch the product to
the generic warranty for that market or to National One.
Scenario
2: A SHW is in place on a property that is listed with a real estate
broker/agent. A relocation company takes over the listing and does not
want to offer our warranty any longer.
·
We will cancel the warranty. If there have been any claims,
we will charge the lesser of the claim amount or the price of the warranty to
the relocation company (the party wanting to cancel the warranty). In
taking over the listing, the relocation company assumes responsibility for any
commitments relating to the listing.
Scenario
3: A BDW is in place on a property that is listed with a real estate
broker/agent. A relocation company takes over the listing.
·
We will cancel the existing warranty and refund the contract
holder the prorated amount. Then we will enroll a new SHW in the name of
the relocation company.
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