Reducing Endorsement

Process a mid-term change that lowers premium. Covers importing or entering the reduction, reviewing Ascend's calculated return, and how that return reaches the insured on a paid-in-full versus a financed policy.

What's covered

• Starting from Actions and selecting the policy

• Importing a reducing endorsement invoice, or entering the details manually

• Total reduction, effective date, and the endorsement reason

• Reviewing Ascend's calculated return before confirming

• Refund versus credit, depending on how the policy was paid

• Why nothing moves until the carrier returns the money