You will not need to make many changes to the insurance cards, but occasionally you may need to add, change or remove policies.
You can change the number of an insurance policy by entering a new number and confirming the subsequent message. The change can take some time, because the program must check all the windows in which the insurance number appears, and then replace the number on all the relevant entries.
When you receive the annual renewal notice, you must update the Annual Premium field on the insurance card manually if you want it updated. This field is purely for information.
When you receive information about changes in the coverage amount, you should change it on the insurance card in order to make sure that you analyze insurance policy coverage correctly.
Insurance Information Setup
Linking Fixed Assets to Insurance Policies
Modifying Insurance Cards
Deleting Insurance Cards
Correcting Insurance Coverage Entries