39 lines
2.9 KiB
Markdown
39 lines
2.9 KiB
Markdown
# Contract with Pinnacle Insurance Co. for Homellm
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## Terms
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This contract ("Contract") is entered into as of this 1st day of January 2024 ("Effective Date") by and between Insurellm ("Provider"), a Delaware corporation with its principal place of business at 1234 Innovation Drive, San Francisco, CA 94105, and Pinnacle Insurance Co. ("Client"), a Texas corporation with its principal place of business at 4567 Protection Plaza, Houston, TX 77001.
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1. **License Grant**: Insurellm hereby grants the Client a non-exclusive, non-transferable license to use Homellm in accordance with the terms of this Contract.
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2. **Payment Terms**: The Client agrees to pay an initial setup fee of $15,000 and a monthly subscription fee of $10,000 for the duration of the Contract.
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3. **Term**: The initial term of this Contract shall last for a period of two (2) years from the Effective Date.
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## Renewal
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1. **Renewal Terms**: At the end of the initial term, this Contract shall automatically renew for additional one-year terms unless either party provides written notice of termination at least thirty (30) days prior to the expiration of the current term.
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2. **Adjustment of Fees**: Subscription fees may be adjusted annually based on consumer price index changes, not to exceed 5% per year.
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## Features
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1. **AI-Powered Risk Assessment**: Utilized for tailored underwriting decisions specific to individual homeowner policies.
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2. **Dynamic Pricing Model**: Monthly premiums adjusted based on real-time risk evaluations, ensuring fair pricing for Pinnacle’s customers.
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3. **Instant Claim Processing**: Claims resolved in hours rather than weeks, significantly improving customer satisfaction and operational efficiency.
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4. **Predictive Maintenance Alerts**: Alerts sent to customers advising them of potential risks unique to their property, supporting proactive maintenance.
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5. **Multi-Channel Integration**: Seamless access to customer data through existing systems in Pinnacle Insurance's infrastructure.
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6. **Customer Portal**: A user-friendly interface allowing policy management, claims submission, and coverage updates at any time.
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## Support
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1. **Technical Support**: Insurellm shall provide 24/7 technical support via an email and phone assistance for the duration of this Contract.
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2. **Training**: Insurellm will conduct an onsite training session for Client employees upon implementation, and quarterly training webinars will be made available thereafter.
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3. **Updates and Maintenance**: Insurellm will provide regular system updates and maintenance, ensuring that the software is operating at peak efficiency.
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By signing below, both parties agree to the terms set forth in this Contract for the use of the Homellm product.
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**Insurellm Authorized Signature**
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Name: Sarah Johnson
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Title: VP of Sales
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Date: ____________
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**Pinnacle Insurance Co. Authorized Signature**
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Name: Tom Anderson
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Title: Chief Operating Officer
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Date: ____________ |