You should be able to get a policy the same day or the next day. Most insurance agent's have binding authority, which means that if they can get enough information and if you meet a certain set of criteria, they can say you are covered now and you are covered now, even without paperwork.
That being said, a lot can change if the agent hasn't visted the property and completed an inspection, so I always recommend giving an agent at least 1 week of notice so they have a chance to come by and look at the property condition, put together some coverage options, and meet with you to review those options as policy can vary hugely from one company to another and depending on what options you choose.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Most companies extend “binding authority” to appointed agents. You should be able to get evidence of insurance within a very short period of time. The agent then submits the application to underwriting and they have sixty days during which they can review and decline the risk. The parties to the insurance policy receive legal notice of cancellation should that occur which gives them ample time to secure coverage elsewhere.
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That being said, a lot can change if the agent hasn't visted the property and completed an inspection, so I always recommend giving an agent at least 1 week of notice so they have a chance to come by and look at the property condition, put together some coverage options, and meet with you to review those options as policy can vary hugely from one company to another and depending on what options you choose.