FloodLines    Summer  2015
Are your clients shopping around?

NFIP April 1, 2015 increases and surcharges are causing some policyholders to jump to the conclusion that a new agent will get them a lower flood premium ...and if a client chooses to move his or her flood policy, it could also result in a transfer of his other products to the new agent! 

 

You work hard to build your insurance business, so don't risk losing it.  Be proactive with new and existing policyholders by using these effective communication strategies...

What are the top 2 E&O pitfalls to your agency?EandO

 

E&O lawsuits are more than worrisome---they can be fatal to your business.  The top 2 worst nightmares for E&O lawsuits include :

 

1.  Not offering flood coverage
to every client 
regardless
of their flood zone
  

2.  Not offering enough to cover replacement cost, including both building and contents 

 

Heavy rains are coming, no matter where you live.  Don't lose sleep worrying about clients without flood insurance.  Protect your customers by providing...

For  tips...read more

 

Wright Flood-Follow us on Facebook!Facebook

Wright Flood's Facebook page is growing...be sure to find us on Facebook and like and share our posts....below is a very interesting one you may want to check out!  

Lender clauses and loan numbers on the policy keep all the partners happy!lenders

The flood policy partners are all served best when both the lender clause and the loan number are correctly noted on the flood policy.  This is even more important as we head into flood season.  

 

An astute agent responds with good service to his clients' lender because:

  • lenders often drive a policy purchase and/or an increase in coverage amounts
  • future renewal premium payments are paid by the lender
  • claim payments can be slowed by out-of-date lender clauses.

The client relies on...

In this issue:







WRIGHT FLOOD HOLIDAY HOURS


 In observation of the July 4th Holiday, our office be closed on Friday, July 3rd, 2015.

 

April 2015 Changes to the NFIP: Watch videos

This four-part video series highlights NFIP changes:

 

 

April 2015 Overview of Premium Increases Video - Part 1

 

April 2015 Review of Surcharges Deductible and Fees Video - Part 2

 

April 2015 Newly Mapped Procedure  Video - Part 3

 

April 2015 Substantially Improved and Pre-FIRM Structures  Video - Part 4

 

 

Flood Continuing Education (CE) Credit:  Wright's Got You Covered! CEcredit


Looking for CE to meet flood training requirements?  You got it!  Wright Flood provides state certified flood insurance CE classes to agents directly or through insurance associations.


With Wright Flood's continuing education classes, you can:
  • Participate in face-to-face, classroom-based instruction
  • Access convenient live online CE training
  • Meet your state and NFIP requirements for flood training
  • Receive state specific CE credits to meet state licensing training.
For more information...

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