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?
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
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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!
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- claim payments can be slowed by out-of-date lender clauses.
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