In today’s insurance landscape, it’s easier than ever to get a quote—but not all quotes are created equal.
A quality insurance agency understands that:
- Not every carrier fits every business
- Underwriting approval matters, and following underwriting guidelines is a must (not a suggestion)
- Appetite, class codes, and risk profile must align – the data needs to be real and honest so that we make sure the coverages will be in place should a claim happen.
- Binding (starting) without proper review can create serious exposure issues for clients.
Our job is to protect our clients from surprises after the policy starts.
Price IS important in insurance but beware of looking at the bottom number first. The most expensive policy can be the cheapest come claim time and when you realize you don’t have the needed coverages when a claim happens. Coverage considerations need to be the primary conversation.
We know, it is a hard conversation to have when insurance has been so commoditized, and we also know that insurance prices have seen large increases over the last few years. When we are first sharing insurance proposals, often times clients want to look at the bottom line number, but let me share that when a claim happens, the first question will be – what is my coverage. As insurance professionals, we want to come along side you come claims time and bring you back whole…not tell you that your cheap insurance excluded coverages you needed to save a few dollars.
Quality coverage, with a quality agency matters.