?? Allstate agency opportunity
- Thread starter dtodd
- Start date
- 2,103
I have heard rumors of a lot of Allstate agencies in TX becoming "up for sale" lately, but not because of products being pulled. I think the model is to build the business up and sell it -possibly? I dunno, you guys tell me.
There does appear to be quite a few Allstate Agencies for sale. Is there any certain reason that is the case?
Agencies4sale.com
xrac, aren't you supposed to be voting or something???
I didn't know that I had anything to chose from especially in the presidential election.
For what it is worth, we had allstate for homeowners, auto and a life policy in VA, and moved to Myrtle Beach SC 6 years ago. Never had a problem, until last fall when our homeowners policy TRIPLED. No joking, talked to the agent who we knew well and he told us they are not writing anywhere near the beach for homeowners, and he knew every client would cancel on the spot. We ended up getting a broker who got us Statewide, and of course we switched our auto, etc to other carriers.
Sad thing is our old Allstate agent closed up his shop early this spring. No one took it over that I am aware of. Can't imagine losing so much clients at once due to something out of your control.
Sad thing is our old Allstate agent closed up his shop early this spring. No one took it over that I am aware of. Can't imagine losing so much clients at once due to something out of your control.
DenverINS
Expert
Allstate I believe is #2 in the country (probably written premium). Obviously if you have lots of agencies a certain percentage is gonna be going into retirement and selling. I wouldn't think much of it except in certain markets.
California's laws are all over the place with real estate, finance etc...Its a difficult market to survive. Most of the large carriers are pulling out of Florida because the hurricane risk is too much. They are trying to regulate premiums through the law to keep homeowners happy but all its doing is making the carrier unprofitable and they are pulling out.
Bottom line, I don't know 1st hand about Allstate, but if you are not in Florida or California I wouldn't worry too much.
California's laws are all over the place with real estate, finance etc...Its a difficult market to survive. Most of the large carriers are pulling out of Florida because the hurricane risk is too much. They are trying to regulate premiums through the law to keep homeowners happy but all its doing is making the carrier unprofitable and they are pulling out.
Bottom line, I don't know 1st hand about Allstate, but if you are not in Florida or California I wouldn't worry too much.
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