CR in STL
Expert
- 61
Anyone aware of a company that appraises a book of business?
Appraising a Book of Business
- Thread starter CR in STL
- Start date
- 108
If you are serious. I know someone that is currently buying books of business. He's just a small agency of 3 but accounts for much in Norcal.
- 11,995
You should talk to some other agents in that area. The value of a book can vary a lot depending on things that only they would know. A good rule of thumb would be 1.5 to 3 times the annual renewals.
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Depending on the type of business, that can be VERY generous.
Med supp biz might capture upwards of 3x, or some P&C lines but under 65 health lines will be lucky to get 1.5x.
There are companies that will buy a book of renewals. They might have an idea. If you find an agency willing to sell, tell them to get an appraisal by one of these companies. I can't think of the names of these companies right now, but they advertise in trade magazines. You can also try a Google search.
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