WesMantooth
New Member
- 3
Hi guys,
New to the forums and newly licensed property and casualty insurance agent. At the moment, my main gig is selling residential real estate. I decided to get into P&C as it is a very natural transition for me, and I don't want to spend the rest of my life hunting for every meal. I have made my decision on the independent broker I am going to hang my license with, as he has a total of 14 CSR's to handle all of the back end work for me, so that I can focus primarily on selling.
The broker has offered me two options, 50% first year commission with 30% on renewals, or 45%/35% respectively. It seems like a no brainer to me to go with the higher renewals, but if people are shopping carriers every year, then it would be counterproductive. I was hoping some seasoned agents could provide insight to me on how long they maintain most of their policies? I'm sure it varies from property to property, but if the average is 3+ years, it would be stupid not to go with the higher renewal percentage. Thanks in advance!
New to the forums and newly licensed property and casualty insurance agent. At the moment, my main gig is selling residential real estate. I decided to get into P&C as it is a very natural transition for me, and I don't want to spend the rest of my life hunting for every meal. I have made my decision on the independent broker I am going to hang my license with, as he has a total of 14 CSR's to handle all of the back end work for me, so that I can focus primarily on selling.
The broker has offered me two options, 50% first year commission with 30% on renewals, or 45%/35% respectively. It seems like a no brainer to me to go with the higher renewals, but if people are shopping carriers every year, then it would be counterproductive. I was hoping some seasoned agents could provide insight to me on how long they maintain most of their policies? I'm sure it varies from property to property, but if the average is 3+ years, it would be stupid not to go with the higher renewal percentage. Thanks in advance!