Best Way to Explain to a Dude That 20/40

[InsuranceBrah69]

On parts 3/5/12 sucks

And 100/300 is more better

 

[xrac]

On parts 3/5/12 sucks

And 100/300 is more better

Please translate to English.

 

[superfly33]

Don't know what you mean by 3/5/12 either but if the Dude won't listen then its time to find someone else. No sense in wasting your time just to sell a minimum to low limits policy on someone who does not care.

 

[Guest]

No sense in wasting your time just to sell a minimum to low limits policy on someone who does not care.

Wrong its called broker fee. It pays more than company commission sometimes.

 

[moneymaker1]

Don't worry about it. If he won't buy what you suggest, just have him sign a waiver and move on with your day. If, on the other hand this just isn't the kind of business you want to write in your agency, then just tell him that your agency minimums are 100/300 and that you don't sell anything less.

 

[xrac]

I think this thread starter is a troll and should be banned. All of his posts are garbage.

 

[nyc2phi]

Wrong its called broker fee. It pays more than company commission sometimes.

Always been curious..

Do you have to disclose to the client that a broker fee is tacked on or do you simply include it in the breakdown on the invoice.

 

[iiinycboi]

nyc2phi, i did research on this for nyc

you can charge a broker fee (reasonable amount) if the insured signed and acknowledges in writing. i just put there is a $X amt of service fee for this package please sign here if you acknowledge and agree to this service fee.

it also help deters the weirdos! i put a non refundable fee if you waste my time, if i can save you money and same coverage or better and you decline.

 

[Guest]

Always been curious..

Do you have to disclose to the client that a broker fee is tacked on or do you simply include it in the breakdown on the invoice.

Yup make them sign a broker fee disclosure form and add it to the down payment. I'm in California so its common practice here everyone knows there is a "down payment"

 

[JAM1]

I learned this the hard way. Not everyone should have high limits.
low limits keep the loss ratios in check.