Jewelry Coverage

[BriteCo]

Hi fellow agents! I work for a jewelry MGA that has traditionally focused on providing point-of-sale coverage. We've brought the time from appraisal to binder down to mere minutes with a short, streamlined application process. We're exploring providing independent agents with a similar tool to place their jewelry business.

We'd like to get a pulse on what you do today for jewelry placements. What do you do today for your customer seeking jewelry coverage? What would you like to see done differently? Ultimately, if we expand into this channel, we'd like to build a tool that you'd use. Thanks in advance for your input.

 

[Derrick]

I'm guessing you usually target agencies that target HNWHs?

Make it easy and usable in every browser. One page quote form that instantly generates a nice looking, printable proposal and application I can present to the prospect with clearly defined bind requirements, like "Appraisal for item 1 needed, no more than 5 years old." Make it very easy for the prospect/insured and agent to understand.

Obviously, a claim would throw a wrench in that, as it should. Just as it should be easy to generate a nice looking proposal and application with clearly defined bind requirements when the prospect wants to go forward with you.

Oh, and make the system to upload documents easy that can be accessed right on the generated proposal page. Don't just say "E-mail XXX with Proposal/Policy# in the title." Being able to upload will also cut time having to read email, name/save images, etc. since it can be pretty much automated from the upload option.

 

[BriteCo]

Derrick,

Awesome feedback, thank you. We insure some HNW clients, but actually focus on middle market. We're imagining much of what you told us. A web based application that makes it easy to quote, present, and bind. If you're up for it, I'd love to connect over the phone to pick your brain some more.

 

[fed up]

Make it similar to Jewelers Mutual.

 

[marindependent]

Allow your quoting app to work on all the browsers.