Plymouth Rock Moving into PA

Discussion in 'P&C Insurance Forum' started by InsuranceKnitter, Apr 24, 2017.

  1. InsuranceKnitter
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    InsuranceKnitter New Member

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    Anyone familiar with them? They're planning to move into Pennsylvania this year & we've been approached for appointment. Anyone have any experience with them they can share?
     
  2. insurance1822
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    insurance1822 Guru

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    I was approached as well. Their commissions appear to be subpar & they don't plan on rating on anything except WHERE the house is located. I don't see it as sustainable.
     
  3. 1manshow
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    1manshow Guru

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    Not normally into digging up old posts...but "sub par" commissions?

    We just looked at these guys and packaging the HO/auto puts HO commission at 25-32% with renewals 15-20% and auto at 13/12. That seems to be "on par" with our other regionals. Just not sure how they'll stack up on the competitive position.
     
  4. DigitalAgency
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    DigitalAgency New Member

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    Does Plymouth Rock target only standard policy holders or do they have a decent nonstandard product as well?
     
  5. insurance1822
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    When I was approached, they said their commissions were nowhere near that? Are you writing with them? How are they?
     
  6. 1manshow
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    Just getting started...those numbers are straight form the contract

    auto isn't rolling out in pa until october
     
  7. InsuranceKnitter
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    InsuranceKnitter New Member

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    Can confirm commission rates; they place each risk into a "commission group" so they do range from a high of 25-32% to a low of 7-14%; they determine what commission group each risk belongs to, though.
    Their system is slick & extremely easy to use (basing this on HO only as Auto hasn't rolled out in PA yet); competitiveness is hit or miss so far. Haven't written anything yet but it's still very new.
     
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