Questions about the industry

[fed up]

If I have learned anything about this business from Underwriter returns it is that "I" have not done my job/interview well with the client. "I" did not ask the questions properly. "I" rushed the application in an effort to get paid. I forgot to get the contact information for MIB results. It was never THEM, they were doing their job and were just as exasperated that I did not do mine correctly. When I learned to do my job correctly I did not get turnbacks.
You get mortgage referrals once you prove that you are in this for the right reason which is NOT to make a paycheck. It is to deliver a proper policy for the customer and have information on why your policy is in the best interest of the lender and the customer. Sometimes you get a bunch of rental quotes just to see how fast you can deliver and be consistent in your coverage.
If you want a guaranteed income, become a CSR for an agency

 

[rousemark]

Maybe so. I'm sick and tired of all the agents that brag and exaggerate their numbers. They act like they're doing so well selling products or converting policies during a pandemic. It's BS. I don't think agents that post online actually make that much money doing this.

I can guarantee you that there are agents that are making thousands of dollars each week during this pandemic. You really need to move on to something else because you will never make it with your attitude.. As for underwriters, you are wrong.. They do have "quotas" They are measured on how many cases they process each week.. Plus, they are measured on their loss ratio.. How many cases did they approve that should not have been or how many cases did they decline unnecessarily. There is no such thin as a HO employee that does not have some "quota" right down to the supply department as to how many orders they fill each week. Every one has to "measure" up by some standard. Yet, when it comes to compensation, with most companies the highest paid person is an agent.

 

[fed up]

Maybe so. I'm sick and tired of all the agents that brag and exaggerate their numbers. They act like they're doing so well selling products or converting policies during a pandemic. It's BS. I don't think agents that post online actually make that much money doing this.

An agent with a $1M book of business is generally making 100K in renewals. It took that agent a few years to accumulate ebough customers to reach $1M in premium. It was earned through hard work and a belief to make a change in the world of some families. If his book is $10M he is making $1M in renewal commission. It is common but YOU have to make the phone ring and do YOUR job so that YOUR business is approved. If the $10M agent loses $1M in premium each year he is still making $900K and he is more likely to get off his butt and sell more than to sit at home and point fingers at everyone else

 

[fed up]

What are the Insurance Policies that Can Help Businesses with COVID-19 Losses?

Anyone here to answer this!

There are none and will be none until a court decides that language in the policy allows for loss or until congress and Insurance carriers agree to offer additional products to cover loss in a shutdown. That product will either be very expensive or partially covered by the government ala flood insurance