Starting From Scratch

[KayInsure90]

Hi me and my real estate broker are starting an insurance Agency from scratch and I am looking for advice. I am in the process of getting my P&C license and then hope to get the LAH license for NYS. I need advice on which companies to approach that would be willing to take on a brand new agency. Any advice or help is appreciated.

 

[wfs]

If you start selling life and health first, you can save yourself all of the expense and hassle of a physical office. P&C will need the office. Frankly, I don't think P&C is worth the trouble.

 

[coachd]

How do you plan to market? I think that is the biggest thing you will need to work on and do.

 

[djs]

Ahh yes, another realtor turned insurance agent. Another real estate office thinking there is gold in the insurance business....

Sorry, I've seen this about a 100 times in the last year. For some reason, it doesn't seem to work very well when a real estate office decides to open an insurance branch. I'm curious as to why, though I have my suspicions.

I agree with coachd, you have to have a marketing plan in place, and that will then tell you what carriers to go after. Also, realize it will take a while (measured not in days, weeks or months) to establish a P&C agency that makes any real money.

Dan

 

[KayInsure90]

Ahh yes, another realtor turned insurance agent. Another real estate office thinking there is gold in the insurance business....

Sorry, I've seen this about a 100 times in the last year. For some reason, it doesn't seem to work very well when a real estate office decides to open an insurance branch. I'm curious as to why, though I have my suspicions.

I agree with coachd, you have to have a marketing plan in place, and that will then tell you what carriers to go after. Also, realize it will take a while (measured not in days, weeks or months) to establish a P&C agency that makes any real money.

Dan

I am more then aware that I'm not gonna make money right off, I'm just looking for advice not a sarcastic reply. I don't know how things work in California but I live in upstate NY and its a whole different ball game here. There are no Real Estate offices in our area that also provide insurance so this in new here. We are a small real estate office not one of those big franchises and we have a very good reputation in our community for our high ethical standards and customer service. Most all of are business is referrals but we also have a very effective marketing plan. I have been looking at SmartChoice but I'm kind of iffy about them.
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If you start selling life and health first, you can save yourself all of the expense and hassle of a physical office. P&C will need the office. Frankly, I don't think P&C is worth the trouble.

I already have an office I can use so that's not a big deal. But thanks for the advice. In your opinion where do you make more money though Life and Health or P&C?

 

[padthaiforlunch]

annuities >>life>>>>>health>>>>>>>>auto and hoe. first year commission, anyway.

 

[haugman]

Life and Health is where its at!