I personally made a call to her credit union to inform them that the insured had no insurance anymore. I started telling people who I thought were going to be trouble "by law if your policy cancels I have to place a call to your finance company or buy here pay here" this is because a lot of the cars around here have a pass code box installed, so once they hear the insurance cancels they shut the car off.
When to "Quote 'em High"
- Thread starter GXR2
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I personally made a call to her credit union to inform them that the insured had no insurance anymore. I started telling people who I thought were going to be trouble "by law if your policy cancels I have to place a call to your finance company or buy here pay here" this is because a lot of the cars around here have a pass code box installed, so once they hear the insurance cancels they shut the car off.
- 205
Aren't you putting yourself in an E&O hazard? I'm all for scaring customers, especially when they try to BS me about their household members, but I hope you never get called out by somebody who knows the law!
- 977
In that case just tell them its standard procedure that you call the finance company. It sounds official to the client, kind of like you have to, but really you're just saying that something you do.
- 205
It's not a market that I specifically go after. But if they call in and seem like they are not completely dumb, and we can hammer out an exact time, hey why not throw them with a non-standard company and make $50.
But if they seem like a straight up ***, I will indeed quote them high.
mattupthehill
Expert
- 40
Wow never heard of a pass code box. I can imagine the client yelling " I told you I was going to pay you this week, now you turned off my car. Come down here and turn it back on!"
Or better yet " I was just heading down to your office to pay you, but my car won't start"
- 1,581
WOW - So I just got a referral for a 19 year old asian kid who's going to college. Buying a 175k brand new Mercedes CASH. Wants "ra minimums" and doesn't want full coverage because he's a good driver!!!
I tell him the lowest I can do is Progresive 100/300 across the board, maxed out medical, collision & comp at $500 etc to cover my a$$ & tell him he has to pay in full to get the policy ($5,500 per 6 months.)
DUDE TAKES IT AND PAYS ON THE SPOT! WHATTTTTT! What happened to quote em high!!!!!!!!!!! Ha well whatever no way I'm getting in trouble cause I gave him solid coverage
I tell him the lowest I can do is Progresive 100/300 across the board, maxed out medical, collision & comp at $500 etc to cover my a$$ & tell him he has to pay in full to get the policy ($5,500 per 6 months.)
DUDE TAKES IT AND PAYS ON THE SPOT! WHATTTTTT! What happened to quote em high!!!!!!!!!!! Ha well whatever no way I'm getting in trouble cause I gave him solid coverage
CIServices
Expert
- 22
I'm in Hawaii and I know every state is different. My question is - What is our obligation to a prospective client. Do we have to offer some sort of quote? Or can we just send them away.
I've had many situations where tweakers (methheads) come into the office. It's my understanding that I have to offer a quote. ANY quote - so sometimes I decide to offer HJUP which is the Hawaii Joint Underwriting Plan through the state.
Curious your thoughts. Are we obligated to quote - or can we just simply turn away.
I've had many situations where tweakers (methheads) come into the office. It's my understanding that I have to offer a quote. ANY quote - so sometimes I decide to offer HJUP which is the Hawaii Joint Underwriting Plan through the state.
Curious your thoughts. Are we obligated to quote - or can we just simply turn away.
- 390
No shoes,
No shirt,
No service
Insurance is legal discrimination.
We call it underwriting.
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