Search found 43 matches

by gforaker
Mon Oct 03, 2011 10:36 am
Forum: Opinions
Topic: Do you purchase Damage Waiver when renting a car?
Replies: 24
Views: 26305

Re: Do you purchase Damage Waiver when renting a car?

I personally think it's not worth it. There is no benefit if you already have insurance on another vehicle, it’s just redundant because that policy will cover you. It really isn't quite that simple, though I personally agree with the decision not to buy. For example, if you have a serious accident,...
by gforaker
Tue Sep 27, 2011 12:02 pm
Forum: Opinions
Topic: Do you purchase Damage Waiver when renting a car?
Replies: 24
Views: 26305

Re: Do you purchase Damage Waiver when renting a car?

Short answer - No, it is not worth it. (That is what you asked) Long answer - It might be worth it for some situations. Your insurance policy, especially with some deluxe endorsements will cover most of the losses and some credit cards, especially Gold cards will cover most losses. The problem is th...
by gforaker
Wed Aug 24, 2011 12:22 pm
Forum: Hard-to-Place Accounts
Topic: Homeowners w/o Social Security #
Replies: 11
Views: 9165

Re: Homeowners w/o Social Security #

Lots of Foreign nationals own vacation property here in the States. They have no SS# yet certainly have the right to buy property and insure it.
by gforaker
Mon Jul 11, 2011 10:53 am
Forum: Hard-to-Place Accounts
Topic: Insuring vehicle owned by an estate
Replies: 6
Views: 4758

Re: Insuring vehicle owned by an estate

Not enough assets in the estate to pay off the loan? That is the usual solution.

Second best is to take out a new car loan in your own name to pay off the loan and have the car in your own name. All other solutions posted are workarounds and either legally lacking or will cost more for insurance.
by gforaker
Wed Jun 22, 2011 10:45 am
Forum: Hard-to-Place Accounts
Topic: Non Compete Insurance?
Replies: 7
Views: 9800

Re: Non Compete Insurance?

Repeat after me, "Lawyers are not experts in insurance".

What kind of policy would cover an intentional act? Like I said, talk to an employment lawyer.
by gforaker
Mon Jun 20, 2011 11:10 am
Forum: Hard-to-Place Accounts
Topic: Non Compete Insurance?
Replies: 7
Views: 9800

Re: Non Compete Insurance?

My understanding is that non-compete contracts are unenforceable almost everywhere. You can have non-piracy or similar contracts with penalties, but you cannot take away a person's occupation. You, or better, he, should contact a local employment law attorney.
by gforaker
Fri Jun 17, 2011 11:00 am
Forum: Opinions
Topic: Has technology helped you downsize your office?
Replies: 7
Views: 4041

Re: Has technology helped you downsize your office?

there is no hard and fast rul but the agency management experts say you should keep hardcopy files for 7 years then you can shred them as well. That is just plain wrong. The scanned copy replaces the hard copy, is not in addition to it. Keep the scanned original until you are sure the scanned data ...
by gforaker
Thu May 19, 2011 11:13 am
Forum: Opinions
Topic: Agency Management System
Replies: 242
Views: 1291548

Re: Agency Management System

Scott, I'll go out on a limb here and give you a straight opinion. After all, what else is this forum for? :roll: Since you will have 50 users, you will probably need a full time IT person anyway. Paying the extra money for a hosted ASP just doesn't make economic sense for you. Your in house IT pers...
by gforaker
Thu Apr 21, 2011 11:09 am
Forum: Opinions
Topic: QQ Evolution/Solution Management System?
Replies: 11
Views: 12648

Re: QQ Evolution/Solution Management System?

You bought a management system only a few months ago and now want to buy another? Maybe it was a bad decision, but changing again before you even learn the system and give it a chance is just stupid. You didn't know the price 6 months ago? Why not use the accounting? Even if you are mainly direct bi...
by gforaker
Thu Apr 21, 2011 10:56 am
Forum: Opinions
Topic: Should friend buy an AllState Agency? - Help!
Replies: 8
Views: 66568

Re: Should friend buy an AllState Agency? - Help!

Really? According to a friend who is an Allstate agent, they are very restricted in who they can sell their agency to. Of all the Allstate agents in the area, only 2 are permitted to buy others. His son worked for him as a sub-agent and he could not sell to his own son. Your friend needs to first ta...
by gforaker
Thu Apr 14, 2011 11:04 am
Forum: Opinions
Topic: Agency Management System
Replies: 242
Views: 1291548

Re: Agency Management System

No, far more Sagitta owners are migrating over to Applied. Several of the largest agency groups in the country have purchased Epic and are converting over. Epic is doing just fine and is a fully functioning product. You really need to contact your area representative to take a new look. There will b...
by gforaker
Fri Mar 25, 2011 12:12 pm
Forum: Opinions
Topic: Agency Appointment/ Agent Certification
Replies: 4
Views: 2950

Re: Agency Appointment/ Agent Certification

Probably much easier for you to get your agent's license and then negotiate with an agency with a contract with the placing company to pay you commission as a producer on the account. No need for handling your own taxes, E&O, Workers Comp.,etc. Make sure you negotiate ownership of the account.
by gforaker
Tue Nov 16, 2010 12:21 pm
Forum: Opinions
Topic: Agency Management System
Replies: 242
Views: 1291548

Re: Agency Management System

The other consideration is that Applied "support fees" are not just for support, but also for all enhancements and upgrades. They charge nothing extra for upgrades. You want to upgrade, so that is the charge. I suspect that the amount would max out at the charge to buy the software all ove...