Probably a better L/R than regular Homeowners, but the retention rate may be in the toilet because these people are not very loyal and will fall for a line to save $10 per year.
Perhaps they read the recent article in Property Casualty 360 that 70% of all Millennials who rent do not buy Renters Insurance. They don’t see the risk or the need. Good luck to them to make a living in this business selling policies for $150 each. I hope Millennials will take advantage of it.
By the way, Independent Agents can quote and bind online as well and can make the experience easy for anyone to buy for their protection needs.
do the carrier or carriers you write with offer reimbursement only at actual cash value or also at replacement cost? what percentage of your clients do you think have ACV policies?
Wonder what his LR and retention rate will be in a few years in this line of business
Probably a better L/R than regular Homeowners, but the retention rate may be in the toilet because these people are not very loyal and will fall for a line to save $10 per year.
Very Simple line of coverage which should be sold on internet. What is average premium $300 (if you can keep it for more than 6 months).
Perhaps they read the recent article in Property Casualty 360 that 70% of all Millennials who rent do not buy Renters Insurance. They don’t see the risk or the need. Good luck to them to make a living in this business selling policies for $150 each. I hope Millennials will take advantage of it.
By the way, Independent Agents can quote and bind online as well and can make the experience easy for anyone to buy for their protection needs.
do the carrier or carriers you write with offer reimbursement only at actual cash value or also at replacement cost? what percentage of your clients do you think have ACV policies?
Looking a trusted insurance companies in omaha ne is one way to make your life happy.