Jeannie I agree with you but believe LL has a good point. From only my own experience, most people who shop by price or just look you up in the yellow pages are looking for the lowest coverage/lowest premiums. Fine, however, they also tend to be the people that cause the most work (whether it be with requests for AI\’s/payment issues/not returning apps/questionaires/etc). It\’s hard sometimes to justify the work with the payout.
MOst agents are full of crap. I have an umbrella policy I bought from an agent. I wanted another one for my wife though. The agent would not sell me anoterh one though! He said one was enough. So I showed him I dont need an agent.
I knew I was under insured, so I bought the other one from GEICO and they sold it to me no problem. Then when I asked for yet another one for my son, Geico, told me to go online. What a joke!!
Educated Insurance Shopper, I\’m confused. Umbrellas are excess insurance over your primary…let\’s take the Auto for example. Are your vehicles registered the same? Because if your vehicles are all on one policy and you have your wife on the policy, she would be covered under the Umbrella as well…correct? Maybe I\’m misreading this…
Can you give an example where you would need two umbrellas for you and your wife (your son is an exception, I can see where he wouldn\’t be on the same policy). Thanks
C\’Mon do you really need Educated Shopper to give you more examples. From reading his response regarding Umbrellas you know the they themselves do not understand what the Umbrellas are for. Geico I am sure would sell you as many as you would like. It\’s about the money to them. Instead of trying to get more information from Educated Shopper they will see our comments and seek to truly educated themselves.
Trust me after what happened at VT the other day everyone should buy each of their children an umbrella policy, from Geico or where ever – ITs more important than ever – I dont need an agent to tell me that!
I think we are back to missing the point. Agents are a signficant part of the past and current distribution of personal lines insurance products. And, agents with an established book of business (LL)can continue to sustain their agencies through referals. The point is about the future, and, I guess in that sense this is a more relevant topic to new agents that are just starting out and want to grow a book of business from scratch. They will have to compete for customers online. And, the only way to do that is to depend on your carriers (good luck) or to buy leads from the lead aggregators.
The generation that is upon us now (18+ years old) are very computer literate and like buying online and want instant gratification. That is why GEICO and Progressive online are doing what they are doing. This generation will get their rocks off by buying an auto policy online, but as they mature and gather wealth, they will realize they are uneducated about insurance and seek the help of an agent. Educated Insruance Shopper is pointing this out to you all by buying 2 umbrella policies online after his initial purchase of a policy from an agent.
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Jeannie I agree with you but believe LL has a good point. From only my own experience, most people who shop by price or just look you up in the yellow pages are looking for the lowest coverage/lowest premiums. Fine, however, they also tend to be the people that cause the most work (whether it be with requests for AI\’s/payment issues/not returning apps/questionaires/etc). It\’s hard sometimes to justify the work with the payout.
MOst agents are full of crap. I have an umbrella policy I bought from an agent. I wanted another one for my wife though. The agent would not sell me anoterh one though! He said one was enough. So I showed him I dont need an agent.
I knew I was under insured, so I bought the other one from GEICO and they sold it to me no problem. Then when I asked for yet another one for my son, Geico, told me to go online. What a joke!!
You people are all underinsured.
Educated Insurance Shopper, I\’m confused. Umbrellas are excess insurance over your primary…let\’s take the Auto for example. Are your vehicles registered the same? Because if your vehicles are all on one policy and you have your wife on the policy, she would be covered under the Umbrella as well…correct? Maybe I\’m misreading this…
Can you give an example where you would need two umbrellas for you and your wife (your son is an exception, I can see where he wouldn\’t be on the same policy). Thanks
C\’Mon do you really need Educated Shopper to give you more examples. From reading his response regarding Umbrellas you know the they themselves do not understand what the Umbrellas are for. Geico I am sure would sell you as many as you would like. It\’s about the money to them. Instead of trying to get more information from Educated Shopper they will see our comments and seek to truly educated themselves.
Very True, very true…money grabbing $%#@!
Trust me after what happened at VT the other day everyone should buy each of their children an umbrella policy, from Geico or where ever – ITs more important than ever – I dont need an agent to tell me that!
I think we are back to missing the point. Agents are a signficant part of the past and current distribution of personal lines insurance products. And, agents with an established book of business (LL)can continue to sustain their agencies through referals. The point is about the future, and, I guess in that sense this is a more relevant topic to new agents that are just starting out and want to grow a book of business from scratch. They will have to compete for customers online. And, the only way to do that is to depend on your carriers (good luck) or to buy leads from the lead aggregators.
The generation that is upon us now (18+ years old) are very computer literate and like buying online and want instant gratification. That is why GEICO and Progressive online are doing what they are doing. This generation will get their rocks off by buying an auto policy online, but as they mature and gather wealth, they will realize they are uneducated about insurance and seek the help of an agent. Educated Insruance Shopper is pointing this out to you all by buying 2 umbrella policies online after his initial purchase of a policy from an agent.
I\’ve rec\’d the full report from comScore -one slide in particular breaks down buying attitudes by age.
When asked \”Would you buy a policy online?\” There is little difference between the
Oops, the full comment I submitted didn\’t get posted. I\’ll try to find time to do it again later.