Transcript NIA Personal Lines - Networked Insurance Agents

Networked Insurance
Personal Lines
(All states, excluding CA & TX)
Networked gives you the tools you need to make
your Personal Lines business grow!
May 2007
Networked Insurance Agents
Copyright 2007
Personal Lines Management
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Scott Smith
530-274-6981
Personal Lines Manager
[email protected]
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Gina Bajone
530-274-6923
Personal Lines Senior Underwriter/Team Leader
[email protected]
May 2007
Networked Insurance Agents
Copyright 2007
Personal Lines Underwriters
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Jeanine Haring
(530) 477-3938
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Ashley Hearing
(530) 477-3905
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Erin Cummings
(530) 274-6932
May 2007
Handles: CA only (Back up on out of state)
[email protected]
Handles: TSVPs Marcia Ruddick and Larry Bynum
[email protected]
Handles: TSVP Chris Decolati
[email protected]
Networked Insurance Agents
Copyright 2007
Personal Lines CSR’s
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Trista Dutcher
(530) 274-6915
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Lisa Lines
(530) 274-6970
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Jackie Atkinson
(530) 274-6985
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Allison Coulston
(530) 274-6909
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Amber Stone
(530) 274-6978
May 2007
Handles: Marcia Ruddick
[email protected]
Handles: CA only (Back up for other states)
[email protected]
Handles: Will Staffhorst
[email protected]
Handles: Patti Leonard and Larry Bynum
[email protected]
Handles: TSVP Chris Decolati
[email protected]
Networked Insurance Agents
Copyright 2007
Personal Lines Tech’s
Michelle Daily
Handles all pre-approval CLUE, MVR and mapping requests
(530) 477-3965
[email protected]
May 2007
Networked Insurance Agents
Copyright 2007
NETWORKED MARKETS
We give you access to name brand, customer recognized,
competitively priced Carriers!
Property
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Chubb
Encompass
Met Life
Hartford
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Travelers
Fireman’s Fund
Safeco
AIG Private Client*
*Requires package
May 2007
Networked Insurance Agents
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What can these Carriers do for you?
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Do your clients need a quality/competitively priced HO3, HO4, HO6?
 Networked recommends:
 Travelers
 Encompass
 Hartford
 Met Life
Do you have a “High End” home you need to place?
 Networked recommends:
 Chubb
 Fireman’s Fund
 AIG
Stand alone DP3’s?
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Networked recommends:
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May 2007
Safeco
Networked Insurance Agents
Copyright 2007
How About Auto?
Once again, Networked has access to Name Brand customer
recognized, competitively priced Carriers
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Encompass
Hartford
Travelers
Chubb*
Fireman’s Fund
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Minimum pref. limits 50/100/50,000
* Need supporting home
May 2007
Networked Insurance Agents
Copyright 2007
Safeco
Met Life
AIG*
What other tools does Networked Personal Lines have in it’s tool
box that will help me be successful?
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Mobile Home/Manufactured Home/Modular Home – Foremost
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Stand Alone Excess –RLI
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Stand Alone in Home Business – RLI
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Stand Alone Motorcycles – Foremost, Safeco
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Stand Alone Watercraft – Travelers, Chubb, Foremost, Safeco
May 2007
Networked Insurance Agents
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So, tell me more…
…I Like what I see!
May 2007
Networked Insurance Agents
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Chubb
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Specializing in HV Property $400,000+. (Depending upon state and location,
may go down as low as $300,000) .With primary home will also consider
Auto, Dwelling Fire, Watercraft & Excess
Expert home appraisals and loss control evaluation upon issuing of the
Homeowners policies.
Deductible waived in the event of a loss exceeding $50,000
Customers enjoy superior claims service with maximum control over how,
when, where and by whom property is replaced or repaired.
200% Extended Replacement Cost
All risk on contents when written in the Deluxe program
May 2007
Networked Insurance Agents
Copyright 2007
Encompass Insurance Co
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Package Policies preferred
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A Package consists of the Auto & Primary Home (Homeowners, Condo Owners
or Renters)
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Package policies can also include Boat, Dwelling Fire, Motorcycle, Recreational
Vehicles, Motor Homes and Excess Liability
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All lines of business on one policy, one bill, one deductible, one installment fee.
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Offers three levels of coverage: Special, Deluxe & Elite.
Aggregate Property Limits.
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Will entertain family risks including youthful operators. **Lower commission paid
on the vehicle the youthful is assigned to.
Credit for existing insurance.
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Package discount is 12% off the home and 15% off the auto
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Networked Insurance Agents
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Encompass Sales Tips
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Credit for existing insurance – Write the home or auto with current
effective date and the remaining line with a future effective date (must be
submitted at the same time).
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Underwriting is once and done: The package is underwritten at the
time it is submitted and not again when the second policy is effective.
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Gaps are covered: If the client has a claim that exceeds their primary
policy prior to the Encompass policy taking effect, Encompass will
cover the difference. (If a covered peril)
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Locked in rates: If the rates change before the second policy is
effective the insured will continue to get the rate that was quoted.
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Package discount is applied.
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Networked Insurance Agents
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Fireman’s Fund
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Specializing in HV Property $500,000+, Auto, Dwelling Fire,
Watercraft & Excess
No Maximum Coverage A
200% Extended Replacement Cost
Will write “ high end” stand alone Auto
Send in Fireman’s Fund Location Approval Worksheet
May 2007
Networked Insurance Agents
Copyright 2007
Hartford Insurance Company
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Currently writing Auto, HO3, HO4, HO6, Excess (with Home and auto),
and Dwelling Fire with supporting Home.
Discounts: Account Credit Auto – Figured into the quote – no percentage,
Home 10%.
Domestic Partner Discount - married rate for couples in committed
relationship or single parent with custody of children.
HO3,Sentinel, Sentinel Silver, HO5, Sentinel Gold, Sentinel Platinum – You
can choose 125% or 150% Extended Replacement Cost.
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Networked Insurance Agents
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Travelers Property & Casualty
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Currently writing HO3, HO4, HO6, Auto, COC, Dwelling Fire, Watercraft
& Excess
Subject to: CLUE, MVR’s,
Discounts: Account Credits for Auto and Home .
COC policy available. No owner builders.
May 2007
Networked Insurance Agents
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High Value and Hard to Place Personal
Lines
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HO-3
 Brush and unprotected properties
 Primary, secondary, seasonal and rentals
 Earthquake available
HO-4/6
Builders Risk
Vacant Dwellings
Personal Articles Floaters
Networked Insurance Agents
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May 2007
Networked Insurance Agents
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Pre Qualify your Risks:
Networked wants to save you time!!!
Before you take the time to complete all the forms necessary to get coverage bound
pre qualify your risk to see if it will qualify for the coverage you are requesting.
Send an email to Michelle Daily at
[email protected]
You will get a response within 6 hours
**Remember the technician can only tell you what is on the report, she does not have underwriting
authority
May 2007
Networked Insurance Agents
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How do I bind a Personal Lines Account?
VERY IMPORTANT:
Our carriers do not allow us to extend binding authority to our affiliates.
In order to expedite binding of your submission please follow these
instructions carefully.
To request binding fax or email a completed submission to Networked (please
note we treat all applications as bind requests). Please do not send
applications for pre-approval.
Within 24 hours you will receive an acknowledgement letter
May 2007
Networked Insurance Agents
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How do I bind a Personal Lines Account
Continued….
Once the underwriter reviews the account you will then receive one of the following
within 24 hours.
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A Confirmation of Coverage if the submission is complete and the risk qualifies.
**Please note coverage is not bound until you receive a confirmation of coverage
from Networked.
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An Additional Information Memo if the submission is incomplete. **Please note
Networked will not bind coverage until all information is received and the effective
date will be determined once submission is complete
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A Declination Letter if the risk is unacceptable. **Please note another carrier will be
offered if one is available
May 2007
Networked Insurance Agents
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How to complete an Auto submission:
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Completed Accord Auto Application
Prior Dec Page –
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Copy of Agent’s Quote
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Supplemental Forms/Items
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Signed UM Form – May be carrier specific
Proof for a not-at-fault accident (i.e. Police Report or letter of experience)
Company Specific Supplemental
Signed Driver’s Exclusion
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Networked Insurance Agents
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How to complete a Home submission:
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Completed Acord Application
Replacement Cost Estimator
Agents Copy of the quote
Supplemental Forms:
 Older Home Questionnaire – Company Specific
 Wood Stove Questionnaire – Company Specific
 Photos (if applicable)
May 2007
Networked Insurance Agents
Copyright 2007
Do you have difficulty placing
rural homeowners?
High value dwellings
 Protection class 9 or 10
 Large 4-legged pets
 Animals boarded on premises
 Too many acres for personal lines
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Contact our Agribusiness Unit who can place these accounts with mainstream
markets and broad homeowners coverage forms.
[email protected]
or call
David Lundy (530) 274-6952 or Rebecca Donahue (530) 274-6951
Escrow Closes
Networked understands the urgency of escrow closes. We have implemented the
following for your convenience:
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Fax in a complete submission noting on the cover page that this is an escrow
close. If you have scanning capabilities you can email the submission directly
to the underwriter to help expedite the procedure.
Once faxed, contact the underwriter who will be handling the account to let
them know you have sent in an escrow close and give the clients name.
The underwriter will work that account first and contact you immediately to
advise if an EOI can be issued or if additional information is needed.
**Please note Networked does not require signatures to bind coverage for
escrow closes**
May 2007
Networked Insurance Agents
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Final Step…
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Please mail all originals and down payment to our office within 7
days of receipt of the confirmation of coverage.
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Please note since Networked holds the carrier appointment our
affiliates are unable to contact the carriers directly. For any
questions about a risk please contact your designated underwriter
May 2007
Networked Insurance Agents
Copyright 2007
THANK YOU
We appreciate your business!
May 2007
Networked Insurance Agents
Copyright 2007