Transcript NIA Personal Lines - Networked Insurance Agents

Networked Insurance
Arizona Personal Lines
Networked gives you the tools you need to make your Personal Lines business
grow!
July 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]
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Patti Leonard
(480) 292-9642
Territorial Sales Vice President
[email protected]
July 2007
Networked Insurance Agents
Copyright 2007
Personal Lines Underwriters
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Erin Cummings
(530)274-6932
Underwriter – Backup
[email protected]
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Jeanine Haring
(530)477-3938
Underwriter – Backup
[email protected]
Sara Zahm
(530) 274-6927
Underwriter – Backup
[email protected]
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July 2007
Networked Insurance Agents
Copyright 2007
Personal Lines CCR’s
Allison Coulston
(530) 274-6909
Customer Care Representative - AZ Territory
[email protected]
Amber Stone
(530) 274-6978
Customer Care Representative - Backup
[email protected]
Lisa Lines
(530) 274-6970
Customer Care Representative - Backup
[email protected]
Jackie Atkinson
(530) 274-6985
Customer Care Representative - Backup
[email protected]
Trista Dutcher
(530) 274-6915
Customer Care Representative - Backup
[email protected]
July 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
 First American
 Encompass
 Hartford
 Colorado Casualty
Do you have a “High End” home you need to place?
 Networked recommends:
 Chubb
 Fireman’s Fund
 AIG Private Client
How about DP3’s?
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Networked recommends:
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July 2007
All of our carriers will write ..with the home !
Safeco, First American and Colorado Casualty will write stand alone
Networked Insurance Agents
Copyright 2007
Networked Markets
Once again, Networked has access to Name Brand
customer recognized, competitively priced Carriers
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Encompass
Hartford
Travelers
Safeco
Colorado Casualty
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Fireman’s Fund*
Chubb*
Met Life
AIG*
Minimum pref. limits 50/100/50,000
* Need supporting home
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Networked Insurance Agents
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What other tools does Networked Personal Lines have
in it’s tool box that will help me be successful?
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Stand Alone Excess –RLI
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Stand Alone in Home Business – RLI
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Stand Alone Watercraft – Travelers, Foremost, Safeco
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Manufactured Homes & Motorcycles - Foremost
July 2007
Networked Insurance Agents
Copyright 2007
So, tell me more…
…I Like what I see!
July 2007
Networked Insurance Agents
Copyright 2007
AIG Private Client
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Specializing in HV Property at $1 million+
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Require three lines to bind i.e. Home, Schedule, Umbrella
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Minimum Umbrella limit available at $5 million
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Flood coverage automatically given in the HO3 policy
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Guaranteed Replacement Cost
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Possible to do a stand alone Schedule
July 2007
Networked Insurance Agents
Copyright 2007
Chubb
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Specializing in HV Property $400,000+. With primary home will also
consider Auto, Dwelling Fire, Watercraft & Excess with supporting home
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Subject to: Brush mapping.
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Expert home appraisals and loss control evaluation upon issuing of the
Homeowners policies.
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Deductible waived in the event of a loss exceeding $50,000
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Deluxe and Standard contents offered
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200% Extended Replacement Cost
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Networked Insurance Agents
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Colorado Casualty
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One of the most competitive packages available without sacrificing quality.
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Package desired but monoline available for Homeowners, Renters, Auto, and
Dwelling Fire
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Full Pay or EFT payment plans will give the insured a better premium
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Comp losses are not rated for if under $100
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Different effective dates can be written on a package.
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Two losses are ok to write in the past 3 years. No fire, liability or water losses
allowed.
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Photos required for all homes submitted
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Lower limits for UM/UIM are not permitted however the coverage can be
rejected entirely.
July 2007
Networked Insurance Agents
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Encompass Insurance Co
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Package Policies encouraged however they will write mono line Home, Auto, Condo and
Renters
A Package consists of the Auto & Primary Home (Homeowners, Condo Owners or
Renters)
Package policies can also include Boat, Dwelling Fire, Motorcycle, Recreational Vehicles,
Motor Homes and Excess Liability
All lines of business on one policy, one bill, one deductible, one installment fee.
Offers two levels of coverage: Deluxe & Elite
Aggregate Property Limits 200%
Credit for existing insurance.
Will write up to 1 loss on homes including water (subject to approval)
All policies are subject to credit score ( will not accept a low score)
May be able to write up to 3 total incidents per household on autos (subject to underwriting
approval)
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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.
July 2007
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Fireman’s Fund
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Specializing in HV Property $400,000+, Auto, Dwelling Fire, Watercraft
& Excess
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No Maximum Coverage A
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200% Extended Replacement Cost
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Need to Write Home to Write Auto
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Send in Fireman’s Fund Location Approval Worksheet with an unsigned
Acord application
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Location approval subject to brush mapping
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No EFIS
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Networked Insurance Agents
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First American Specialty
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Specializing in Monoline Homeowners, Condo Owners and Dwelling
Fire.
No Credit Score!
Max 1 loss in the past 3 years
No wood shake or shingle roofs
Homeowner Plus Endorsement is included in all policies
 Personal Injury
 Inflation Guard
 Personal Property Special Limits:
 $200 on any one sports card w/ $1,000 aggregate
 $2,500 on any one oriental rug w/ $10,000 aggregate
 $2,500 on any one fine art article w/ $10,000 aggregate
July 2007
Networked Insurance Agents
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Hartford Insurance Company
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Currently writing Auto, HO3, HO4, HO6 Secondary Home and Dwelling
Fire with supporting Home.
Discounts: Account Credit Auto (varies per policy), Home (10%) and 25%
Multi-Car.
Domestic Partner Discount - married rate for couples in committed
relationship or single parent with custody of children.
New Home Discount up to 33%
Sentinel Silver and Gold Endorsement includes Replacement Cost Contents,
Replacement Cost Dwelling (150%), and increase liability limit automatically
Home minimum $500 deductible
Will write up to two losses of any type in 3 years on home (may be subject to
approval)
All insurance scores are eligible with Hartford
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Safeco
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Currently writing HO3, HO4, HO6, Auto, Dwelling Fire, Watercraft and
Excess (with package)
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Will accept any score
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Discounts: Account Credit, Multi Car, Accident Prevention, Anti Theft
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Will entertain family risks including youthful operators (good student
discount for youthful drivers with 3.0 GPA or better
July 2007
Networked Insurance Agents
Copyright 2007
Travelers Property & Casualty
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Currently writing HO3, HO4, HO6, Auto, COC, Dwelling Fire (with
supporting Home), Watercraft & Excess
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Subject to: Credit Score, CLUE, MVR’s
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Discounts: Account Credit 10% Auto & 10% Home
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Will entertain family risks including youthful operators. (good student
discount for youthful drivers with 3.0 GPA or better)
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COC policy available with endorsement covering building materials. No
owner builders.
July 2007
Networked Insurance Agents
Copyright 2007
July 2007
Networked Insurance Agents
Copyright 2007
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.
First quote the risk on NLinkPL at www.networkedins.com
To request binding fax (530) 274-2527 or email [email protected] a completed
submission (please note we treat all applications as bind requests). Please do not send
applications for pre-approval.
Within 4-6 hours you will receive an acknowledgement letter
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Networked Insurance Agents
Copyright 2007
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
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Networked Insurance Agents
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How to complete an Auto submission:
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Completed Acord Auto Application
Prior Dec Page –
Copy of NLINK PL Quote
Supplemental Forms/Items
 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
July 2007
Networked Insurance Agents
Copyright 2007
How to complete a Home submission:
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Completed Acord Application
Replacement Cost Estimator
Agents Copy of the NLINK PL quote
Supplemental Forms:
 Older Home Questionnaire – Company Specific
 Wood Stove Questionnaire – Company Specific
 Photos (if applicable)
July 2007
Networked Insurance Agents
Copyright 2007
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.
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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.
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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**
July 2007
Networked Insurance Agents
Copyright 2007
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
July 2007
Networked Insurance Agents
Copyright 2007
THANK YOU!
We appreciate your business!
July 2007
Networked Insurance Agents
Copyright 2007