With the state of the economy, agents nationwide are working especially hard to locate additional channels of revenue and new customers to represent. Are you in this category? American Collectors Insurance has good news for everyone in this situation – you don’t need to look any further than your current customer base.
A recent study by HomeInsurance.com stated that 54% of people surveyed said they know “not much at all” about their home insurance coverage, while a mere 18% of those surveyed said they know “every last detail” about it. This fact presents a sales opportunity for savvy agents. Without fully understanding insurance, your customers could end up underinsured or worse, uninsured. You can help solve this potential problem by discussing collectibles insurance every time you sell a homeowners’ policy.
Why you should sell a specialty policy instead of adding collectibles to HO policies
Basic collectibles riders offered on homeowners’ policies lack the affordable rates, low deductibles, and broad coverage on collections compared to the policy offered by American Collectors Insurance. All you need to do is inform your customers about the gaps in their homeowners’ insurance, and a specialty collectibles policy becomes an easy sale. You can trust American Collectors Insurance to provide the kind of coverage that is simply unavailable with standard homeowners’ insurance.
Take a look below at the difference between specialty insurance and homeowners’ insurance.
Typical Homeowners’ Insurance
- Does not cover flood, earthquake, or accidental breakage
- Requires appraisals
- Includes large deductibles of $500 or more
- Pays actual cash value (depreciated value)
Specialty Insurance with American Collectors
- Includes coverage for flood, earthquake, hurricanes, and even accidental breakage
- Does not require appraisals
- Has a deductible of only $100 per occurrence
- Pays collectible value (agreed value) of the collectible
- Costs $75 annually for $10,000 worth of coverage (additional coverage is available for $7.50 per thousand)
- Covers multiple collections within a household
We encourage you to spend extra time with your current and potential customers and alleviate some of the complexity for them. When you talk with them, you will realize how many people have collections in need of protection. Above all else, you will discover how easy the policy is to sell. Then visit our website to obtain quotes, submit risks, and have your commission direct deposited into your account. It’s that easy!