5 Things to Review Before You Renew
Posted on June 7, 2018
In less than six months, anything can change in a homeowner’s life from mortgages, trusts, additional insureds, property sold and new property purchased. Peak renewal season can also be stressful on agents, and some policies can be overly time-consuming when there is a lot of back-and-forth in order to renew Manufactured Housing policies. Our team at Aspera has compiled a short list of items sometimes forgotten before requesting the renewal that we would like to share:
Four Items to Review Before You Renew:
- Updates and Add-ons to the home – Photos and receipts are required.
- Outstanding Claims – Confirmation the claim has been resolved including photos of the repair(s).
- Diligent Effort / Surplus Lines Form – Different States may require the insured’s signature. If your state does not require the insured’s signature, don’t forget to send the diligence effort form once full payment is collected.
- Payment in full must be collected by the agent for the renewal premium. All of our premium is agency-billed; make sure the payment is made payable to the correct company to avoid delays.
The best compliment the insured can give you is a referral! When finalizing the renewal process, take a moment to thank your insured and inquire if they have any family or friends who also own a manufactured home along the coast. Word of mouth is the strongest and most effective marketing tool your agency has to offer. Renewals are a great way to reconnect and grow your business!