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AFM is pleased to announce that beginning 1/1/2024, we have added Service Line Coverage to all Select HO-3 and Secondary new business and renewal policies. In the past, we have received several inquiries from agents regarding the availability of this coverage, and your input has not gone unnoticed.
The insurance industry is currently in the news, and unfortunately, it’s not generally for positive reasons. Recently, two themes seem to be dominating headlines: certain carriers leaving the market (in whole or in part) and overall rising premiums. Although these are two very different stories, one of the factors cited for both events is reinsurance.
Site inspections are a mainstay of the underwriting process for both new and renewal business. Most insureds and agents are familiar with the traditional method of having a field inspector physically come out to the property to take photos of the current condition of the dwelling. These photos are compiled into a report that is then sent to the insurance carrier and reviewed to determine the eligibility of that dwelling for coverage within the carrier’s guidelines. This process can be both time-consuming and expensive.
This time of year, back to school is top of mind for many of us. While most of us associate this time of year with backpacks, pens, pencils, and notebooks, licensed insurance agents know that classes don’t stop once you earn your high school diploma or college degree.
AFM relies on our network of independent agents to recommend our products to clients for their coverage needs. Once an application is processed and a policy is approved and issued, that partnership is far from over.
If you’ve visited our refreshed website lately, in addition to our new logo and updated modern appearance, you’ve probably seen the “Get A Quote” buttons prominently displayed on our homepage. Clicking either of these buttons takes you to the same place, where a potential client would be able to enter basic information about themselves and the property that they would like to insure.
AFM consistently encourages behavior that helps to reduce potential losses. One way to do this is by offering policy discounts when certain criteria is met. For example, most individuals are already familiar with credits available for having a specific type of Fire or Theft Alarm system installed in a dwelling.
When searching to find insurance coverage for a new or existing home, it can be tempting to make a decision based solely on price. However, a more important consideration to make is whether or not the policy provides the correct coverages for your needs.
You’re working on quoting coverage for a client, and a question pops up in the Rating Information that you’re not sure how to answer. Let’s say you’re quoting a home that has Hardie Board siding. Hardie Board siding isn’t an option under Construction Type. What do you select?
As an independent agent, you have access to a wide variety of carriers to meet your clients’ needs. While some of those companies are utilized for very specific types of risks in your portfolio, we know that AFM is likely not the only option for your Standard or Preferred Homeowners business.
