Bob Denman
New member
:shocked: What have you got against Agents and Brokers... :shocked:
-
There were many reasons for the change of the site software, the biggest was security. The age of the old software also meant no server updates for certain programs. There are many benefits to the new software, one of the biggest is the mobile functionality. Ill fix up some stuff in the coming days, we'll also try to get some of the old addons back or the data imported back into the site like the garage. To create a thread or to reply with a post is basically the same as it was in the prior software. The default style of the site is light colored, but i temporarily added a darker colored style, to change you can find a link at the bottom of the site.
Bob - Industrial Property Insurance Question
- Thread starter Joe T.
- Start date
I guess he doesn't like paying commissions for a service he thinks he can perform himself. Probably not a good tipper, either.
Bob Denman
New member
You might just be right... thanks! :thumbup:The commission that you pay your agent; is for him to give you advice, argue on your behalf with the companies, help to settle claims, solve billing problems...
Call your direct-writer, and you're dealing with their employee: whose back, do you think that person will have? :dontknow:
NO.
You don't have a 'case'. You've just been given loads of good solid advice and ignored it all because you're determined to get a deal on insurance. I hope your customers take the same attitude toward your products and services because I think that's what it will take for you to wake up and smell the coffee.
Bob Denman
New member
Let's look as this is another way...
There are three ways to settle out a property claim:
under a replacement cost basis
or Actual Cash Value...
or Stated value.
Replacement cost is pretty easy: you insure to what it takes to rebuild, and that's what you get if your worst nightmare happens to come true.
(Less the Deductibles: of course!)
Actual cash value basis: you insure for LESS than replacement cost, and the company will reimburse you for the depreciated value of what you had...
Stated Value: ( we use these a lot for municipalities and fire districts)
You and the company agree to a value on the building, and that's what you get.
The problem with ACV and Stated Value settlements?
People like to sue, when they don't end up with enough money in their pockets.
They sue the Agent, and they sue the company.
So it's our own fault, that you can't "buy cheap" anymore.
There are three ways to settle out a property claim:
under a replacement cost basis
or Actual Cash Value...
or Stated value.
Replacement cost is pretty easy: you insure to what it takes to rebuild, and that's what you get if your worst nightmare happens to come true.
(Less the Deductibles: of course!)
Actual cash value basis: you insure for LESS than replacement cost, and the company will reimburse you for the depreciated value of what you had...
Stated Value: ( we use these a lot for municipalities and fire districts)
You and the company agree to a value on the building, and that's what you get.
The problem with ACV and Stated Value settlements?
People like to sue, when they don't end up with enough money in their pockets.
They sue the Agent, and they sue the company.
So it's our own fault, that you can't "buy cheap" anymore.
NautiBrit
New member
Joe had asked his Agents and Brokers for help and according to him, they were very "reluctant" to provide it. I offered alternatives. I don't see where you jump to the conclusion that I have something against Agents and Brokers.:dontknow:
Bob Denman
New member
I was being somewhat "tongue in cheek" about it... 
