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Buying an Insurance Book of Business 101 SmartFinancial

The Capitalization Method looks at the rate of return on the buyer’s money risk-free and then adds a risk factor for the purchase of an insurance book of business. 2. The Price/Earning Method of valuation uses profits to determine …

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URL: https://smartfinancial.com/agents/blog/buying-an-insurance-book-of-business

How Does Turo Car Rental Work

(6 days ago) Book or cancel a vehicle. (You must cancel within 24 hours of the signed-up rented time.) Contactless check-in options. With GPS running, identify the location of the car. Lock and unlock the auto. Upload and store pre- and post-trip images. Hosts and guests should document a full review of the car, both inside and outside.

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Auto-Owners Insurance Plans, Rates, & Discounts

(8 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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The Essential Insurance Agent Planner SmartFinancial

(2 days ago) Insurance Expert. Fran Majidi manages content on SmartFinancial's website. She's had nearly a decade's worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School.

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How to Be a Successful Insurance Agent SmartFinancial

(7 days ago) This is how you build a good book of business: earning customer loyalty. How Can the Internet Help an Insurance Agent Succeed? One advantage of being connected on the Internet is that you have more ways to connect with a customer and, if they are active on social media, you can learn many things about them, which helps on many different levels.

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All You Need to Know About Rebuilt Title Insurance

(Just Now) A rebuilt title may be as much as 40 percent less valuable, according to Kelley Blue Book. Another reason it’s hard to get full coverage on rebuilt title insurance is because sometimes the cars are not restored to a safe condition and may cause accidents.

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10 Ways to Sell Health Insurance Over the Phone

(8 days ago) This is also how you’ll grow your book of business, with great referrals from happy customers. Make sure you’re knowledgeable about the products you’re selling. Only then can you begin to build rapport and trust when selling health insurance over the phone. Follow a Script.

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Play It Again: Insurance Marketing on the Radio

(6 days ago) The production value of an ad is most important. That means, no cutting corners. You'll need to book time in a real recording studio to ensure that there will be zero background noise and no muffled voices. The more prepared you are, the less time you'll need to pay for. Have your ideas ready to go (background music, noises, etcetera).

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Differences Between Captive and Independent Insurance

(1 days ago) Captive agents either make a salary or a salary plus commission. Captive agents may even get an end-of-the-year bonus. An independent insurance agent either works for an independent agency or as their own boss. In the former scenario, the captive agent will again be paid a small salary with a commission (and a possible bonus).

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Encompass vs Auto Owners: What's the Difference

(9 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Insurance Agents Blogs and Essential Resources

(8 days ago) Agent Advice Best Auto-dialers For Insurance Agents . An automatic telephone dialing system (ATDS) is a device that can save or produce random or …

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How to Become an Insurance Agent SmartFinancial

(1 days ago) Even more importantly, build a book of business to show them! Also, don’t underestimate your location. While the Internet is changing things and the 5-mile radius rule is slowly being put to rest, insurance still operates based on territory. You need to show a prospective carrier that you can market their insurance products in desirable

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Cincinnati Insurance Rates, Rating, and Reviews

(7 days ago) Below is a list of the average rates that drivers typically pay with Cincinnati Insurance. On average, Cincinnati Insurance charges approximately $172.69 per month. The cheapest state average is Indiana at $104.97 per month followed by Ohio at $133.69 per month. The most expensive state average is Alabama at $357.47 per month.

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Success Story: William Frank of State Farm SmartFinancial

(3 days ago) William Frank sells auto insurance, life insurance, renters policies as well as home insurance and commercial insurance for businesses. He doesn’t sell standard health insurance policies but has partnerships to cover disability insurance and hospital income insurance, which is a product that provides a weekly or monthly payment during a hospital stay.

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A Primer on How to Get a Good Driver Discount SmartFinancial

(7 days ago) Kelley Blue Book recommends that shoppers get auto insurance quotes and data from at least three separate carriers. The Best Auto Insurance Company Discounts for Good Drivers. Some car insurance companies automatically give discounts to their customers, but other people may have to ask their insurance agent about whether they qualify.

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Auto-Owners vs Travelers: What's the Difference

(9 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Insurance Referrals: Why Timing Is Everything

(8 days ago) You may go through an entire book of business according to the timeline mentioned above and still lose business. This happens. You will lose clients for a whole list of reasons, mainly pricing. If you haven’t convinced your client thoroughly that the product you’re selling is worth every penny, your client may switch to a cheaper offer.

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Why Becoming an Insurance Agent Is a Great Career Choice

(3 days ago) One of the pros of being a captive insurance agent, however, is a steady paycheck and free leads and oftentimes, an existing book of business. With that come quotas, so be prepared to work hard selling property and casualty products and even life insurance.

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Success Story: Mario Neto of State Farm SmartFinancial

(Just Now) Success Story: Mario Neto of State Farm. July has been the best month for Mario Neto's State Farm agency since he opened the doors in 2020. His agency has grown over the years so that he and his staff service residents in four states: Pennsylvania, Delaware, Maryland and New Jersey. Like many insurance agents, Neto didn't set out to sell insurance.

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Success Story: Chris Smith of Farmers Insurance

(8 days ago) A scratch agent, Smith had never worked in an industry where buying leads was possible, but he soon learned that to have a successful insurance agency, buying leads was one of the few ways he could build a book of business. Since he opened his agency in March 2021, he's been trying different lead vendors.

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100 Most Frequently Asked Questions for Car Insurance

(3 days ago) For instance, your car's Kelley Blue Book value may be $10,000 but you owe $15,000 in loans. It is a problem if you find yourself in an accident, you are at a $5000 loss, because coverage never exceeds the value of the car. If this is the case, you can buy auto gap insurance, and it will pay the remaining $5,000 of your loss.

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What Is comprehensive Coverage for Auto Insurance

(6 days ago) Just buy both unless the total of the two is more than 10% of the total blue-book value of your car. Is Comprehensive Coverage Expensive? No, comprehensive coverage is inexpensive. In fact, comprehensive coverage is three to four times cheaper than collision. For both types of coverage, there is a deductible (separate for each one) and the

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Auto-Owners vs Liberty Mutual: What's the Difference

(4 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Referral Program Incentives: Save on Rewards & Go Beyond

(8 days ago) A word of caution: Consider how much you can stand to lose on commission to grow your book of business before offering a discount on whim. Only you know what you can afford to give without hurting your bottom line but do consider how much new business may benefit you. Charities . You can donate to a charity of choice on your client’s behalf.

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10 Effective Traits of Insurance Customer Service

(1 days ago) Patient. Effectively communicative. Persuasive. Empathetic. Decisive. In some agencies a CSR is essentially a producer’s assistant with a lot of clerical and follow-up work. In some agencies, a CSR is licensed and expected to sell and to build a book of business. All CSRs have to collect and process information.

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California Car Insurance: Laws, Coverage & Rates

(7 days ago) You don’t visit the airport when you need to book a trip, you use TripAdvisor.com or Expedia.com. Car insurance is no different. We’ll help you quickly figure out who offers the best car insurance in California for your smart, savvy self. We are carrier-neutral because our customer is you. Have no fear of the unknown after reviewing the

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Auto-Owners vs American Family: What's the Difference

(5 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Auto Owners vs Hanover: What's the Difference

(7 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Auto Owners vs Sentry: What's the Difference

(6 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Cincinnati vs AAA: What's the Difference

(2 days ago) The AAA also published a Responsible Driving textbook (first published as Sportsmanlike Driving), which has become the most widely used book for new drivers. AAA also offers alcohol education programs, which thousands of communities use to address the problem of drunk driving.

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Auto-Owners vs Mercury: What's the Difference

(7 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Auto Owners vs State Auto: What's the Difference

(Just Now) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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10+ Strategies for Agent Success in the Small Business

(5 days ago) Small business is big business right now. Small businesses make up one-third of total commercial line insurance sales and generates between $99 and $103 billion in premiums, according to a 2016 McKinsey $ Co. report.

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Allied vs Auto Owners: What's the Difference

(6 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opened the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Auto Club (AAA) Insurance Quotes, Review, & Rates

(Just Now) Auto Club Group Auto Insurance Rates by State. Below is a list of the average rates that drivers typically pay with Auto Club Group. On average, Auto Club Group charges approximately $309.07 per month. The cheapest state average is Wisconsin at $128.85 per month followed by Nebraska at $165.04 per month. The most expensive state average is

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7 Reasons Why You Should Buy Insurance Leads for Your Best

(7 days ago) If you want to grow your book of business, you shouldn’t be content with having good producers; You should want to make them great producers, superior producers, even superstars. Buying Life, Home and Auto Insurance leads can help you do that. Your best producers know how to pitch, follow-up and write policies. Many agency owners want to buy

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Pennsylvania Car Insurance: Policy & Cheap Rates

(9 days ago) You don’t visit the airport when you need to book a trip, you use TripAdvisor.com or Expedia.com. Car insurance is no different. We’ll help you quickly figure out who offers the best car insurance in Pennsylvania for your smart, savvy self. We are carrier-neutral because our customer is you. Have no fear of the unknown after reviewing the

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Aetna vs Blue Cross Blue Shield: What's the difference

(3 days ago) Aetna and Blue Cross Blue Shield Enrollment Process. Aetna. Aetna is available through participating employers. You can also buy an individual or family plan directly from Aetna, the health insurance marketplace or you can get several free quotes here.. At this time, Aetna offers Medicare, Medicaid, student health insurance and international insurance.

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10 Cheapest New Cars 2021 SmartFinancial

(5 days ago) The Impreza is available as a sedan and as a hatchback, whichever you prefer. Starting at $18,795 this symmetrical all-wheel drive vehicle is the longest-lasting vehicle in its class. According to Kelley Blue Book, the Impreza has “an unbeatable combination of safety, reliability, capability and affordability that’s hard to pass up.”

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7 Glimpses into the Future of Insurance Agents

(6 days ago) Time to revisit your book of business insurance clients? Blockchain. They all say that blockchain is going to revolutionize insurance as we know it. But what is blockchain anyway? Blockchain is a real-time public ledger of peer-to-peer transactions made in bitcoin or another cryptocurrency. Blockchains can quickly set up what’s called

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Ohio Car Insurance: Plans, Quotes & Cheap Rates

(1 days ago) You don't visit the airport when you need to book a trip, you use TripAdvisor.com or Expedia.com. Car insurance is no different. We'll help you quickly figure out who offers the best car insurance in Ohio for your smart, savvy self. We are carrier-neutral because our customer is you. Have no fear of the unknown after reviewing the data points

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Allstate vs Auto-Owners: What's the Difference

(8 days ago) Allstate vs. Auto-Owners: What You Need to Know. Founded in 1931, Allstate is the nation’s largest publicly held personal lines insurer. It was founded by former Sears, Roebuck & Co President and Board Chairman, General Robert E. Wood, who initially sold policies through the mail, an innovative business move.

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How People Buy Health Insurance and How to Sell More

(Just Now) If they share your information to help their patients buy health insurance, you'll quickly grow a book of business with very little effort. Leads Are Still the Best Bet for Health Insurance Agencies. Place filters on leads so you can sell the plans you want to …

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Auto-Owners vs Esurance: What's the Difference

(8 days ago) In its first year, Auto-Owners Insurance had only one book of policyholders and $174.25 in total assets. In 1935, Auto-Owners extended beyond Michigan and began writing policies in Indiana. In 1951, the company opens the doors to its new four-story home in downtown Lansing and 400 associates moved in.

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Country vs AAA: What's the Difference

(9 days ago) Below is a list of the average rates that drivers typically pay with Country and Auto Club Group. On average, Country charges approximately $156.06 per month while Auto Club Group comes in at around $309.07 per month. For Country, the cheapest state average is Oregon at $105.50 per month and the most expensive is Minnesota at $209.78 per month.

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The True Cost of Owning a Car in California SmartFinancial

(5 days ago) Changing your car's oil also keeps it running well. You should do this every 5,000 to 7,500 miles. The optimal benchmark is 3,000 miles. According to Kelley Blue Book, the average cost to change your oil is between $35 to $75 for conventional oil and $65 to $125 for the annual price of synthetic oil. Check your engine fluids

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8 Life Events that Impact Your Auto Insurance Rates

(1 days ago) 7. Moving to a Different Area. Another life event that can change your auto insurance rates is moving to a new area. If you move to an area with a lower population, it can affect your car coverage. Your insurer will also take into consideration the crime and accident statistics in your new location.

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