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When somebody's prior BI limits are 15/30...they get a much worse rate compared to when they have 100/300 or 250/500 coming in the door.
The carrier systems ask (if you over declare..)
1.) Who's the prior carrier
2.) How long have they been insured
3.) What's their BI limit
Would it be misrepresentation to have the insured quick call their carrier & raise their BI limits prior to switching? For example if their new policy begins 09/01/2015 and you have them raise their current BI limits effective 08/25/2015...then how could that be misrepresentation? This means at the time the new policy we're writing goes into effect, they HAVE the higher limits
Of course it's not what the carriers want BUT the fact remains, until they start asking HOW LONG HAVE YOU HAD THOSE BI LIMITS FOR... then it's a trick I think we must be exploiting to HELP THE CLIENTS GET THE BEST RATES OUT THERE.
Now I know the douche nozzle agents will start talking crap saying "oh blah blah blah that's not how things are supposed to go & blah blah blah." Well I say we shove a finger right up the carrier's a$$es when we can (as they routinely do it to us w/ underwriting.) To me, this is a tool that's currently available & it's not technically wrong until they start specifically asking.
Boo ya bring it
The carrier systems ask (if you over declare..)
1.) Who's the prior carrier
2.) How long have they been insured
3.) What's their BI limit
Would it be misrepresentation to have the insured quick call their carrier & raise their BI limits prior to switching? For example if their new policy begins 09/01/2015 and you have them raise their current BI limits effective 08/25/2015...then how could that be misrepresentation? This means at the time the new policy we're writing goes into effect, they HAVE the higher limits
Of course it's not what the carriers want BUT the fact remains, until they start asking HOW LONG HAVE YOU HAD THOSE BI LIMITS FOR... then it's a trick I think we must be exploiting to HELP THE CLIENTS GET THE BEST RATES OUT THERE.
Now I know the douche nozzle agents will start talking crap saying "oh blah blah blah that's not how things are supposed to go & blah blah blah." Well I say we shove a finger right up the carrier's a$$es when we can (as they routinely do it to us w/ underwriting.) To me, this is a tool that's currently available & it's not technically wrong until they start specifically asking.
Boo ya bring it