Hi folks,
I'm a fairly new licensed agent so I have some "newbie" questions. This is one:
Sometimes, insureds come up with their own Dwelling value. It doesn't matter that you explain to them that the RCE for the specific carrier came way lower of what they want, they still want to stick to their numbers.
For me its fine, if that gives them satisfaction but...would the carriers mind they are being "over insured"?
In few words, I understand the carrier wont insure for less than their RCE, but would they have an issue if the dwelling goes over the RCE?
Thank you all in advance.
I'm a fairly new licensed agent so I have some "newbie" questions. This is one:
Sometimes, insureds come up with their own Dwelling value. It doesn't matter that you explain to them that the RCE for the specific carrier came way lower of what they want, they still want to stick to their numbers.
For me its fine, if that gives them satisfaction but...would the carriers mind they are being "over insured"?
In few words, I understand the carrier wont insure for less than their RCE, but would they have an issue if the dwelling goes over the RCE?
Thank you all in advance.