Surfy
Expert
Sold an auto policy to a guy last week. Saved him about $160.00 a year. He was real happy. He had one more month left on his AAA auto insurance (about $48.00) so he goes to the local office and they would not let him cancel his insurance without charging him over $90.00.
Anyway, I cancelled the sale but it will automatically be re-instated middle of September when his AAA insurance runs out. I still get the sale...just next month instead of now.
But, $90.00 to cancel a policy? That seems like way too much.
My questions are: How much can a company legally charge to let a policy holder out of his car insurance?
How much does your agency charge when someone wants to cancel and how much pressure do you use to keep them?
What are some tips or something we can say if our client has many months left on his existing auto policy? Certainly, we are not going to wait until his renewal comes due every time.
Surfy
Anyway, I cancelled the sale but it will automatically be re-instated middle of September when his AAA insurance runs out. I still get the sale...just next month instead of now.
But, $90.00 to cancel a policy? That seems like way too much.
My questions are: How much can a company legally charge to let a policy holder out of his car insurance?
How much does your agency charge when someone wants to cancel and how much pressure do you use to keep them?
What are some tips or something we can say if our client has many months left on his existing auto policy? Certainly, we are not going to wait until his renewal comes due every time.
Surfy