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I just picked up a new client yesterday on a referral from a mortgage person. They were referred to me because their State Farm agent told them that new home policies (they're first time home buyers so only had auto with SF) have a minimum deductible of $2,000.
Can anyone verify this? Are they actually doing that or is this agent pulling some kind of a fast one? Maybe to keep his loss ratio down, or to just get the sale by lowering the price?
The client was really unhappy with the deductible which is why they're going to buy from me. I can get them about the same rate with a $500 deductible. I'm just really curious to find out if this is an actual thing SF is doing or if the agent was fibbing.
WA State in case that makes a difference.
Can anyone verify this? Are they actually doing that or is this agent pulling some kind of a fast one? Maybe to keep his loss ratio down, or to just get the sale by lowering the price?
The client was really unhappy with the deductible which is why they're going to buy from me. I can get them about the same rate with a $500 deductible. I'm just really curious to find out if this is an actual thing SF is doing or if the agent was fibbing.
WA State in case that makes a difference.