Winnipesaukee Forum - View Single Post

AC2717 · 09-21-2007, 08:18 AM

One thing to note, is that the agent, those being shown here are not actually your insurance carrier. I am sure you probably know that. The best thing to do is to find a agent with multiple carriers and at the same time have a good relationship with. So they can market your insurance needs to different carriers such as One Beacon, Nationwide, Allstate (unsure if they do), and Whom ever might be writing in the state of NH. Some carriers require that if you want your second home or island home or auto policy with them that they want you to have your homeowners with them as well. It is a way of account rounding if you will, and they will not bend on this. And then you have other carriers that might write your homeowners and then not want the second home no matter what, especially an island camp. So then you are in a pickle. You need a great agent, like I am sure some mentioned here are, that can find you a happy medium and good premium. Cause yes this carrier here will write the island home but will only do it if they get your homeowners and then you move your homeowners policy to them and it is much more than what you were currently paying, the same with the auto, so that does not make your position any better.

Talk to three to four agents, look to see and ask what markets they have in there office, some have more than others and that is also sometimes for certain reasons such as capacity, relationships, age of agency and company, etc... Have them quote you with their carriers for all scenarios, you might find one that will be able to just do the island camp and not have to mover anything else, and then later down the line you could if you wanted to move the rest of your insurance to that agency.

One major important fact is that the insurance agent gets paid by making commission off of your policy from the carrier and all contracts with carriers and agents are different, so a bad agent might try to force you into a market because they make more that way or have incentives and goals they might need to hit, and then you have agents, which I would have to say most of them, earn your business through relationship and getting you the best coverages possible. Price is not always what you want to go by, you want to compare each policy as they are not all the same.

Speaking as someone that works in the industry, I transact with agents everyday. Unfortunately I do not have any in NH that I could Recommend as I do not write in NH, but if you are from MA, let me know and I can refer to agents down here, your agent does not need to be in the area to be able to write in the area, if your current agent is good, check with them to see if they are licensed to write in NH. If you need help let me know, I can do some checking!

Good luck

09-21-2007, 08:18 AM	#10
AC2717 Senior Member Join Date: Apr 2007 Location: Maynard, MA & Paugus Bay Posts: 2,575 Thanks: 753 Thanked 354 Times in 266 Posts	Insurance One thing to note, is that the agent, those being shown here are not actually your insurance carrier. I am sure you probably know that. The best thing to do is to find a agent with multiple carriers and at the same time have a good relationship with. So they can market your insurance needs to different carriers such as One Beacon, Nationwide, Allstate (unsure if they do), and Whom ever might be writing in the state of NH. Some carriers require that if you want your second home or island home or auto policy with them that they want you to have your homeowners with them as well. It is a way of account rounding if you will, and they will not bend on this. And then you have other carriers that might write your homeowners and then not want the second home no matter what, especially an island camp. So then you are in a pickle. You need a great agent, like I am sure some mentioned here are, that can find you a happy medium and good premium. Cause yes this carrier here will write the island home but will only do it if they get your homeowners and then you move your homeowners policy to them and it is much more than what you were currently paying, the same with the auto, so that does not make your position any better. Talk to three to four agents, look to see and ask what markets they have in there office, some have more than others and that is also sometimes for certain reasons such as capacity, relationships, age of agency and company, etc... Have them quote you with their carriers for all scenarios, you might find one that will be able to just do the island camp and not have to mover anything else, and then later down the line you could if you wanted to move the rest of your insurance to that agency. One major important fact is that the insurance agent gets paid by making commission off of your policy from the carrier and all contracts with carriers and agents are different, so a bad agent might try to force you into a market because they make more that way or have incentives and goals they might need to hit, and then you have agents, which I would have to say most of them, earn your business through relationship and getting you the best coverages possible. Price is not always what you want to go by, you want to compare each policy as they are not all the same. Speaking as someone that works in the industry, I transact with agents everyday. Unfortunately I do not have any in NH that I could Recommend as I do not write in NH, but if you are from MA, let me know and I can refer to agents down here, your agent does not need to be in the area to be able to write in the area, if your current agent is good, check with them to see if they are licensed to write in NH. If you need help let me know, I can do some checking! Good luck