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Reply to Homeowners with Excess Loss History     
Old 08-21-2017, 12:20 PM   #1
Super Genius
 
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State: TwoLabs is an Insurance Agent from
Homeowners with Excess Loss History Homeowners with Excess Loss History
I'm in Texas and looking for a market for a homeowner's policy for someone who was non-renewed by a prior carrier. He didn't have any losses on the actual house itself, but on the farm and ranch (total loss to a secondary dwelling, total loss to a large equipment storage facility that was a cat loss, and a fire loss to a piece of farm equipment). About $500k in losses in 2016 over three claims.

I sent it to Myron Steves and they turned me down.

Any ideas?
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Old 08-21-2017, 02:53 PM   #2
Super Genius
Rick Deckard on Homeowners with Excess Loss History
 
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Homeowners with Excess Loss History Re: Homeowners with Excess Loss History
Find a new lead...in all seriousness put yourself in any carrier's shoes and would you put your money behind this guy?

I hate this side of insurance but you file a claim, a rather large one in this case, there's a good reason why he is dropped and why people are going "Thanks but no thanks"

Find a new lead
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  Reply With Quote to Homeowners with Excess Loss History
Old 08-21-2017, 03:04 PM   #3
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adjusterjack on Homeowners with Excess Loss History
 
Join Date: Jun 2017
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State: adjusterjack is an Insurance Agent from Arizona
Homeowners with Excess Loss History Re: Homeowners with Excess Loss History
Originally Posted by TwoLabs View Post


Any ideas?
Contact excess and surplus lines brokers who have access to carriers that will write insurance on high risk insureds.

Inculcate your prospect that he will pay dearly for the coverage.
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Old 08-21-2017, 04:41 PM   #4
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insurance1822 on Homeowners with Excess Loss History
 
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Homeowners with Excess Loss History Re: Homeowners with Excess Loss History
tell him you have no options - not worth chasing stuff like this. send him to the state fund.

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  Reply With Quote to Homeowners with Excess Loss History
Old 09-03-2017, 06:17 AM   #5
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State: stevegonzales is an Insurance Agent from California
Homeowners with Excess Loss History Re: Homeowners with Excess Loss History
500K in a year If he files more claim, won't it affect your lost ratio?
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  Reply With Quote to Homeowners with Excess Loss History
Reply to Homeowners with Excess Loss History 

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