How Much is Insurance?
Posted on September 21, 2022
Insurance is a product owned by many, and one that consumers know very little about, even if they’ve gone through the process of purchasing a policy. So much happens behind the scenes, it may feel like a complete mystery even if you’ve purchased insurance before! Shopping around for a policy that best protects your home and assets, and stays within your budget, can feel like a chore. In some cases, you may not even know where to start.
A Homeowner in Need
Take Katherine, for example, a typical homeowner looking to insure her manufactured home in the Florida panhandle. She filed a claim after a storm during last year’s hurricane season caused significant damage to her home. She’s not sure what her options are now for insurance after her carrier informed her it won’t renew her policy. She calls Jeff, her retail insurance agent licensed in Florida, and they discuss options available to her.
Like most homeowners, Katherine wants to know – what’s her new policy going to cost? While price is a major factor in deciding on coverage, it is one of many factors Jeff and Katherine consider. Jeff explains he will contact a broker that specializes in coastal manufactured housing insurance, like Aspera, to craft the right coverage for Katherine and her budget. He explains that they’ll do their best, but that there are many factors to consider before an accurate quote is really possible.
Changes in these factors can cause a quote to range widely and it’s important that Jeff has the answers to give Aspera to get the most accurate quote for Katherine. She’d be pretty upset if Jeff presented her with a quote for a low price, but due to some missing information, her final monthly policy cost ended up much higher or her policy didn’t fully cover damages following a claim.
The Right Solution
Armed with this crucial information, Jeff submits an insurance application through Aspera’s online quoting portal, where he receives a quote instantly. Katherine is pleased with the preliminary quote she and Jeff review from Aspera. Jeff then calls Aspera, where our brokers pride themselves in high-quality service with quick turnaround times, to discuss additional details such as loss history, inherent risk in her location, and other relevant, unique information associated with Katherine’s situation.
After such a quick response despite a wealth of information being presented, Katherine feels incredibly confident that Aspera has access to the right coverage at the right price for her. Over the next few days, she works with Jeff and our team and binds a policy from a carrier with an assigned financial strength rating of A (Excellent) by A.M. Best.
Take Action
Are you a homeowner who feels like Katherine felt at the beginning of this story and don’t know where to start? Contact your local insurance agent today and ask if Aspera has the right coverage for you!
Are you an agent like Jeff, who wants to help your hard-to-insure coastal manufactured homeowners? Contact our experienced underwriters today for a fast, personalized quote for your clients or use our instant quoting portal. Not appointed? Start our appointment process now and you could be binding accounts by the end of the day!