COVERAGEDECREASES

to show that you offered the coverage is an excellent defense in the event of a claim.

Every modern AMS system can spit out a report showing all your accounts with property insurance but no flood and the associated email address. Run it. Feed that into your email platform’s mail merge system. Make a single template email that says “Our records indicate that you don’t have flood insurance written with us. Your property insurance does not cover flood. Please contact our agency if you’d like a quote on flood insurance.” Hit send. Save the email in your AMS. Done.

Conclusion

We know that Agents E&O isn’t top of mind during this market disaster, but this is also the time when you need to be most aware. Sit down with the other staff members in your agency and make them aware of the dangers of the coverage decreases we’re seeing in this hard market. If there is anything that the association can do for you, please let us know. We’re always here to help.

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