As the days get longer and the temps continue to rise, one thing is clear: Summer fun is right around the corner. For people who own pools and hot tubs, that means more time in the water. This, of course, comes with some added responsibility and the need for extra precautions. According to the Centers for Disease Control and Prevention (CDC), an average of more than 3,500 people unintentionally drowned between 2005 and 2014 in the U.S. alone. 20% of those victims were 14 years or younger.
When most people think “car collector,” they imagine someone who loves the classics. But a whole lot of your customers have passion for the newer cars of today that have the potential to become the classics of tomorrow. Manufacturers are currently making some great performance cars and trucks that will likely become future collectibles. Mustang GT, Camaro SS, Challenger SRT8, and Corvettes are all examples of new cars that are making big horsepower, are handling great, are a blast to drive, and look cool, too. Continue reading “When to Write Collector Vs. Standard Auto”
–Enhanced Personal Lines Products Compliment New System–
American Modern Insurance Group, Inc. (American Modern) is rolling out a new quoting and policy management agency system for its personal lines products. The AMsuite® system bundles together quoting, policy management, claims, reporting, and data analysis functions to provide agents with a single integrated, easy-to-use solution for American Modern® products.
Let’s be real, if a situation is dangerous for you, it’s going to be dangerous for your pets too. This is especially true during hurricane season. Hurricanes, as well as floods, brushfires, tornadoes, or any other natural disasters, are frightening conditions to be caught in the middle of for both people and pets.
According to The Washington Post’s Karin Brulliard, “One 2006 poll found 44 percent of people who chose not to evacuate during Katrina did so because they did not want to abandon their pets.” We love our pets, and Katrina confirmed the need to protect them like family in a natural disaster. In fact, the Pets Evacuation and Transportation Standards Act was created after that storm, which requires that response plans “account for the needs of individuals with household pets and service animals before, during and following a major disaster or emergency.” Continue reading “7 Safety Tips for Pet Owners During Hurricane Season”
In Hurricane Sandy’s aftermath, classic-car collectors learned some valuable lessons. American Modern® wants to impart those lessons onto all of our agents so you can help your customers plan ahead as the two most critical storm months, August and September, approach. The following tips will guide your customers to better protect their rides from hurricanes that may barrel through.
The collector vehicle market is as strong as ever amongst older collectors and becoming more mainstream with younger generations too. To understand this distinct market and know how to navigate the proper coverage plans, listen to the experts in the collector vehicle industry. They know the state of the collector car market best and what the near future holds.
Since 1984, Colorado State University (CSU) has released its initial predictions for the upcoming season, which is fast approaching and spans June 1st to November 30th. Their reputable forecast is expecting a total of 14 named storms, of which 7 are expected to become hurricanes (and 3 are expected to be major hurricanes), which is slightly above the long-term average. That’s also 14 reasons to prepare your clients now before a storm strikes.
With hurricane winds blasting at 74 mph or higher, they form undetected over warm ocean waters and strike on land in an instant, pushing walls of ocean water ashore. One thing every American Modern® agent should be skilled at is managing surprises before they turn into catastrophes.
So, why are hurricanes such a huge menace anyway?
If you are at all a fan of adventure sports, listen up! Off-roading is a recreational powersport exploding in popularity in America, and you simply can’t hit the pavement or the field without an ATV or UTV. That’s why American Modern® wants you (and all of our agents), to take advantage of this growing market, so you can learn how to safeguard your clients’ wildest adventures.
Most of you have heard about the “Sharing Economy.” But what is it, really? And more importantly, what does it mean to you, the insurance agent? Simply stated, the Sharing Economy is a set of new solutions to old challenges that allows many companies to provide products and services in a manner that’s more efficient and in line with the way consumers live today.
Case in point – more and more people are using Uber®, Lyft®, Zipcar®, and Airbnb®. A big driver is that more of the economy is being propelled by people who are comfortable with owning less and operationalizing a digital purchasing experience to augment their lifestyle. And since most people have tiny, high-powered computers at their side at all times, a Brookings Institute study, predicts the sharing economy to grow by up to $335 billion by 2025*.
One proven way to make your clients trust your working relationship is the ability to tell them an engaging and relevant story. Use an easy-to-follow narrative story where someone with a similar problem found a solution in your business. This engages your client in a conversational, comfortable, but focused way. The more masterful your storytelling can be, the more connected your clients will become to you and your business.
Stories and Statistics
Humans are wired to follow stories. Businesses are built to run on numbers. Engaging in both with your customers can make sure they leave your meeting with a meaningful takeaway.
According to a study at Stanford University, statistics paired with stories yielded a 70% retention rate. This is HUGE! Think of all the moments someone is selling to you and how much information you retain. By pairing the data with a narrative about a similar client in your area, your customers are drawn in substantially deeper than if you just handed them the numbers. Continue reading “How a Good Story Can Help Grow Your Business in Big Ways”