Premium Change Communication:
With Renewals on all products there is a chance for increase and decrease on the insurance premiums.
These are due to many reasons that factor into insurance premiums including losses and expected losses due to Accidents, Catastrophic Weather events, and more.
No one likes an increase in premium, but the best way to help retain clients is through open and clear communication. This has been tested and proven to increase retention with clients, and even increases the chances to review missing coverages, help explain/educate on coverages, and talk about other insurance products you can save on!
Here are a few helpful articles to help with this process:
7 Reasons for Car Rate Increases
Home Insurance Rate Increases
Commercial Insurance Rate Increases
Health Insurance Rate Increases
Medicare Insurance Rate Increases