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Originally Posted by Unregistered You didn't answer the guys question ... his rate doubled in a year and was wondering if he was getting ripped off. Without knowing what he was paying, you can't answer the question. |
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Originally Posted by Surety Guy I can not comment on whether your current agent is "ripping you off", as premium rates can vary greatly and each applicant is unique. |
Read other users posts more carefully before being so critical.
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Originally Posted by Unregistered Rates have gone up, but double??
I understand your not wanting this to turn into an advertising board for all kiinds of agents, but at least try to give an honest answer to the guy. |
I am upset that you thought that Surety Guy didn't try to give an honest answer. I thought it was an excellent answer. Not only did he let you know that most clients are seeing premium increases, but he told you what you can do to keep them down.
In general, I find that double the premium of a couple of years ago is something that more clients see then not. In fact, clients with some of the missing underwriting factors Surety Guy listed above will see premium rates 15 times higher what they did just a few years back.
For the future, if you feel something wasn't explained well, please ask further questions rather than being so critical. We want to keep this an educational board where all can feel free to post without being badgered and called dishonest.