Homeowner's Insurance is Dead. Flood is the New Value Product.
December 12, 2022
Author: Deena Gallo

With Citizen's stealing the homeowner's market, you need flood insurance on your side.

It's hard to win in today's homeowner's insurance market. Clients are either calling infuriated by their rates rising more than thirty percent or are berating your service team on how they were dropped regardless of whether or not they had a past claim. Carriers are not writing business anymore and Citizens Insurance is grabbing up the majority of the accounts due to their reduced compensation. So all the hard work you put into getting appointed to those carriers was a waste. You are trying to bring value, but let's face it, homeowner's insurance is a losing proposition right now. 

Here are 5 ways flood can help you:

  1. It can bring value to a hard homeowner's market.
  2. It can penetrate the household. 
  3. It can save your clients money on flood insurance that offsets homeowner increases. 
  4. It can help you not only win a flood account, and be the agent of record on home and auto, too.  
  5. It can help you create additional revenue by cross-selling your existing home book of business. 

This is how tactical agents are using flood insurance as a secret weapon, but flood insurance can only be your secret weapon if you are highly competitive and efficient. The last thing you can afford to do is have your already over-stretched staff take forever to quote flood insurance one carrier at a time when the likelihood of even closing it is extremely low. What you need are competitive markets, instant ratings, and subject matter experts in your corner available to guide you and support any of the questions you, your staff, or your clients may have. 

Rocket MGA is the first flood insurance comparative rater and MGA built-in-one where you can use your existing appointments within our platform and receive the rest of your appointments through us. It is the most powerful flood tool in the country. Supercharge your agency with more than thirteen flood markets with instant quotes and start providing your clients with value again. Call us today for a live demonstration in under 10 minutes and we will show you why RocketMGA is the most impactful tool your agency will use in 2023.