The Perfect Storm
Over the last eighteen months, diamond prices have increased by 50%. When combined with an aging book of business, 40-50% of all policyholders are under-insured resulting in an average out-of-pocket expense of $3,500 in claims. Can you say, ouch?
It is imperative that insurance companies update jewelry appraisal values to ensure their members are adequately covered in case of a loss. 50% of your policyholders are upside down in coverage and are disgruntled to find out when they file a claim they do not have enough coverage to be made whole
When utilizing SpeedCheck’s all-in-one software, everyone wins. Agents proactively help protect their clients and increase commissions, policyholders can be made whole in case of loss, and insurance companies will enjoy substantial net profit for years to come.