Step 4) Have A Renewal Strategy

Renewal vs Expiration. Staying Put or Changing Trucking Insurance Agent / Carrier

Keep in mind the process of buying insurance is not always the same from year to year. If you believe you will be changing agents and or insurance companies the process dictates different strategies to get your best outcome. If you are not dissatisfied with your agent and your insurance carrier has been treating you fairly, there is nothing wrong with planning to stay put.

If in your mind you are likely to renew with your incumbent then be sure to be efficient in your insurance buying process. This does not mean that you should not bring in competitors to shop the program, but do keep in mind it actually is possible to "over shop" your insurance program. This can have a real downside. It sounds counterintuitive but shopping your insurance program too aggressively can cost you in the long run.

You do not want to spin the wheels of your agent and insurance carriers unnecessarily because eventually they may grow weary of the process. It’s just human nature, if they believe that they are never going to win your business they may be unlikely to provide the most competitive quote possible because they do not regard you as a serious prospective client. Or worse, they might become unwilling to quote at all down the road when you might really need them.

p.: 419-475-5151 • fax: 419-475-8750 • 3912 Sunforest Court, PO Box 8730, Toledo, OH 43623

AssuredPartners
Roemer Insurance
Insure My Rig
Permit My Rig
SA Safety Services

The information contained in this website is offered only to provide the reader with a general understanding of the subject matter. Nothing contained herein should be regarded as legal advice or as a warranty of veracity or averment of any fact. Whether such information is drawn from a simple glossary of terms, or enumeration of definitions for industry jargon or else wise, it is published only for general information and should not be regarded as legally binding. No language contained herein is part of any contract or policy of insurance and is only given publicly to allow for a conceptual understanding of commonly used terms.

Roemer Insurance has been a leading force in commercial truck and fleet underwriting for decades. Roemer Insurance pioneered trucking insurance packages and offers a full menu of coverage, including liability, physical damage, motor truck cargo, commercial auto liability, and Workers' Compensation.With 80-plus years insuring America’s truckers, Roemer Insurance continues its legacy of innovation, delivering new, higher levels of service and value to trucking fleets and drivers through the insurance products and risk management services delivered daily by the Roemer Family of Brands.