Happy hunting

The July renewal season is on us, and there's good novels in store. It's a great time for buyer to be shopping. Notwithstanding the pricing bloodbath in attribute catastrophe rates in some areas of the political division prices in the property/casualty sector are impressible The carriers are charging into the marketplace with abandon, broadening their risk appetites, lowering rates and fighting hard for your business.

with equal reason if you're not happy with an proffer look around. Don't settle for the first deal that approachs through the door. If all your agent can do is 2 percent or 3 percent give him or her a dirty gaze You've got nothing to talk about.

sum up those paid to represent you that you're not letting them [i]or[/i] part of to the other the door unless they advance back with an offer to globule your rate by double digits. If they can't do that, take your business elsewhere. Chances are you'll do better, perhaps plenteous better. Don't be afraid to drive a hard bargain. There's plenitude of capacity. If you're not looking to insure characteristic from natural catastrophes, the capacity restrictions imposed by means of reinsurers on carriers aren't your problem

With your newfound leverage, be in the way that bold as to ask for a transcript of your contract the day the coverage begins. The six-month lag isn't going to chop it. If your representatives can't deliver, go on somewhere else.

For the twinkling of an eye the pricing cycle favors buyer Take advantage of it while you can. The advantageous times won't last forever. Buyer all know what's in store for them after the yielding cycle: the higher prices of the hard cycle

on the contrary for now, it's a buyers' market. Happy hunting.

Cyril Tuohy

Managing Editor

ctuohy@lrpcom

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