I have a few uncles in insurance. Well, some I know still do that and some, I’m not sure what the heck they do. They have boat loads of money though. I should probably be nicer to them haha
Anyway its like anything else; they highball who they can and more often than not they get away with it because, for some reason, people don’t haggle with them much if at all.
I know when my parents’ house caught fire, they came out at the end smelling like roses. It was all in who the claims adjuster was. For us, it was my uncle. Yeah buddy, that helps some.
I wish I knew more about the whole thing but to be honest, my uncles are mostly rich snob types and I don’t care for their company nor their constant evaluation much. I’m proud of what I do, but I don’t have what it takes to impress them. Frankly, I don’t want what it takes to impress them. I’m good, thanks.
Anyway, I went through all this because I know alot of people are confused about insurance and end up getting bullied by headstrong jerks like my uncles (some of them anyway). So just remember, YOU ARE THE CUSTOMER. They need your business so they can afford that new “bling” to rub in someone’s face. If you’re not a super high risk, keep fighting for lower rates. You’ll be surprised.