The Rundown
At Catalyit Live’s webinar, “The Homeowners Insurance Crisis,” Lauren Crosby of Catalyit sat down with BriteCo’s National Agent Sales Lead, Ben Gillespie, to unpack a harsh reality: homeowners insurance premiums have surged as much as 70% since 2021 — squeezing agents, brokers, and clients alike.
The Context
- Climate change and expanding high-risk zones are driving steep premium hikes and tighter underwriting.
- Clients are feeling sticker shock, forcing agents into tougher renewal conversations.
- Gillespie urged agents to rethink strategy — including raising deductibles, bundling or unbundling policies, and recommending standalone jewelry insurance.
- Standalone jewelry policies can offer broader coverage, lower premiums, and prevent claims from impacting homeowners rates.
- Education is key: Clients who understand their options are more open to smarter coverage adjustments.
- Agents can easily integrate BriteCo’s standalone jewelry coverage into their portfolios, with demos available upon request.
Why it Matters
Rising premiums aren’t a short-term blip — they’re reshaping the insurance landscape. Agents who proactively educate clients and diversify coverage options can turn a crisis into a retention and revenue opportunity. The full session is available in Catalyt’s on-demand vault for those ready to adapt.
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