Insurers, Post Your Policies

Every insurance company should post every policy form on the Internet – every policy form and every endorsement.  Every application form too.

These are not state secrets.

For you green-ees out there, how about giving insureds the option of getting policies by pdf file?  Save a few trees (if you’re so inclined).

Now I realize that my life is different from most out there.  I deal with hundreds of insurance buyers, well over 2,000 policies, multiple agents, and multiple insurers.

It sure would be nice to be able to get easy access to policy forms without having to ask agents, who ask underwriters, who ask clerks, who ultimately send it to the agent, who sends it to me.

While I’m reshaping the insurance world…

Why not print line numbers on insurance policies so when we are discussing coverage its easy to be at the same place?  The old fire policy has numbered lines.  Why not the new CGL?

How about more coverage examples within policies?  Chubb started doing that in the 1980s.

How about policies without 150 endorsements?  Why not just update the policy forms.  It’s not like anyone is going to a print shop to have these things printed out.

How about spitting out multiple options when you generate a quote?  How about a proposal from an insurance company that actually suggests coverages to consider?  “Why not consider blanket property insurance?  The extra premium is $xxx.”

Why do I have to ask for $1,000 deductible, $2,500, $5,000 and $10,000?

Why not just quote a $5m, $10m, and $15m umbrella automatically?

Instead of just quoting $250,000 of employee dishonesty coverage, why not go ahead and quote options to $1,000,000 with 5 different deductibles?

The world of insurance does not need to be mysterious.  Put information out there and let your customers decide.