The importance of a good cover letter!
Underwriters appreciate a cover letter; it speeds along the underwriting process which makes for a happier underwriter. It also gives the agent and the insured a chance to put a positive spin on anything that might been seen in a negative light.
The five most important points to cover are:
#1. What is the purpose of the insurance?
#2 What is the total amount of business insurance in force?
#3 What is the total amount of personal insurance in force?
#4 Provide details on any insurance you might be replacing.
#5 Any personal information that might assist the underwriter in making a favorable offer.
It only takes five minutes to write a short cover letter but it can make a big difference in the underwriting process.