The importance of a good cover letter!

Posted by Eric Gronlund on Mon, Jul 12, 2010 @ 04:37 PM

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.