Advice on becoming an agent

by Guest » Wed Jun 18, 2008 06:17 pm
Guest

I noticed on other posts here that many of you folks are very generous with advice, even to newcomers, so I wanted to ask for opinions. I'm 42 and semi-retired from my job as a consultant, and am considering becoming an insurance agent in a coastal Florida town, where I live. One of the biggest motivators I have is that I and all of my business contacts here feel very poorly served by our current group of agents. The usual larger firms are here, and 4-5 independent agencies, but you'd be hard-pressed to find anyone who was truly satisfied with their agent(s). I own a number of residential and commercial properties, and the list of troubles I've had with the agents and their employees is too long to type.

So seeing a need, I'm looking into filling it. The focus in this area would be more on property and liability, and less on life and health, as there are loads of rental units here, and many people live elsewhere primarily.

I'm not looking to make tons of money, just provide a great service at reasonable profitability. And perhaps to reinvent myself a bit with a whole new career.

Here are my questions:

1. Am I crazy to think I can do all the bookwork/licensure and then start my own agency?

2. Is it wrong to expect a reasonable profit if the majority of the policies are property and liability?

I'd appreciate any comments or opinions. Thanks.

Total Comments: 12

Posted: Tue Mar 24, 2009 01:55 pm Post Subject:

Dan, if you are really willing to work as an insurance agent you need to do some research. What I mean is first of all decide can you handle the paperwork. Insurance is all about paperwork. Once you start working you need to handle all the paperwork properly.
But if you really love this work you will automatically start putting efforts to grow :!:

Posted: Tue Mar 24, 2009 02:24 pm Post Subject:

Insurance is all about paperwork



i agree with horizon..if you are an old horse in the field of insurance and know how to succeed quickly, then start searching for someone who will be handling your paperwork... Insurance involves lot of file handling and other stuff, keeping yourself up-to-date with your client's status and his current needs...

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