Archives for credits

Between the wildfires raging across Texas, Sunday’s 10th anniversary of 9/11 and the two wars we’ve fought in between, we’ve had very clear reminders of all that our military and first responders (fire, police and EMT) willingly sacrifice.

In order to show our appreciation for and support of these brave men and women, we’re introducing a Military/First Responder discount in our Texas Elite program.

To apply the discount simply choose “Yes” on the “Military/First Responder Discount Applies” question on the Coverage Info page.

MilitaryResponder Discount Screen Shot

Military Responder Tip

Call Tony or Mike at 512.494.4161 x12 or x13 if you have any questions or need any additional information – and don’t forget our special wildfire disaster relief support program for the American Red Cross Central Texas office.

Credit scoring is here to stay in insurance, and for good reason:

For both personal auto liability and homeowners, credit score was related to claim experience even after considering other commonly used rating variables.

Typically, the claim experience for the 10 percent of policyholders with the worst credit scores was 1.5 to 2 times greater than that of the 10 percent of policyholders with the best credit scores. The magnitude of the variation… remains unchanged even after considering other commonly used rating variables. (TDI Supplemental Study on Credit and Insurance, 2005, p.2)

But that doesn’t mean it’s the right thing for all clients or all cases, and collecting credit information to provide a quote is definitely not always easy. At iMGA we’re all about EASY, so instead of relying heavily on credit – we offer its use as just one option.

Programs that Don’t Use Credit At All

At iMGA all of our admitted, San Antonio Indemnity Company-underwritten programs rate without using credit scoring:

  • MobileHome
  • TDP1/TDP3
  • HOA/HOA+
  • Vacant

Programs with Optional Credit Scoring

The Texas Elite Non-Admitted HOA/HOA+/HOB program offers the option of using credit scoring in rating. If you collect the insured’s social security number we will order an insurance credit score.

Be careful with this one, though – you have the option to not order credit score, but if you don’t the odds are very high that your insured will miss out on what could be a substantial discount. On one policy recently the difference was over $647, and we’ve seen it reach even higher.

Programs with Mandatory Credit Scoring

We don’t have any of those!

So choose your program and choose your option – credit or not. Either way, we make it EASY.

You heard that right!

A lot of agents have told us that their clients have been trained to search out multi-policy credits for their insurance. At iMGA we believe firmly that a client with multiple policies with the same independent agency will display many of the same retention benefits that a client with multiple policies with the same insurance company shows.

So, we’re very happy to announce that in our Texas Elite HOA/HOA+/HOB program you can now apply a multi-policy discount if the insured has another policy with iMGA or if the insured has another policy in your agency.

Simply choose “Yes” to the “Multi-Policy Discount Applies” question and your insured will benefit from having a policy with us – or with you.

Please try it out and let us know what you think!

At iMGA we work hard to make things easier for you and your clients.

Hail resistive roof credits are just one of the ways we do that. Metal, Cement Tile, Impact Resistant Composition and many other types of hail resistive roofs are allowed significant discounts in Texas.

Most companies require extensive, difficult-to-acquire documentation before applying a discount for these types of roofs, though.

iMGA will apply a Class 2 credit automatically to any qualifying roof type in our Texas Elite Non-Admitted HOA/HOA+/HOB program. That means a discount of up to 17% (depending on territory) – without any unnecessary paperwork!

So login now to quote any of our great Texas Personal Property programs (MobileHome, TDP1/TDP3, HOA/HOA+, Non-Admitted HOA/HOA+/HOB, and Vacant Dwelling).

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