What Instant-Issue Insurance Policies Actually Buy You

Those instant-issue insurance quotes you can get online in five minutes look great on price. But cheap and fast works fine right up until you need the policy to perform.

In this episode, Megan and Ashley talk with Jake Martin of RMC Group’s Property and Casualty division about what’s really behind the low premium, and what business owners are quietly giving up when they click “accept.”

What You’ll Learn

• Why algorithm-generated policies are priced to deny, not to pay
• The everyday coverages these policies often exclude or cap so low they’re meaningless, including assault and battery, hired and non-owned auto, and equipment breakdown and spoilage
• How warranties and conditions, like requiring a monitored alarm, can lead to a denied claim
• What a real risk review covers: liquor liability limits, lease-required endorsements, extended business interruption, and EPLI that fits how you actually operate

➡️ Listen on Apple Podcast

➡️ Listen on Spotify

➡️ Watch on YouTube

Key Takeaway

Most owners don’t discover what their policy leaves out until they’re in the middle of a loss, which is the worst possible time to find out. A conversation with someone who will read the policy with you can surface those gaps while there’s still time to fix them.

Other Resources

• Have your current policy reviewed! Jake and the Property and Casualty team are happy to walk through an existing policy and show you where the gaps are. Schedule a time with Jake.

• Blog: Protect Your Business on the Road: Understanding Hired and Non-Owned Auto Insurance >> Read Here

• Follow us on social networks at @rmcgp on LinkedIn, Facebook and Instagram