Common Mistakes and Best Practices for Shopping Insurance

agent is is okay so why every three years yeah well instead of shopping it every year I look at our industry as a small town because you know you typically only have so many insurance companies out there that will in effect write a certain class of business so if I send your your risk to the marketplace every year because you're demanding it because you want the best price every year and you move every time on price if you do that and some people choose to operate that way yeah the problem is is when you're going to market then the insurance companies have seen your risk they're not feeling like they're gonna get your business they don't work very hard to earn it they go I can't tell you how many times in the 33 years I've been doing this where they say you know what we've seen this every year we're gonna pass we're gonna decline they flat-out will not open up that file pass the name of the business because that particular business owner chooses to shop it every year so he's not doing himself any good so the business order or you tell me doesn't even know that the different insurance companies out there start to look at at the tire kickers yes angle we don't want this guy correct and so so by shopping every three years you can still get the best price but not get thrown into the sandbox yes so to speak hundred percent okay so that's a good link cuz there's guys out there shopping every year and they're actually hurting themselves yeah sometimes like I always say I have said to some of my some of my clients I so I need to save you from yourself because you you're destroying yourself at the marketplace I mean nobody really wants to write your account because they feel like if they write it one year and they have a bad year they're gonna lose you the next year and even if they have a good year they might lose you so there Doyle T is pretty big in the industry and it it is like a small town and they really manage that and good to know yeah thanks let's move on to the next point so I'll back up here again we're kind of moving forward we got property we got liability yep we have inland marine I'm kind of just touching on these areas of coverage and we have auto ok well on your liability you typically have 1 million per occurrence okay so 1 million per occurrence takes care of anything any bodily injury or property damage that you might do the business might do the auto typically has 1 million of liability and you asked earlier about an umbrella all the umbrella…