Insurance agents: If your customers drive their cars to Mexico, don't tell them to get their Mexican auto insurance at the border!

Mexican auto insurance, sometimes called Mexico 'tourist' auto insurance, isn't only an excellent product for earning some extra commissions. Mexican auto insurance also can be an exquisite tool for attracting new customers and for building customer loyalty together with your existing clientele. With the assistance of the web , writing Mexican auto insurance has never been easier. So if you've got customers who drive to Mexico, your agency must get appointed to supply Mexican auto insurance.

How to get appointed to sell Mexican auto insurance

There are variety folks based MGAs (managing general agents) who will appoint independent insurance agents to sell Mexican insurance. If you've got a legitimate property casualty insurance license and a current Errors and Omissions policy , most MGAs will gladly appoint you to sell their Mexico insurance products. The appointment paperwork is typically very simple, and therefore the appointment procedure can usually be finalized in but 24 hours. a number of the higher MGAs who have their offices streamlined can have you ever signed up and prepared to sell in but an hour. Many MGAs haven't any production requirements, so agents shouldn't feel any pressure to satisfy sales volume commitments.

How to write a Mexican policy

Mexican auto insurance is one among the simplest products for insurance agents to write down . Now that the majority of the decent MGAs have internet based agency websites, agents can issue Mexico insurance policies in but 5 minutes. Most Mexico insurance agency websites will allow you to login to your online account using and agent code and password. Once logged in, agents can generate quotes or issue policies in real time. Most agents find that writing Mexican insurance through the web is as easy as buying an plane ticket online.

Agents who can enjoy selling Mexican insurance

Many agents incorrectly assume that only agents who are located near the Mexico border will enjoy selling Mexican insurance. Although many Mexican insurance policies are still sold at the border, the overwhelming majority of policies are now being purchased by customers well beforehand of their Mexico road trip. In fact, many of the foremost successful agents who sell Mexican insurance are located in states that don't even share a border with Mexico. Agents in states like Oregon, Washington, Colorado, and Illinois, are liable for producing an outsized percentage of sales for the Mexico 'tourist' auto insurance industry. If you've got any customers or potential clients who drive their cars to Mexico, you're doing yourself a disservice by not having the ability to supply this product.

Commission potential

Many of the Mexico insurance MGAs offer between 20%-30% commissions to agents for written policies. for several agents not located near the Mexico border, their clients tend to require longer trips to Mexico starting from a couple of weeks to a couple of months. a 3 week Mexico policy can easily generate a $200-$400 premium which might end in a $60 to $120 agency commission. Although you'll not be ready to retire on this revenue, 5 to 10 policies per month would definitely pay quite the electrical bill for your office. Some agents can also elect to reinforce their commission with a broker fee. And remember, each policy usually takes but 10 minutes to issue and requires almost no servicing once the policy is issued.

Advantages of offering Mexican auto insurance

Mexican auto insurance also can work as an excellent marketing tool for your agency. Many agents find Mexican auto insurance to be an excellent product for attracting new customers. Once the word gets out that your agency can provide Mexican auto insurance, you'll find new customers stopping by your office before their road trip to Mexico. Once you solve their Mexico insurance need, most customers are happy to debate the chances of working with you for his or her domestic insurance needs also . Mexican auto insurance is additionally an excellent tool for building customer loyalty and retaining your clients. If you offer Mexican insurance, your customers are less apt to go to your competitor who does offer Mexico insurance.

In summary, if you're looking to grow your insurance agency, or simply retain your existing clients, you ought to seriously consider getting appointed to sell Mexican 'tourist' auto insurance. you'll presumably find it to be one among the simplest and most advantageous products your have ever sold.

Jeff Nordahl is President of Adventure Mexican Insurance Services. He has revolutionized the Mexican insurance industry by developing internet-based software for insurance agents to simply sell Mexican insurance through the web . within the last 10 years, Adventure Mexican Insurance has become one among the most important and hottest Mexican insurance MGAs within the industry. Visit our website http://www.mexadventure.com where you'll learn more about becoming a Mexican insurance [http://www.mexadventure.com/Agents/Mexican-Insurance-Agent.cfm] agent.