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Free Renter Insurance Pt. 2

So – refer to Part #1: Growing up is Expensive! – Can I get Free Renter’s insurance? to remind yourself of Mark’s situation.  It is true, growing up can be expensive, but let’s see what Mark’s insurance broker, Jack B. Wicked has to say about that.

“Mark, so as I said, the initial price for insurance for renters is $350, but I have some really good news for you.  By combining your car insurance and your tenants insurance with the same insurance company, I can get you a discount on both.”

Not fully understanding, but frustrated with how he is going to get through each month with less money, Mark asks his Broker to email him details so he can think about it and make a decision.  Mark thinks to himself, “Nobody gets something for nothing in this world – so how can my insurance broker suggest that I can get renter insurance for nothing.”

Later that afternoon, he gets the email from Jack.  That email is shown below.  Give it a read and see what you think Mr. Smartypants should do.

From: Jack B. Wicked
Sent: Thursday, December 7, 2017 12:43 PM
To: Mark B. <[email protected]>
Subject: Re: renter insurance

Dear Mr. Smartypants,

Thank-you for putting your trust in Rhodes & Williams Insurance Brokers for your auto insurance and considering us for your renter insurance needs as well. I have worked out your pricing, but want to explain all the details.  I provided you with coverage and company recommendations over the phone, and the package you decided on was an annual cost of $350 with the same company that we have placed your car insurance.  The great news is that by doing so, we could allow you to take advantage of the multi-policy discount, which I began to explain to you over the phone.  So here are the details:

Your current car insurance policy has an annual premium of about $2800 or $235/month.  Keep driving safely and as you get more experience, we will be able to find you savings.

A stand-alone renter policy for what we discussed would be about $30/month, however the multi-policy discount with this company is 20% off your property policy, so that would lower your monthly payments to about $24.  This company also offers a multi-policy discount of 15% off the car insurance you already pay, for a savings of about $420 a year!

So… please let me know if you would like to continue your current payment of $235/month for just car insurance… or would you like to add the additional coverage for car insurance AND rental insurance for a LOWER OVERALL COST of $224/month.  That is a total annual savings of $135, with great protection.

Please let us know how you would like to proceed


The Rhodes & Williams Group of Companies

  Jack B. Wicked CAIB
Personal Lines Account Executive [email protected]
: 613-226-6590  | F: 613-723-6445 | Toll Free: 1-888-391-8379

The Rhodes & Williams Group of Companies

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