OAIN: Agent Association Disappointed by Free Auto Insurance Deal
A representative from the National Association of Professional Insurance Agents told Online Auto Insurance News that a new promotion from GM and MetLife is undercutting agents’ role in the coverage-buying process.
Portland, OR, July 19, 2011 --(PR.com)-- It may sound like a good deal for car buyers and sellers, but a sales incentive that insures new General Motors vehicles for a year at no charge is hitting independent agents in the pocketbook, a regional association claims.
The promotion, which the auto giant is testing in Washington and Oregon, extends a free MetLife Auto & Home policy to residents of those states who buy a new GM vehicle by Sept. 6.
But while the no down payment auto insurance offer may seem hard to beat, it has officials at the Professional Insurance Agents Western Alliance calling foul.
Alliance Executive Vice President Clark Sitzes says MetLife is being “disloyal” to agents by removing them from the process.
“But there’s nothing we can do to stop it,” he told Online Auto Insurance News.
Insurance agents who traditionally broker deals between consumers and providers stand to lose substantial income because coverage is being worked out on the salesroom floor, Sitzes and other opponents contend.
The policies cover buyers of new GM vehicles for more than 500 percent of the minimum total liability that Washington and Oregon require and include comprehensive and collision protection that is not mandated in either state.
Source: http://www.oregon.gov/ODOT/DMV/driverid/insurance.shtml
Sitzes said he anticipates more problems down the road because criteria that insurers take into account—such as driving record—are ignored under the offer. Consumers need only buy a vehicle to be insured.
The alliance is not the only organization speaking out against the promotion. Other agents’ groups have taken issue with the offer over queries including how it would apply to motorists with policies for more than one car or truck and exactly how vehicle rentals would be covered.
Sitzes said his organization—which represents agents in Washington, Oregon and seven other states— plans to continue to voice its disapproval of the promotion, which GM officials have said they may try out on a regional basis.
To read more about this and other coverage issues, go to http://onlineautoinsurance.com/pay-monthly/car-insurance-no-down-payment/, where you will find informative resource pages and a free-to-use quote-comparison generator.
###
The promotion, which the auto giant is testing in Washington and Oregon, extends a free MetLife Auto & Home policy to residents of those states who buy a new GM vehicle by Sept. 6.
But while the no down payment auto insurance offer may seem hard to beat, it has officials at the Professional Insurance Agents Western Alliance calling foul.
Alliance Executive Vice President Clark Sitzes says MetLife is being “disloyal” to agents by removing them from the process.
“But there’s nothing we can do to stop it,” he told Online Auto Insurance News.
Insurance agents who traditionally broker deals between consumers and providers stand to lose substantial income because coverage is being worked out on the salesroom floor, Sitzes and other opponents contend.
The policies cover buyers of new GM vehicles for more than 500 percent of the minimum total liability that Washington and Oregon require and include comprehensive and collision protection that is not mandated in either state.
Source: http://www.oregon.gov/ODOT/DMV/driverid/insurance.shtml
Sitzes said he anticipates more problems down the road because criteria that insurers take into account—such as driving record—are ignored under the offer. Consumers need only buy a vehicle to be insured.
The alliance is not the only organization speaking out against the promotion. Other agents’ groups have taken issue with the offer over queries including how it would apply to motorists with policies for more than one car or truck and exactly how vehicle rentals would be covered.
Sitzes said his organization—which represents agents in Washington, Oregon and seven other states— plans to continue to voice its disapproval of the promotion, which GM officials have said they may try out on a regional basis.
To read more about this and other coverage issues, go to http://onlineautoinsurance.com/pay-monthly/car-insurance-no-down-payment/, where you will find informative resource pages and a free-to-use quote-comparison generator.
###
Contact
Online Auto Insurance
Gregor McGavin
909-784-2476
http://www.onlineautoinsurance.com/
Gregor McGavin
909-784-2476
http://www.onlineautoinsurance.com/
Contact
Categories