You Can Get Insurance Coverage, But…
Last week I recorded a conversation with the insurance broker Alex Shkolnikov about current state of the Insurance business. After the interview I received many questions. Therefore, I invited Alex back to find out what are the clients’ options and to share his thoughts with my website readers and YouTube viewers.
You are probably aware that many major insurance companies left California. That means that if someone needs new insurance policy on the purchase or to renew the existing one, the process even to get a quote might take as long as two months. This creates issues, especially for the purchase transactions. We cannot qualify the client before we know how much the monthly insurance will cost. At the same time real estate agents need to write purchase transactions for the closing by a specific date. And what if there is no insurance policy yet? And what if the client is not qualified with a higher monthly insurance cost?
So, what is the good news? I lived all my life following the adage “Where there is a will, there is a way.” I will keep you posted.
Meanwhile you can reach Alex at (415) 819-8006. His email address is alex@rmg360insurance.com.
And if you have questions regarding mortgage, please contact me:
cell: (415) 225-7920;
email: mannykagan@comcast.net.
Enjoy and share with a friend!
Manny Kagan,
President,
Pacific Bay Financial Corporation
NMLS #205637
DRE #00824602