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ACORD WARS Episode I: The ACORD FORMS Strike Back!

September 15, 2016  |  Posted by Nick Peterson  |  4407 Views


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There is one question that has plagued insurance professionals throughout the galaxy: is quote speed or accuracy more important?

Trick question! Agents and insureds want (and need) both, and the skills of a Jedi aren’t needed to consistently provide them. Although it would be pretty cool to use a light saber at work.

The solution lies in the hands of insurance agents. While some may feel that completing an ACORD form will set them back in the quoting process, not completing it may cause them to leave out necessary information for accurate pricing. However, if Jedi Master Yoda were here today he would say, “Save you valuable time, filling out the ACORD will.”

Now we know what you’re thinking. Sense this makes no.

But the truth is that giving underwriters more of the good stuff and less filler will save an insurance agent more time in the long run. There is a minimum of items that an agent must include in an ACORD and prioritizing the importance of specific sections can become a delicate balance. Let’s break down the ACORD to better understand the ins and outs of this industry standard that seems to follow us wherever we go.

There are a few things that can be done to get the most out of the “mandatory,” saving the agent valuable time. The answers depend on which forms are being completed and for which specific policies.

Here is a guide to navigating around the black holes of the ACORD and delivering the fastest quotes in the galaxy. 

Stay tuned for Episode II: Desired but not required: What to complete and what you can leave on the dark side, coming soon. May the forms be with you!




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