(Image credit: Dollar Photo Club.)
Insurance Noodle, an online, agent membership-based insurance distribution platform, has debuted homeowner’s insurance quoting capabilities. Having provided agents with small commercial insurance quotes for 1,200 risk classes, Insurance Noodle now enables them to quote standard, difficult-to-insure, and high-value homes, as well as renter’s and condominium insurance, according to a company statement.
Insurance Noodle characterizes its new offerings as addressing a historical dearth of options for agents seeking homeowner’s, renter’s, or condo insurance for their clients. Geographic variability in a given carrier partner’s risk appetite often presents agents with the difficulty of filling a gap for a given type of policy, so having ready availability to other carrier offerings can make the difference between conveniently placing business or having to turn it over to another agent who can.
“With Insurance Noodle’s robust technology, agents use a single application to obtain homeowner’s quotes from multiple carriers for an extremely broad risk profile,” comments Ralph Blust, president, Insurance Noodle. “Essentially, if their client owns a home, we can get it covered.”
Insurance Noodle’s homeowner’s portal lets agents quote risk through a universal application and delivers bindable offers with speed, the company says. Blust predicts that agents will be able to quote hard-to-place risks and homes worth more than $2 million within a couple of days, while standard homes can see quotes in minutes. Traditional insurers take weeks to bind a homeowner’s policy.
“In commercial lines, our members benefit from our speed and accuracy,” Blust adds. “We are simply extending this experience to personal lines. Agents no longer have to wonder if they can meet their clients” deadlines. Submit the risk through Noodle, and there will be a market.”