Hunter Nelson explains that underwriters, not agents, control insurance pricing. Getting them your last 3-5 years of loss runs and detailed vehicle information with VINs quickly matters: delays near renewal can cost thousands in lost coverage options.
You want to make sure you got the information to your agent because if you're late on getting it, they're going to miss out on options because unfortunately it's not up to them on what the price is or what's needed for a quote. It's up to the underwriter. And if it's 1 week until your renewal and you just got your financials or IFTTTAs, well, shoot, you just missed out on options and you might have cost yourself thousands of dollars throughout the process. You need your last 3, sometimes last 5 years of loss runs. A loss run is a document that shows your claims. Even if you don't have any claims, it's a document proving you'll have any claims. Unfortunately, will not take your word for it. They need the information what you guys have for your business. They're gonna need the obvious, the driver information, vehicle information, or the truck trailer information. Now when it comes to that stuff for truck and trailer, it's VINs and values.
