How Can a Letter of Experience Insurance Template Help You Save on Insurance?
Shopping for home or car insurance can be stressful. Comparing quotes from multiple companies gives you a better idea of the premium rates you’re eligible for.
A letter of experience insurance template allows you to get lower premium rates!
But how?
Insurers assess your eligibility based on many factors, including your driving record and previous insurance report. This letter is a reference from your past provider stating you pay your premium on time!
Of course, the insurance letter of experience does more than that! And this blog discusses everything you must know about this concept!
Let us dig in!
What Is a Letter of Experience for Insurance?
An insurance experience letter is a document you may request from your past or current insurance provider. It highlights your history with the company and that you are an insured driver or homeowner.
This experience letter insurance proves you were/are a policyholder with a specific agency. If the report is positive, you may get high discounts on your premium prices!
Ensure you have the letter before applying for property or car insurance. It saves time because you can send the report to the insurance agency when asking for a quotation.
The best part is that requesting a letter of experience in auto insurance only takes a few steps. Most agencies send these letters to all clients hassle-free!
If you run an insurance company, try PostGrid’s direct mail API to prepare and ship experience letters to all clients. You may complete the entire process online—without doing anything in-house and saving your staff’s time!
When Do You Need an Insurance Letter of Experience, and What Details Does It Have?
You may face many situations when an insurance experience letter would be helpful. Here are some examples:
- You moved to another territory or province. Moving means you may need to change your insurance provider. A letter of experience car insurance template can allow you to apply elsewhere and get the best quotations.
- You recently moved to Canada. In this case, changing your provider becomes mandatory. An experience letter of insurance from your last provider in a different country proves you were an active policyholder.
- You were not the primary policyholder. Most agencies quote high rates to people sharing policies with a family member or roommate. A reference letter allows you to prove you shared the premium payments, letting the agency quote you better prices.
- Your insurance company has incorrect details about your policy in their system. Requesting a letter of experience for insurance pushes them to cross-check your information and update the records.
- You had a coverage lapse. Insurance companies ask for verification details when they notice a default, making an experience letter critical to your application.
Now, you may wonder what information a letter of experience insurance template has. Here is a list of all contents:
- Your property location (for home or office insurance).
- Your car details, including its model and number (for car insurance).
- The policy number with its start and end dates.
- Details on the insured person or people (if the policy lists multiple drivers or property owners).
- Insurance claims history.
- Reasons for policy cancellations (if any).
- The premium amount with the number of months you have completed.
Insurance agencies can draft their insurance letter of experience with PostGrid! Our direct mail and address verification solutions ensure the letters reach the correct recipients on time!
Also, our API integrations allow you to fetch the relevant client’s details from your CRM and auto-fill them in your letters. It is the most time-saving and effective method to draft and ship your experience letter insurance mailers.
Also Read: Policy Change Letter
How Can You Send a Letter of Experience for Insurance Without Interrupting Your Daily Schedule?
Automation allows insurance firms to complete their day-to-day tasks online. It guarantees better efficiency, boosting profits and improving client relationships.
PostGrid can help companies in this industry automate their print and mail tasks! They do not need to find an auto insurance letter of experience template on different websites. Nor do they have to buy a high-end printer or get their team members to sign every letter manually.
Our direct mail API can fulfil these tasks on your behalf! Here is how you can prepare and send your letters by outsourcing direct mail to us.
Compliance
PostGrid lets you comply with industry-specific regulations and securely send your letter of experience for insurance mailers.
You can prepare your letters on your CRM using our API integrations and pre-built templates. Or upload or export your files to follow the same layout you have been using!
List Verification
Our address verification capabilities allow you to cross-confirm your mailing list accuracy. PostGrid combines the Canada Post SERP database and NCOA files to verify your addresses are deliverable. Thus, you can send the experience letter insurance to the correct destinations and prevent data leaks or reshipping costs.
Insurance companies use our automated direct mail services to create targeted mailing lists. Our solutions also enable them to update their databases for marketing, record-keeping, and other reasons!
Print Delivery Network
PostGrid’s reputed PDN helps you print and ship your insurance letter of experience mailers in one go! All you need to do is select whom you want to mail and how many items you need. Then, place your order! We handle everything from production to getting your letters to your recipients’ mailboxes.
On-Time Deliveries and Tracking
Our direct mail solutions let you automate many tasks, including
- Printing the letter of experience for insurance mailers
- Presorting the items
- Adding tracking barcodes
- Affixing postage
- Sticking labels and assembling all letters
- Taking them to the Post Office for shipping, and
- Tracking real-time progress and accessing reports
Since we verify your mailing lists beforehand and presort letters, Canada Post can complete deliveries faster.
On-Demand and Bulk Mailing
Your insurance company may send an insurance letter of experience whenever a client requests it. Or you may prepare and ship these items in bulk to all existing policyholders.
PostGrid can assist you with your direct mailing activities either way!
Our on-demand mailing services let you mail one or thousands of pieces under the same campaign. You do not need to pay extra or wait to merge the letter of experience for an insurance policy with a large-scale campaign. Draft and ship whenever required at the per-piece rates!
PostGrid also enables you to send experience letter insurance mailers in bulk. Thus, there are no restrictions on the mail volume whatsoever!
Our scalable API and software can process millions of requests simultaneously. It lets you become flexible and place orders based on your needs.
Also Read: Patient Insurance Termination LetterAuto Insurance Letter of Experience Template
We have added an insurance experience letter template below for your reference. You can use it or download our HTML and PDF templates online to draft your message.
Your Company Letterhead
[Date]
[Policyholder’s name]
[Mailing address]
Subject: Letter of Experience for Insurance
To whomsoever, it may concern,
This letter is to confirm that Mr./Ms. [policyholder’s name] carries an auto insurance policy with our company. Their policy number is XXXXXX, and the insurance is for the following vehicle:
- [Vehicle number]
- [Vehicle type, model, and year]
The auto insurance policy has been in effect since [start date] with no coverage lapse.
Below are the other insured drivers under this policy:
- [The second insured person’s name]
- [The third insured person’s name]
By signing the letter, we indicate the above information is correct. For more details, contact [name of the concerned agent] at [phone number] or drop an email at [email address].
Warm regards,
[Signature]
Select PostGrid as Your Direct Mailing Partner to Automate Your Offline Communications.
Your insurance company can integrate our direct mail API into your CRM or website to send compliance, transactional, and marketing documents. Apart from insurance letter of experience mailers, they can ship:
- Cancellation notices
- Collateral protection insurance notices
- Renewal declarations
- Lender-placed policy letters
- Monthly or quarterly billing statements
- Explanation of Benefits (EOB) statements
- Policy reinstatement letters
- Marketing postcards
- Client appreciation letters
- Cross-selling or upselling promotional mail pieces
We enable you to draft an effective and personalized letter of experience for insurance and other documents. You may add variable data and more customizations, like your brand logo, location, contact details, and more!
Please note you can avail of our address verification services for free when you launch a mailing campaign with us. It ensures you send the letter of experience auto insurance without delays or mail returns.
You can also avail of other address validation benefits, like
- Error-free and seamless claims processing
- Client onboarding
- Data enhancement
- Fraud detection
- Claims intake
- Finance calculation
- Customer record collection
- Location-based promotions
- Geocoding
Save your staff’s time and help them focus on crucial business-related areas. Using PostGrid, team members can drive sales and improve client satisfaction. They need not worry about how to create a letter of experience insurance template or what to include.
Request a demo or drop an email at sales@postgrid.ca to learn more about the letter of experience insurance template and mailing automation!
