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What is the Commission in % for agent in Premium amount????
jacknetlogin
Posts: 5 Forumite
Hi...
please reply exact answer for this...
Thank you
please reply exact answer for this...
Thank you
0
Comments
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42 is the answer.
Not sure what the question is though...
I am sure someone that knows what they are talking about will be along shortly.Thinking critically since 1996....0 -
If you mean how much of a premium is made up of the advisors commission, there is no set answer.
Its dependent on so many different things (the insurer, the deal the broker has with the insurer, the type of policy among other things).
On the back page of your quote it will tell you how much commission the broker will be receiving - it doesnt always mean the broker will receive the full amount. I only receive about 60% of that figure.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
More if you dont haggle on the price.. A broker can use that comission to give you a lower premium.
So the exact answer is 1p upwards.. Although at 1p i think he may go bust.
Who cares??? If you dont like the price then go elsewhere.
Same with everything. your £700 TV may cost £39.99 to build in some backstreet sweatshop. If you dont like the price then go elsewhere.
I used to deliver for a company that supplied trade fitters. Sometimes we got home deliveries to their customers. Some would ask how much the units cost.
WHY? You paid for the goods service already so its a bit late to shop around or haggle.Censorship Reigns Supreme in Troll City...0 -
Depends on the broker, i dont know many prepared to reduce their commission, your on a hiding to nowhere if you do that...i personally wouldnt.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Fancy telling us what class of insurance you are referring to?jacknetlogin wrote: »Hi...
please reply exact answer for this...
Thank youI am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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