News and Updates
Month: December 2018
The Importance of Proper Program Placement Group Rating Vs. Group Retro Program
Spooner Inc., has partnered with Virteom to engage our customers and users about our services and the technology behind the scenes. In our video series, Jacqui and Joe talk about what Spooner Inc., does and how it all works! This video is all about our program placement and getting the best placement for customers. Watch or read the transcription below! What is Spooner's Program Placement? Everything has to start with an AC3 form which is a temporary authorization, it allows us to give a company quote. There's no obligation or cost to it, but once we have that we're able to take a screenshot of a company's history and then see what's a good fit for them. There are two main programs that exist. The first is our group rating, this is an upfront discount. It's like you're safe drivers discount. Essentially, if you have not received any speeding tickets in a while, we'll give you a little bit of a cheaper rate. What is the Group Retrospective Program? Group retro is when you've had a couple of speeding tickets, but they monitor your driving to ensure you're a safe driver, so this puts more pressure on your driving performance. Based on your performance you can get refund checks. That's what the group retrospective program is. Below is a diagram to show you how it breaks down. Determining Your Rating and How It Plays Out | An Example On the left under group premium, it says 41 percent. Now, the most you can g
