Welcome! Log In Create A New Profile Web Site Home
This Site is Unauthorized by Farmers Insurance Group. By accessing this site you are agreeing to the Rules/Terms


Contract Value

Posted by Farmers Agent VA 
Contract Value
January 16, 2020 03:17PM
I will appreciate if you could help me determine the contract value based on the agreement. This is what the contract says:

Contract Value is computed as the amount of service commissions paid to Agent on Active policies during
the twelve-month period immediately preceding the effective date of termination, times the multiplier specified in
the following schedule, minus any amounts owed to the Companies:

Number of Active Policies Percent of Service Commission
Below 50 0 %
50 - 750 25 %
751 - 1500 50 %
1501 - 2000 75 %
Over 2000 100 %

Farmers Insurance Rated Worst Farmers Insurance Sucks T-shirts Farmers Insurance Alternatives

Re: Contract Value
January 06, 2021 04:16PM
I see you are in VA as well. Same here.

What that says is they will basically pay you nothing. See agent self service and contract value for what they currently think youre book is worth on THAT scale.

Where is VA you from buddy?

Farmers Insurance Rated Worst Farmers Insurance Sucks T-shirts Farmers Insurance Alternatives


Your Email:


Spam prevention:
Please, enter the code that you see below in the input field. This is for blocking bots that try to post this form automatically.
This is a moderated forum. Your message will remain hidden until it has been approved by a moderator or administrator

Copyright 2005 -  FarmersInsuranceGroupSucks.com - All Rights Reserved 
This site is published as a public service to warn consumers of the business practices of Farmers Insurance Group.  This site is in no way affiliated, connected with, or sponsored by Farmers Insurance Group or any of its subsidiaries. All content and information on this site is my opinion or the opinion of those referenced. This site is for educational purposes. The information in the Complaints section or from other people, blogs or web sites  are provided at face value, we have not confirmed  any of these stories/opinions.  We are not responsible for accuracy in story content. Copyrighted material has been used for non-commercial purposes only.  By accessing this site you agree to immediately contact us to report any incorrect data or misrepresentations of facts. Links to any other sites are for informational purposes only and should not be considered an endorsement of the site.