Choosing an insurance agent can be among the most important financial decisions you make. Why? Because your insurance agent has a tremendous impact on how easy and smooth your entire claims process goes. There are three types of insurance agents:
- Captive Agents
- Independent Insurance Agents
- Insurance brokers.
Captive insurance agents are employed by a specific insurance company to selling specific insurance products from that company. Independent insurance agents can represent multiple insurance companies. An insurance broker acts as the middleman between you and insurance companies. They are paid by you, not the insurance company so their job is to find you the best policy and rates for your situation. But they can not actually sell you insurance they simply arrange the deal for you.
Since independent insurance agents work with multiple insurers they can often get you a better deal than a captive agent that only has one company to choose from. Below are the benefits of working with an independent insurance agent for your insurance needs.
Independent Insurance Agent Expertise and Reliability
An independent insurance agent can demonstrate expertise in a variety of areas thanks to their diverse offerings from multiple insurance carriers. The best independent agents have a wide range of knowledge and experience in the insurance market. In addition, your agent will have access to multiple carriers that offer a wide range of products tailored to your insurance needs, allowing them to provide you with truly unique insurance coverage at the best possible price.
Competence and Accessibility
An independent insurance agent will get to know your personal and business history to ensure they know how to protect you on all levels. Your insurance agent can answer any questions you may have about your policy and how it affects your life. They can also be a great resource for information about new insurance products.
Flexibility
Because an independent insurance agent represents you, and not just one insurer, they can review all the available options for your insurance needs and recommend the best solution. Your agent will help you choose the coverage that fits your individual needs, protecting you from loss and damage while saving you money. This is a much better option than limiting yourself to a single provider, as their offerings are usually limited.
Affordability
Choosing an independent agent can save you money in many ways, especially when it comes to getting an insurance quote. Your agent will find the best rates from multiple providers to ensure you get the best deal every time. In addition, your independent insurance agent will work to ensure that your policy isn’t subject to any unforeseen fees or charges after it’s already been issued. Most independent agents don’t charge you a fee and instead get a commission from the insurance company.
Bottom Line
Working with an independent insurance agent means more flexibility and choices for your business and personal insurance needs. In addition, you’ll save money on every policy you purchase because your agent will work with many providers to find you the best possible deal that suits your unique needs.
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