Do You Need an Independent Insurance Agent?

insurance agent

Insurance marketing promise significant savings, comprehensive coverage, and quick resolution to claims. While it’s easy to be lured by these advertisements, you need to do extensive research before purchasing protection for your life, finances, and assets. You have to browse for options, investigate every company’s reputation, read through their policies, compare prices, and a lot more.

Luckily, you don’t have to do this complex task alone. Independent insurance agents will do it for you and help you get the best value for your hard-earned money. Here are some reasons to get them to handle your insurance needs.

1. They offer more choices

Independent insurance agents are free to represent an array of providers. On average, one agent offers policies from 5-8 insurance companies, so you’ll have a variety of options with different price points. You don’t need to fill out separate application forms to get several quotes and make a comparison. The agent has various connections in the industry and has expertise in the insurance market so he can do smart shopping for you.

An independent agent can be your one-stop-shop for your insurance needs, may it be auto, business, life, health, or home coverage. He does not work for the insurance company; he works for you. Thus, you have peace of mind that he’ll find you the right coverage at a price you can afford.

2. They simplify the complexities of insurance jargon

client and agent

The insurance industry contains a lot of jargon that an ordinary consumer can not understand. Reading through and understanding a 50-page contract with unfamiliar words is still tricky, even with the help of Google. For someone who doesn’t deal with insurance daily, the subject can be complicated, intimidating, and confusing.

A licensed agent will give you a simple and accurate explanation so that you’re able to make a smart decision. He will tell you the coverage, exclusions, limitations, and deductibles of your policy. Purchasing insurance from an independent agent is not a one-time transaction. He will be your lifetime personal adviser and will be available to answer your queries, update your coverage, or recommend a better policy.

3. They provide claims assistance

Filing claims can be tedious and involve stressful phone calls, and unlimited paper works if you have little idea about the process. One benefit of buying insurance from an independent agent is that he will assist you throughout claim submission. He can advise you on the required documents, help you fill out forms, and tell you if the claim amount is reasonable.

4. They do a risk assessment

Your independent agent lives where you do. Thus, he knows the potential risks that affect your assets or business. He can help you determine the risks that are worth insuring.

Buying insurance can make or break your financial well-being. You wouldn’t want to take chances when protecting your life, family, and most valued investments. It’s brave to take full responsibility for buying coverage. However, it’s wiser to rely on an industry expert who has the experience and expertise in handling the coverage you need. And in the world of insurance, it’s always better to be wise than to be brave.

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