Insurance Services From A Recognized Organization
Join 1000's of Authors at StreetArticles Today!

There is certainly no lack of insurance companies in the United States. From big name companies that hold hundreds of thousands of policies, to the smaller ones that sell just a few hundred policies each year, there are several options to choose from. Once you have decided to obtain an insurance policy for you, your family, your house or your business, how will you go about choosing the right insurance agency?

Why It’s Important to Choose the Right Insurance Agency

Whether you are buying a new house, starting a business or safeguarding your property, choosing the right insurance coverage will provide you with the financial back-up that you need in case you fall on difficult times.

Associating with the right insurance company means that you get professional assistance at any hour and prompt financial help.

Choosing Between an Independent Agency, Insurance Broker or Captive Agent

An independent agency will have contracts with different insurance companies, while a captive agent will work for only one insurance company. An insurance broker will act as your representative in order to find local insurance providers that offer the best possible coverage.

Remember that both captive and independent agents are representatives of the insurance company and they will receive commission for whatever policy that they sell. The service of an insurance broker should be considered if you have complicated insurance needs. A broker always charges for his/her service.

It’s always a good idea to do your homework when it comes to researching insurance policies. While nearly every insurance company is safe to invest in, the law has certain requirements such as having large reserves; therefore, doing prior research is still advised. Choosing the right company means getting the best treatment. Moreover, there will be less hassles when filing a claim.

Comparison Factor

Although several insurance brokers and agencies may pitch great offers, be careful that you choose the right agent. Perform an online search and compare prices. Also, reading customer complaints is a good way to judge an insurance company. Give priority to the company with the least complaints.

Benefit Comparison

No two insurance policies are the same. They each offer different benefits and they all provide different coverages. Consider these factors when comparing insurance benefits:

  • The cost for a co-pay, out of pocket limits and deductibles
  • The amount the insurance company will cover in the case of an accident
  • If the insurance is suitable for your needs
  • The price of the premium

Determining Objective

Identifying the need for insurance is important - for individuals and businesses both. Ask yourself why you need insurance, and then figure out the important, as well as unnecessary factors in the policy. There are some insurance covers that come with the combined benefit of auto, medical and home insurance. Determine what it is that you need and then find out if the insurance policy will provide you the expected coverage.

Ask for Referrals

Referrals are a great way to hire someone that is reliable. Ask your friends, relatives, colleagues, neighbors and acquaintances what insurance companies they have worked with. The first question to ask is why they like a particular agent or agency. Also inquire about the service standards, how soon their claims were settled, about whether their insurance rates increased or decreased, etc.

The Internet

The first place that most of us turn to for information is the Internet. There's a huge amount of data available online in order to consider the above discussed points and not deviate from the purpose.

Trade Associations

Talk to trade associations or other business owners to get names of the recognized insurance organizations. Chances are that they might have taken the services of an insurance agency for similar needs.

Also consider:

  • The quality rating of the insurance company
  • Financial strength, assets etc.
  • If the insurer specializes in certain insurance coverage
  • Does the insurer give discounts for multiple policies?
  • The company's record for claim refusal

What to Expect

Instead of finalizing on the first agent that you meet, be sure to speak with a few agencies in order to make an informed decision. After shortlisting your list of agents and setting up a meeting, be sure to ask the following:

  • Ask all of the questions that you have that is related to the insurance. If the agent is unable to answer all of your questions at the moment, then he should get back to you to clarify them later. If an agent is unable to answer certain questions even after getting back to you, then these are all reasons to say no.
  • One of the major benefits of seeking the services of an independent agency is the choices of coverage that you get. Also, see if the agent is helping you evaluate the options and choose the best one.
  • If the agent is not clearly answering your questions regarding the company or the insurance coverage, then think again.
  • The agent should not pressure you to choose a certain policy or to go with his company.

And finally, it is advised that you never buy an insurance policy in a hurry. An insurance policy is financial security that you are buying for yourself, your family, your home or your business. For this reason, everything should be carefully analyzed before making a decision.


Street Talk

No comments present
You May Also Like
The Most Basic Kind Of Business Insurance Frisco TX
Business insurance Frisco TX is available for every kind of business, no matter what insurance needs your business might have. Every company fulfills a different function, and depending upon those activities each business will require different kinds of insurance to properly cover their employees. When choosing the right insurance, it…
By: Ellen M. Hahn in  Insurance  >  Agents Marketers   Mar 17, 2016  
0
  Likes: 0

Tips For Finding The Best Life Insurance Frisco TX
There are probably a 100 good reasons to purchase life insurance Frisco TX. Preparing for the future is sure to be near the top of that list. We just do not know what the future will hold for any of us. Regardless of the reasons there are some important tips…
By: Ellen M. Hahn in  Insurance  >  Agents Marketers   Mar 17, 2016  
0
  Likes: 0

Life Insurance Frisco Tx: Prepare For The Unpredictability Of Life
Life is unpredictable and doesn’t always go the way we want it to – sometimes accidents and illnesses happen that can change lives suddenly. Because of that, there’s life insurance in Frisco TX. Life insurance is a way to prepare for the unthinkable and the unpredictable. It’s a way to…
By: Ellen M. Hahn in  Insurance  >  Agents Marketers   Sep 29, 2015  
0
  Likes: 0

How To Sell Final Expense - How Final Expense Commissions Work
Part of learning how to sell final expense is determining what kind of commission level you can expect to receive on writing new final expense burial insurance business. What will you actually earn selling final expense? The answer, of course, is, "It depends!" And this article will set out to…
By: David Duford in  Insurance  >  Agents Marketers   May 17, 2015  
0
  Likes: 0

How to Sell Final Expense - Should A New Agent Use A Sales Script?
There is a couple of different perspectives in how to sell final expense; should your presentation be canned, word-for-word, following a specially designed script? Or should you follow a final expense sales process that is more open-ended, and not so scripted? The truth is this: if any method is validated…
By: David Duford in  Insurance  >  Agents Marketers   Jun 06, 2015  
0
  Likes: 0

A Fairly Easy Deal With to Any Or All Buy Swtor Credits Your Current
Featuring bleachers, buy star wars old republic credits a ring and lots of tiny cages, it appears to be the site of a Dalaran Pet Tournament. Raiditem is the most reliable blizzard store offering all kinds of wow items, wow gold, wow mounts and gears! Our team has more than…
By: appgamenews in  Insurance  >  Agents Marketers   Jan 22, 2016  
0
  Likes: 0

Learn to Get the Cheapest Car Insurance Estimate
Car insurance estimate, as the name says, is indeed only an approximate calculation of the actual premium fee you should pay, but the number gives an average amount for you to prepare. People approach auto insurance differently, and some take careful precautions which, in fact, can save them from paying…
By: Zarusky Nalaninaskaya in  Insurance  >  Agents Marketers   Mar 22, 2015  
0
  Likes: 0

How to Use Facebook to Advertise Your Insurance Business
The truth hurts Insurance is the not most interesting topic to get people interested in. People pay for car insurance every month, and feel like they don’t get anything in return. That makes marketing yourself as a insurance professional more difficult than marketing other sales careers. In this article I…
By: BD Williams in  Insurance  >  Agents Marketers   Sep 30, 2012  
1
  Likes: 1

Several Types Of Insurance
Insurance this is a simple term which is used for various type of risk management. Cover plans provide you coverage against several types of unexpected incidents. There are several insurance companies which provide affordable protection policies. If you have an assurance plan you can easily make a claim from the…
By: David Wright in  Insurance  >  Agents Marketers   Jan 23, 2014  
0
  Likes: 1

How to Sell Final Expense - Why Do Agents Fail In the Final Expense Business?
The reason agents fail learning how to sell final expense is fairly simple. The unfortunate reality of sales, no matter the industry, is that 90% of all sales people fail or quit within the first 12 months of starting their sales profession. Why is that the case? The number one…
By: David Duford in  Insurance  >  Agents Marketers   Jun 07, 2015  
0
  Likes: 0

The Big Picture ~ One Of Many Challenges Faced In Recruiting Insurance Agents
When we reach the ceiling it becomes a floor but it does not change the fact. We always want to grow beyond what we have already achieved in the past and continue in the path towards bigger and greater excellence. In my brief career span in the financial services industry…
By: Sabyasachi (Babu) Kundu in  Insurance  >  Agents Marketers   Jan 14, 2012  
1
  Likes: 5

Article Views: 1276    Report this Article