How to purchase the right insurance at the lowest cost
Posted by LPL Risk Management on
When it comes to purchasing insurance, consumers have many choices. For most people, price is one of the most important factors when deciding what to buy and from whom. What consumers may not realize, however, are the benefits of working with an independent insurance agent.
*An independent agent represents many different insurance companies and offers the consumer choices.
*Since independent agents can offer more choices and savings, a consumer doesn’t have to spend hours gathering quotes from various direct writers. You can accomplish this task with a simple call or visit to an independent agent. It’s highly unlikely that an independent agent will have to turn away a potential customer with all the choices and options available.
*An independent insurance agent can offer consumers choices. It’s not a one-size-fits-all proposition with an independent agency. You can develop a life-long relationship with your independent agent. With a direct writer, if something goes wrong and the direct writer company decides to non-renew your account, you have to find a new agent. Should that happen with an independent agent, your agent can find a new insurance carrier for you and you still maintain your trusted relationship.
*Independent agents have no exclusive relationship with any one insurance company. Independent agents offer a wide range of products from multiple insurance companies and are able to offer guidance on a variety of products, coverages, and prices. Independent agents don’t work for one particular insurance company; instead, they work for and represent their customers. This can be a key difference at claim time.
Lastly, an independent agent has the ability to write even the most challenging accounts. Most independent agents can write basic home and auto package policies all the way up to major corporations with international exposures.
The true role of an independent agent is no longer about providing information, but more about guiding customers through choices that will best identify their needs and provide sound solutions