The definition of an independent insurance agent is “an insurance agent that sells insurance policies provided by several different insurance companies rather than a single insurance company.”
An independent insurance agent is able to provide their clients with more options when it comes to insurance products. An insurance agent that sells policies offered by a single insurance company is referred to as a “captive agent.” And while in some cases the policies offered by the captive agent may be less expensive, the client may never know whether he or she is getting the best deal or coverage since only one option is available.
An independent agent can do some important things for you:
Agents have the ability to check prices and coverage with a number of different insurance companies. And since rates can vary widely from carrier to carrier, the independent agent is most likely able to get you a better deal than you can get for yourself.
Independent agents don’t just sell one type of insurance – you can use them to handle your many insurance needs in one place.
Insurance is complicated to say the least. It’s an independent agent’s responsibility and job to understand and be able to communicate it to you in a way that helps you understand it as well.
More and more companies have switched to automated phone systems, which can make it difficult to get to the right person. At an independent agent, more than likely an actual person will still greet and be able to assist you. If you need to file a claim, your agent can help you not only report it but explain exactly what your policy covers and what to expect at each stage of the claim.
There is nothing wrong with going directly to an insurance company. However, dealing with an independent agent offers you certain services and protections. Many independent agents offer no obligation consultations and will take the time to explain to you exactly what it is they can do for you.
As an independent insurance agency, we think about you and the best ways to protect your assets. Independent means that when you need to file a claim, you have an advocate who knows the fine points of both your policy and insurance carriers. We’ll be there during the tough times to answer your questions, stay on the case and clear the way for a resolution that’s in your best interest.