Are you shopping for insurance to cover your home, vehicle or life? When it comes to finding the right insurance agent or broker to fit your needs, don’t make that choice lightly. Here are questions to ask as you go through the life insurance purchase process:
1. Who do you represent?
It’s important to ask who your agent or broker represents. Agents are usually either captive or independent. While captive agents can sell you the insurance of only one company, independent agents have access to a wider range of insurance products, such as home, renters, auto, business, life and health. That can make it easier to help find you the best combination of price, coverage and service.
2. Do I qualify for any discounts?
By bundling home and auto policies, you may be eligible to receive money-saving discounts. Some agencies offer policy discounts through certain safety additions or home upgrades. Your agent or broker should be able to give you insight about different companies’ potential discounts.
3. What does my insurance cover?
It is important to know exactly what your policies cover and don’t cover. Clients should always be able to get the information they need in order to make the best decisions about their insurance. By asking questions, you can better understand what you are getting, how you may benefit from the protection, and what you can expect from your insurance policy. Your coverage should also be periodically reviewed to keep up with your changing insurance needs.
4. Is my agent easily accessible?
Does your agency have some means of accessibility during non-business hours? Make sure you know how to get in touch with your agency, and what to expect.