Why you may need the help of an insurance agency or agent


Initially, getting an insurance was one of the last things people thought of. It seemed like a waste of time and money paying premiums annually in ‘anticipation’ of something bad happening just so they receive claims somehow. However, through public sensitization and legal requirements of certain types of insurance, many people have a form of insurance or are looking to join. With the advent of the internet, today, people sit in their homes and browse through it to find the quotes of numerous insurance companies. They then make their choices and start without stress. In other words the need for an insurance agency is completely eliminated.

insurance agency

An insurance agency or insurance agents are typically responsible for typically sell a variety of insurance and financial products, including property insurance and casualty insurance, life insurance, health insurance, disability insurance, and others. So many people have neglected the services of insurance agents over the years. There are, however, still many uses for them.

Here are some of the benefits an insurance agency or independent insurance agent would offer you.

You save money

Checking through various options and quotes online may offer you comparatively cheap rates, but they would not offer you the cheapest rates that are available. An insurance agency, through an agent, would offer you the cheapest rates available in the market.

The insurance agency will not be bent on making you focus on a particular company or insurance provider but will stop at nothing to make sure you end up with the best deal ever. With this, you would rest assured that you are in safe hands, save money on premiums, and get the right level of services for your money.

Expert Advices and Services

Insurance agents are trained in various skills that relate to the services they offer. In other words, they are in a much better position to offer you insurance based advices that you ever would be able to do for yourself. So many times, the terms and conditions portrayed on the websites and pamphlets of insurance providers can be entirely hard to decode. An insurance agency, through its agents, can explain the complexities of insurance in less complex and ultimately aid you in making the best decisions.

The great part about them is that they offer you these advices free from biases or ulterior motives. Insurance agents know the ins and outs of the entire industry. They have worked with numerous clients and numerous insurance providers as well. Depending on the exact kinds of services or coverage you want, they would direct you to the best one. Since they have an idea of those that have the best track record, they can help you streamline your options down. Using your budget, preferences and other information, they would steer you to the right course. This is much better than having to select insurance providers on a trial and error basis.

Ease in collecting claims

Another thing an insurance agency can do for you is to completely make easy your collection of claims. The usual way that fraudulent insurance providers defraud its clients is by not paying claims as at when due. What they would do is continue collecting premiums and when there is a claim, they would frustrate their clients and provide reasons why they are not liable. Well with an insurance agent, you can rest assured yet again. In the first place, the insurance agency would not let you sign up under insurance providers with confusing or vague terms and conditions.

Since they do not work for the insurance provider, they have no reason to steer you in the wrong direction. With all the complexities and technicalities that the insurance provider might put up, the insurance agent would help you assess it and still receive your claim. If you have a trained professional working for you, instead of the insurance company, you will get a good settlement for your claim and sooner or later you would go on with your life normally as nothing happened.

They help with your employees

This reason is quite logical. Imagine you own a company with about a hundred staff working for you. How would you take care of their insurance needs then? Easy – you simply get the services of an insurance agency. When it comes to handling individual plans, it could be very easy to follow through the entire process yourself. An insurance agency has the right number of on-the-ground staff that can cater for the needs of all your employees.

More so, if your organization does not have a high number of human resources staff or a well functional human resources department, then the insurance agency would be able to handle all the questions that your employee may have regarding insurance policies, enrolment in group health, and life insurance policies. By using a good insurance agency for your employee benefit policies, you can defer employee inquiries to your agent for a resolution and exempt yourself from all the stress that would have come with it.

General convenience

An insurance agency would ultimately make all your insurance needs and the entire insurance process executed with you not even breaking a sweat. First, when you use an insurance agency for your insurance needs, you have the opportunity to develop a personable relationship with your agent. Hence, he or she would know your exact needs, likes, dislikes, preference, budget, and so on. They would know you so well that it would be as though you were selecting the policies yourself.

Rather than stressing yourself trying to completely understand the bulk of insurance papers that the insurance providers gave you, you can just have your personal agent summarize it for you. Essentially, you would be able to speak with the same person each time you have questions or concerns about your insurance policy and they would always be there to answer you. To make it even cooler, your agent has a trustee relationship with you so he or she can represent you if need be. For a small sum, you get to pay for your convenience.

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