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4 Key Benefits Of Hiring An Independent Insurance Agency
Last Updated on: September 23rd, 2024
Insurance is a dependable safety net that protects you from unexpected events, from accidents to theft, natural calamities, and more. You can buy coverage for your home, car, business, health, and life from the insurance agency, and it will be stress-free in unforeseen circumstances.
Not surprisingly, 60% of Americans already own some form of life insurance policy, and more are following suit as financial literacy becomes commonplace. According to a recent study, interest in life insurance will be at an all-time high in 2023.
The pandemic has been an eye-opener, driving individuals to include it in their long-term financial plans. Also, business owners no longer see the insurance policy of an insurance agency as an extra burden, thanks to the roles and policies. Instead, they consider it a savior that may protect them during tough times.
Buying insurance is more than about getting adequate coverage; but is also about choosing a provider you can depend on. A branded insurance agency has a long-standing presence and spends big on marketing campaigns. However, independent insurance agents have emerged as trusted partners for people looking for personalized products and services.
Here are a few valid reasons to use an independent insurance agency instead of a branded company:
More Options To Match Diverse Needs
Going cookie-cutter is the last thing you should do while buying insurance coverage. Everyone has unique needs and circumstances, so a one-size-fits-all approach does not work. An independent agency represents multiple carriers and offers more products to match diverse needs. Access to multiple options means you can compare coverage, premiums, and benefits of these products.
It means a renowned insurance agency provides you with lower rates, better coverage, and less restrictive policies in the long run. You may even seek custom plans tailored to your needs, goals, and budgets. You must search for a local provider by typing “insurance co near me” to find a trusted independent partner nearby. You can also check client reviews to be extra sure about the provider’s credibility.
According to Brooks Todd McNeil, independent insurance agencies go the extra mile to help clients make informed decisions regarding their financial future. You can trust them to invest more time and effort into understanding your unique needs and recommending ideal products accordingly.
Unbiased Advice
Did you know that the national average monthly car insurance cost in the US is $57 for minimum coverage and $179 for full coverage? Basic health coverage for a 30-year-old adult starts at $373 a month and increases if you are older or want more coverage. Similarly, home, life, and business coverage can burn a hole in your wallet.
You must choose wisely, comparing products with a comprehensive view of their costs and premiums. An independent insurance agency offers unbiased advice to help you make informed decisions. A wider view of the industry working with diverse clients and providers makes them a knowledgeable resource you can rely on for personalized expertise.
Advocacy And Claims Assistance
According to government data, insurers deny 10-20% of the health insurance claims. The number is disconcerting for people spending thousands on policies to seek coverage for their health, lives, homes, and businesses. It means you still live in uncertainty, fearing that your claim will not reach fruition despite being a genuine one.
An independent agency can help you during the claims process, from assisting you in filing claims to providing essential documentation and negotiating a fair and timely settlement with the insurer. Having an expert by your side during a critical situation makes you confident and stress-free. This level of support fosters trust and credibility for independent providers.
One-Stop Destination
People require different types of coverage to match the needs of their lifestyle. For example, you may require products covering your home, automobiles, personal articles, and business. Your requirements may include unique coverage for items such as class cars, pets, travel, and special events. Finding these products from different providers sounds like a lot of work.
Consider working with an independent insurance agency instead of visiting different websites or offices to compare prices and benefits. Shopping online can be time-consuming and frustrating, and there are always chances of falling for the wrong policy. An independent agent eases the process by recommending the best options for your needs.
The Bottom Line
Insurance coverage keeps you stress-free, but buying a policy often entails a lot of hard work. You can collaborate with an independent insurance agency to do the heavy lifting and suggest the best options to match your expectations.
They have local expertise, follow the unique risks and challenges of clients, and deliver personalized services. The best part is that everything comes for a smaller price tag compared to big-ticket products.
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