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How often should I change Insurance Agents?

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Can my current Insurance Agent help?

“Here comes another bill from the insurance company. Looks like our rates went up again, but why?  I didn’t change anything on my policy.  When’s the last time we even reviewed our coverage?  I think it’s time to shop insurance.  So where do I start?!”

Many individuals, families and organizations have gone through a similar type of thought process regarding their insurance policies.  When’s the right time to shop?  The answer is always it depends, however the first question to ask is – “Have I spoken with my Insurance Agent?”

Often, the most efficient solution to any insurance issue is simply picking up the phone and speaking with your Agent. Asking the right questions will get to the root of the problem. If the answers are confusing, or not to your liking, it may be a good time to consider changing agencies.

Here are some example questions you may want to ask based on common insurance issues.

  • Rate increases
    Is there another company that can offer lower rates while providing the same or more coverage? Will their service be the same?
  • Coverage concerns
    Am I properly covered? Do you have all of my most up to date information you need?
  • Bad claim service
    This one is easy. At the time of a claim, bad service by your carrier is unacceptable, so in this situation, the right agent can find a more suitable carrier for you. Be sure to explain to the Agent why you were unhappy with the claim.

Depending on who is servicing your policy with will have everything to do with the type of answers and solutions they can provide you. Two various types of agencies include:

Independent Agents can offer multiple carrier choices and multiple carrier solutions.

Direct Agents can usually only offer one primary insurance carrier choice or carrier solution.

Although many Direct Agents may be able to offer competitive products, many people prefer working with Independent Agents for the value of choice, as they can be the single point of contact when shopping out your rates with multiple carriers. However, it is important to note that all Independent Agencies will differ in many ways. The consumer should be able to trust their Agent that they are being looked out for on a continuous basis.

There are not a ton of people who thoroughly enjoy shopping their insurance policies every year. For this reason, it’s nice to get it right the first time you shop, so that when you have a problem, you can just pick up the phone and call your agent and be confident they’ll help you out.

A good Independent Agent should be able to explain to you why it does or doesn’t make practical sense to change carriers. When receiving sound, professional advice, it can save a lot of time and effort by the consumer by not having to take on insurance issues alone.

Please contact us today for an insurance review.