Only you can determine how much you will want to spend on insurance and what level of risk you are comfortable with, apart from the insurance required by law. Think about your assets carefully and how much risk you feel comfortable with. In the case of a significant loss, consider what would happen: can you afford to pay for repairs or even a large deductible? What if your property is being sued for negligence or an accident? Are you prepared to handle a lawsuit’s expenses? A great way to start a conversation with an agent who can inform you about your options is to write down a list of the assets you want to protect. You can get additional information at 3 Noteworthy Reasons To Work With An Independent Insurance Agent
Pricing and benefits between different insurance providers can also be compared, as well as discounts for which you may qualify if you buy multiple policies through the same company. Most importantly, in order to customise your policy to suit your particular needs and conditions, your agent should be interested in taking the time necessary. Nearly every insurance company will tell you that for their low rates, excellent benefits and quality service, you need to purchase a policy from them. So, how do you differentiate between several insurance companies that are highly rated? Often, working with a local, licenced insurance agent that represents multiple insurance companies will be your best bet when you are comparison shopping. If, because of personal experience or referrals, you already feel strongly about a particular insurance company, then a captive agent will likely serve you better. Captive agents have agreed to represent only one insurance company, but are generally specialists in the insurance products offered by that insurance company. Independent agents are capable of representing several insurance carriers, but have a stronger incentive to satisfy the customer. They can compare multiple policies for you, help you to change carriers and ensure that you get the best rates for your needs on an ongoing basis.