The Value of Working with an Independent Agent

Category: Agency News and Information

You have a variety of ways in which you can arrange insurances like auto insurance, life and health insurance, homeowners insurance and business insurance. If you prefer, you can go on the Internet and choose the insurance company and coverage that you feel meets your requirements without seeking any form of advice.

There are so many different types of the same sort of insurance being offered by several different insurance companies, it is important that the coverage you arrange is right for you. For instance, in the case of life insurance you have a choice of level term life insurance, decreasing term life insurance, whole of life insurance and universal life insurance.

Having decided which type of insurance will meet your requirements, you then need to choose which insurance company to take it out with. This whole review process can involve you spending a great deal of your valuable time and energy. How can you guarantee you will be comfortable that the insurance you have arranged is the most suitable?

Is there an alternative to doing all this work yourself? There certainly is: you can contact a local insurance agent who will be able to meet with you to discuss your requirements, find out about your personal financial situation and make appropriate recommendations.

There are two types of insurance agents: captive insurance agents and independent insurance agents. Both types will be able to advise you on the most suitable insurance policy to meet your requirements. Let’s have a look at them in a little more detail:

Captive agents: A captive insurance agent will only be able to sell you the policies of one insurance company, meaning that they are somewhat limited in the choice of policies that they can make available to their clients.

Independent agents: An independent insurance agent is not tied to one insurance company. They can sell insurance policies of several different companies, providing you with greater choice through one agent. This enables an independent insurance agent to compare similar products and obtain quotes from multiple insurance companies. You may be able to find a more suitable policy at a more competitive premium than you would have through a captive insurance agent.

Whoever you choose, it is important that you can rely on them, as it is likely to be a long term relationship as they guide you throughout different periods in your life. They should also be knowledgeable about a wide range of products and be available to meet with you to discuss things, whether face-to-face, over phone or by email.

If you live in Lexington, South Carolina, or the surrounding area, contact the Tidwell Insurance Agency. We have been serving South Carolina since 1981 as an independent insurance agency. We look forward to working with you!

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