Actually independent insurance agency and employee of an insurance company have the same basic task but they may differ in representation. If you are planning to buy insurance policy that can protect your precious belonging, you can ask independent insurance agent to help you in choosing the right insurance coverage. But, do you really know the benefits of working with independent agent? If you don’t have any idea about it, we will give this precious info for you.
Benefits of an Independent Insurance Agency
When you choose the insurance company, of course you will try to find the best one. By asking the help of an Independent insurance agency, you will have an opportunity to find additional value that is usually not seen when you ask the help of the employee of certain insurance company.
Since independent agent represent multiple insurance companies, he or she won’t give biased perception about certain company.
Moreover, the independent agent can provide an objective evaluation about the products and services of several insurance companies on your behalf. An independent insurance agent has flexible time so that they can solve your problem anytime.
Somehow you may find that you are disappointed with your current insurance policy and your independent insurance agent can move your coverage to another insurance company that will address your problem.
Working with independent agency will give you another benefit since the independent agent has familiar knowledge about the current industry. It means that they will receive updates of information from each insurance company they carry.
Unlike the captivate agent that only receive single information from specific insurance company. Independent agents have larger network so that they can overcome the potential problem that you may have in insurance policy.
The Pros and Cons
Although it seems that working with independent insurance agent gives you more benefits, there are some pros and cons related to independent insurance agency.
As clearly stated before, working with independent agent will help you to find the best coverage because they will provide adequate information about different insurance policy form different insurance companies. Moreover, you will feel much easier because they will shop best coverage for you.
Another pros working with independent insurance agency is you will be represented by them and they will tell you honestly when there is a particular company that doesn’t meet your basic requirement especially with your tight budget.
However, there are some people that think working with independent insurance agent is riskier. Independent agent usually sells policy insurance for a company that you are not familiar with.
If the insurance company is not that popular, you can’t make a deep investigation on your own so that you will likely accept what your insurance agent suggest.
Moreover, several major companies now prefer to employ their own agent and they rarely work with independent agent. So that only small companies use independent agent. It’s not a big deal actually if you are comfortable working with smaller company.
And one thing that you should consider before working with independent insurance agency: they receive less support. Many insurance company prefers to hire new agents that are ready to train so that the company will assist them until the insurance agent succeed.
Therefore, many independent agents only use their own resources since they lack of support. This condition will surely affect the stability of your insurance situation and of course you don’t want it to happen.