Sunday, April 24, 2011

6 Things to Consider When Choosing an Insurance Agent

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It's time to shop for an insurance agent. This process can be caused by an unhappy experience with your agent, you've moved to a new town, your agent is retiring or he or she has closed the business.

There are many things to consider when searching for a new insurance agent. Take your time and do your due diligence.

Captured or Independent

This one decision will immediately narrow your search process. Deciding if you want coverage from a captured or independent agent before any other decision will make the remaining items a faster decision-making process.

An independent is not affiliated with any on specific insurance company, and normally represents a variety of insurance companies. A captured agent is one who works for/represents one specific insurance company.

Location

Do you want an agent close to your home, or would it be more convenient to find an agent who has an office close to your place of business? Consider when you'd rather go to the office. Will it be on a lunch hour or after work?

This is an issue that doesn't always apply, because some insurance agents come to you. Talk about the best location!

Office Hours

If your agent is open from 9-5, Monday through Friday, these hours could cause issues if you don't have a flexible schedule at work. Do they close during the lunch hour? Another inconvenience for you if they are closed the same time you are required to take your lunch.

Find out if they are open on Saturdays. If so, going back to location, it would be best to find an agent close to home.

Customer Service

When asking for referrals, ask why the person is referring this specific agent. Make sure that it's customary for them to talk to you over the phone or meet with you in person each year to ensure you haven't had any changes that would require adjusting your coverage. This type of customer service is imperative because you don't want to find out you didn't have proper coverage as a result of the agent not knowing you needed it. Customer service is huge, especially if you experience a disaster and need to file a claim. How quickly will they get back with you? Do they follow up? Are they helpful and assist you?

Reputation

What type of person is this agent? It's key to know the type of person he or she is. Honest? High integrity? When it's time to have to file a claim, you want to be sure to have a well-respected agent who is handling your insurance needs.

Social media is a great way to learn about a person. Read their Facebook and LinkedIn pages and follow them on Twitter. You can learn a lot about people by reading their interactions with others.

Personality

Meet with at least 3 agents who are still candidates in your search process. No matter how great they are, if your personalities don't mesh, it won't be a good business relationship.

This seems like a long, drawn-out process. However, it'll go quickly than it sounds, and it is well worth your effort. When disasters occur, you'll want an agent/agency that is right for you.

It's time to shop for an insurance agent. This process can be caused by an unhappy experience with your agent, you've moved to a new town, your agent is retiring or he or she has closed the business.

There are many things to consider when searching for a new insurance agent. Take your time and do your due diligence.

Captured or Independent

This one decision will immediately narrow your search process. Deciding if you want coverage from a captured or independent agent before any other decision will make the remaining items a faster decision-making process.

An independent is not affiliated with any on specific insurance company, and normally represents a variety of insurance companies. A captured agent is one who works for/represents one specific insurance company.

Location

Do you want an agent close to your home, or would it be more convenient to find an agent who has an office close to your place of business? Consider when you'd rather go to the office. Will it be on a lunch hour or after work?

This is an issue that doesn't always apply, because some insurance agents come to you. Talk about the best location!

Office Hours

If your agent is open from 9-5, Monday through Friday, these hours could cause issues if you don't have a flexible schedule at work. Do they close during the lunch hour? Another inconvenience for you if they are closed the same time you are required to take your lunch.

Find out if they are open on Saturdays. If so, going back to location, it would be best to find an agent close to home.

Customer Service

When asking for referrals, ask why the person is referring this specific agent. Make sure that it's customary for them to talk to you over the phone or meet with you in person each year to ensure you haven't had any changes that would require adjusting your coverage. This type of customer service is imperative because you don't want to find out you didn't have proper coverage as a result of the agent not knowing you needed it. Customer service is huge, especially if you experience a disaster and need to file a claim. How quickly will they get back with you? Do they follow up? Are they helpful and assist you?

Reputation

What type of person is this agent? It's key to know the type of person he or she is. Honest? High integrity? When it's time to have to file a claim, you want to be sure to have a well-respected agent who is handling your insurance needs.

Social media is a great way to learn about a person. Read their Facebook and LinkedIn pages and follow them on Twitter. You can learn a lot about people by reading their interactions with others.

Personality

Meet with at least 3 agents who are still candidates in your search process. No matter how great they are, if your personalities don't mesh, it won't be a good business relationship.

This seems like a long, drawn-out process. However, it'll go quickly than it sounds, and it is well worth your effort. When disasters occur, you'll want an agent/agency that is right for you.

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