abercrombie 5331

tods5eshoes · Wysłany: Nie 0:36, 20 Mar 2011 Temat postu: abercrombie 5331

Finding and Working with an Insurance Agent or Broker
Thesedays, you can buy any type of insurance without going through a professional. But is that the best approach? If you're a savvy consumer with time on yourhands, buying insurance on your own may not be a bad idea. However, if you'relike most people, you'll benefit from the services of a qualified professional. Why work with a professional? Insurancehas grown increasingly complex over the years. There are literally thousands ofinsurance companies and policies to choose from, and new products are enteringthe market all the time. Plus, policies are often filled with disclaimers andinsurance jargon that can frighten the average consumer. A variety ofspecialized types of coverage, discounts, and surcharges may further muddy thewaters. How do you make sense of it all? Thisis where a good insurance agent or broker can come in very handy. Among otherthings, one of these professionals can help you: Determine your insurance needs in a particular area (e. g., the types and amounts of auto insurance coverage you need)
Find insurance companies and policies in your price range that can meet those needs
Choose the particular policy that best meets your needs at the lowest possible price
Add riders or endorsements to tailor the policy to your unique circumstances
Resolve any questions or complaints you might have, both before and after the sale
File claims and receive payment in a timely,[link widoczny dla zalogowanych], hassle-free manner
Stay abreast of your changing insurance needs, and make any necessary changes to your coverage
Switch companies or policies if you're not happy
Someof this can be done on your own using the Internet and other resources, butthere's no substitute for a good client-advisor relationship. Choose the rightperson, and you'll be rewarded many times over. Hopefully, as the relationshipbuilds, you'll gain increasing confidence that the person acts in your bestinterest and knows what he or she is doing. That peace of mind may be wellworth any commission or fee you have to pay. Finally, using an agent or brokercan simplify your life if you're able to buy more than one type of insurancefrom that same person (e. g., less record keeping). Agent or broker--what's the difference? Aninsurance agent may be employed directly by an insurance company or may be anindependent contractor. If independent, an agent typically contracts with alimited number of insurance companies and sells policies issued only by thosecompanies. Some agents (known as exclusive agents) may even contract with onlyone company. The main disadvantage of using an agent is that you'll probablyhave fewer options to choose from. The upside is that a good agent will betotally familiar with the companies and policies he or she deals with. Plus, some companies may employ only agents to sell their products. The two major typesof agents are property/casualty agents and life/health agents. Aninsurance broker is completely independent. Instead of being tied to one or ahandful of insurance companies, a broker can work with many different companiesand sell their products. This means that a broker can offer you a much widerrange of choices than an agent, and a good one will thoroughly shop the marketfor you. Plus,[link widoczny dla zalogowanych], since a broker has no company allegiance, he or she representsyou (the client) directly. However, a broker may lack the detailed knowledge ofcompanies and policies that many agents have. A broker typically specializes inone or more types of insurance and may sometimes work with other professionalsto arrange appropriate coverage for you. Ingeneral, agents earn less than brokers in commissions and/or fees. That'smainly because agents often receive perks from the companies they work for, such as paid expenses and company fringe benefits. Both agents and brokers mayreceive bonuses and other incentives if they reach a certain production levelwith a company. How do you find the right person for the job? It'svery important to find an agent or broker who will serve you well for a longtime. The best way to do that is to take your time and be selective. Start bytalking to friends, family members, co-workers, and other people you trust. Howsatisfied have they been with their insurance professionals? You can also askother professional advisors (e. g., your financial planner or attorney) torecommend someone. If word-of-mouth references get you nowhere, look in yourphone book or on-line for insurance professionals in your area. You can alsocontact your state's insurance department for information. Theseare only preliminary steps, however. The real work lies in screening yourpotential candidates. Here are some tips to help you find the right agent orbroker: Find out about the person's credentials (e. g., CLU for life insurance, CPCU for property/casualty insurance, RHU for health insurance) to be sure he or she is well qualified for the job.
Make sure the person has at least several years' experience with the type(s) of insurance you need. Typically, to receive a professional designation, a person must have three or more years in the business.
Know how (and how much) the person gets paid. There are many different types of payment structures for insurance professionals, including commission only,[link widoczny dla zalogowanych], fee-plus-commission, and fee only.
Find a person you like, feel comfortable working with, and who listens to you.
Make sure the person's hours fit your schedule and lifestyle.
Ask to speak with some of the person's existing clients to get a sense of the customer service you can expect in the future.
Thinkof your initial meeting with an agent/broker as a job interview. Don't be afraidto ask lots of questions--the answers you get will give you further insightinto the person's knowledge, integrity,[link widoczny dla zalogowanych], and concern for your needs. Theimpressions you come away with are more important than how good the personlooks on paper. Finally, after you choose an agent or broker, periodicallyassess the person's performance. You can always switch to someone else ifyou're not satisfied. Written byTerm Life Insurance Rates | Term Life Insurance Quote Online: BeamaLife.Topics related articles：

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