Insurance Agent vs Buying Insurance Directly From Insurance Company
Insurance can be a complicated purchase. You’re not buying bread or milk. You’re buying a promise of protection that could potentially make or break your financial well-being. How do you know that you’re making the right choices about coverage? are you sure you’re getting the best possible value for your dollar? the options can seem bewildering. Mutual benefit has sold its coverage exclusively through independent agents for over 100 years. We’ve seen first-hand how the advice and advocacy of agents benefit our policyholders. Here are seven reasons why we believe the independent agency experience benefits you: they give you a choice – independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. Imagine you've started a new company . You need to buy business insurance and you want to ensure you obtain appropriate coverage. How should you proceed? there are several ways to buy insurance. For instance, you could buy policies
read more7 Ways to Save Money on Car Insurance
While many people first consider sticker price and the price of gas when it comes to the cost of owning a car , car insurance rates matter too. And depending on your circumstances, it might be a larger cost than you were expecting, especially as rates continue to increase. While there is a long list of car insurance providers you can choose from to save money on car insurance, you can also do other things to help make your car insurance more affordable. One of the most straightforward ways to save money on insurance is by bundling your home and auto insurance , meaning you buy multiple insurance policies from the same company. Allstate , liberty mutual and geico each offer premium discounts for bundling -- depending on which policies and coverages you buy together. You can get discounts on your premium anywhere from 5% to 25%, depending on the provider. Car
read moreHow to get car insurance discounts 316
Reading time: 3 minutes when you first took out your auto insurance policy, you probably evaluated your needs, shopped around for the best rate and checked your eligibility for discounts. But have you done any of that since? it’s a worthwhile exercise to reevaluate your insurance policy as your car ages and your driving record and habits change. Information becomes outdated, deals and discounts change and your coverage needs shift. Here are seven ways you might be able to save money on your car insurance policy: 1. Reevaluate your existing coverage. Make sure you’re not paying for more auto insurance than you need. Every insurance company offers special ways to save on your car insurance premium. To make sure you’re getting all the discounts you’re entitled to, check out your insurer’s discounts page and ask your agent to review your possible savings. Our car insurance discounts page gives more details on what insurers offer different discounts. But remember to compare
read moreSave Money on Prescription Drugs
Completing a medical exam for your life insurance policy used to save you a considerable amount of money. In fact, in some situations, life insurance without a medical exam was as much as 30% more. In recent years, however, this once commonly accepted rule has changed. For applicants who under the age of 60 and in average or better health, skipping the medical exam might not cost you anything extra. Some life companies have even begun offering more competitive pricing for healthy applicants who have a history of routine follow-ups with their doctor. If you’re over the age of 60 , or if you have some serious health issues, taking an exam might be your only option for coverage. Cut Down on Unnecessary Medical Visits If you’re young and healthy, do you need life insurance ? should you select term or whole life insurance? how much coverage is enough to protect your loved ones? with a mortgage on
read moreHow to get car insurance discounts
In other words, be a safe driver. This should go without saying, but in today’s age of increasing in- car distractions, this bears mentioning as much as possible. The more mindful you are, the more accidents or moving violations you’ll be able to avoid—events that raise your insurance rates. Travelers offers safe driver discounts of between 10% and 23%, depending on your driving record. for those unaware, points are typically assessed to a driver for moving violations, and more points can lead to higher insurance premiums (all else being equal). Reading time: 3 minutes when you first took out your auto insurance policy, you probably evaluated your needs, shopped around for the best rate and checked your eligibility for discounts. But have you done any of that since? it’s a worthwhile exercise to reevaluate your insurance policy as your car ages and your driving record and habits change. Information becomes outdated, deals and discounts change and your coverage needs
read moreInsurance Brokers: What They Do and Who Needs One
A completed broker's application, form 3520 payment of a $200. 00 biennial license fee (not pro-rated) post a surety bond in the sum of $10,000 broker-prelicensing certificate. The statutes of the south carolina and the regulations of this department provide that no individual shall be licensed as an insurance broker unless he (she) first possesses a current producer appointment for the same lines of insurance for which the broker proposes to apply, and has completed a minimum of twelve hours of prelicensing education related to broker and, or surplus lines insurance only individuals may be licensed as brokers in south carolina all licenses are renewed biennial (even years) in may. Insurance brokers represent individuals and small businesses to find the best value in terms of cost and coverage. Simply stated, insurance brokers represent the interests of the buyer, not the interests of the seller. Insurance brokers offer experience in different types of insurance and risk management, working closely with individuals and companies
read moreTips for first-time car insurance buyers
Whether you’re a recent college grad off on your own for the first time or a high school student planning to buy your first car, your first time shopping for an auto insurance policy can feel overwhelming. We're rounded up some first time car insurance tips to help you navigate this new process. Auto insurance provides such important finanical protection for drivers that it's required in most states. You have to have it, so use these tips to help make your first time auto insurance purchase go smoothly. There are many things that you need to know for first-time car insurance buyers. Your rates depend on many factors, including your age, where you live, your driving experience, and even your marital status. You have to choose between getting full coverage – including comprehensive and collision coverage -- or just carrying liability coverage. Comprehensive and collision coverage is a good idea unless you have a vehicle that isn’t worth
read moreSeven Reasons to Choose an Independent Agent
Insurance can be a complicated purchase. You’re not buying bread or milk. You’re buying a promise of protection that could potentially make or break your financial well-being. How do you know that you’re making the right choices about coverage? are you sure you’re getting the best possible value for your dollar? the options can seem bewildering. Mutual benefit has sold its coverage exclusively through independent agents for over 100 years. We’ve seen first-hand how the advice and advocacy of agents benefit our policyholders. Here are seven reasons why we believe the independent agency experience benefits you: they give you a choice – independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. When you join a captive agency, you’ll be handed an established set of guidelines and rules on how to set up and run an agency. Much of the decision-making and guesswork is taken out of setting up your business,
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What Is Business Insurance?
It may be difficult to know which insurance policies you need for your business, but there is plenty of help and support available. Chat to your independent financial advisor, or if you don’t have one, feel free to get in touch with one of our insurance advisers. An insurance adviser will be able to support you to:. It is especially important for small business owners to carefully consider and evaluate their business insurance needs because they may have more personal financial exposure in the event of a loss. If a business owner does not feel he or she has the ability to effectively assess business risk and the need for coverage, they should work with a reputable, experienced and licensed insurance broker. You can obtain a list of licensed agents in your state through your state's department of insurance or the national association of insurance commissioners. Also known as commercial lines insurance , these coverages include property and casualty insurance products
read more7. Improve your credit
In most states, insurance companies can check your credit before issuing a homeowners insurance policy. They may use your credit-based insurance score , which is a special credit score used by insurance companies to assess your risk of filing a claim. If you have poor credit , you can probably still get homeowners insurance, but it might cost more than if you had good credit. Although your credit-based insurance score is different from the credit score lenders use, it's based on many of the same factors, such as your payment history, your overall credit utilization and whether you have any defaults or collections on your credit report. Have you recently improved your credit score? that can also save you money. “for most of the big carriers, they’re checking what’s called your insurance rating which is pretty loosely tied to your credit score. So if you have better credit your insurance will reflect that, and you’ll have better rates,” said fuentes. You’re our first priority. Every time. If you have a vehicle, one of the biggest expenses you’ll face every year is the renewal of your car insurance. However, times are tough, and finding ways to save money
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