Why Use an Independent Insurance Broker?

independent insurance broker south carolina

Buying insurance is much easier than it used to be. In the past, you would typically set an appointment with an agent from NY Life, Northwestern, Mass Mutual, or some other company to come out to your house and sit down with you and your spouse to go over options. That’s great, but after 2 hours how many options did you really look at? You looked at one: the agent’s companies. If you then wanted to compare with any other companies, you’d have to repeat that process with co. #2, or #3, or #4. “Ain’t nobody got time for that!!”

These days you can call several agents representing their specific companies and get to the details much more quickly. you can buy policies online. But there is an even better option and that is to call an independent insurance broker. An independent broker isn’t beholden to any one company. They can be contracted with several, or dozens, and can search rates for you in their quote engines. Once they have these quotes in front of them, they can just pick the lowest 2 or 3 and let you make up your mind among them. That saves a lot of time and hassle for you.

Here are some benefits of using an independent broker for your insurance.

Licensed Professional

Insurance brokers are lawfully obligated to be ethical. That’s why independent brokers of South Carolina need to obtain a professional license before presenting any services to you. What type of insurance your broker can help you with will depend on what license(s) he or she holds. Also, it’s not a bad idea to check with an insurance department of your state to verify if an independent agent is properly licensed. For South Carolina simply click this link and enter the agent’s name: https://online.doi.sc.gov/Eng/Public/Queries/IndvdlLicSrch.aspx?txtFirstName=christopher&txtLastName=hinton&PageSize=10

Get More Options with Insurance Brokers

Independent insurance agents work with a number of different insurers and can obtain quotes from all of them at the same time. Insurance offered by different insurers may vary in price and scope of coverage. A broker can help compare other insurers’ policies and choose the best fit for you. In doing reviews with various clients, you would be surprised how often the coverage a person has in place is not the coverage they thought they had.

Personalized Service

It is likely that you and your broker will develop a close relationship over time and they will become more and more familiar with you, your circumstances, and thus your needs. However, not every broker who is sent to you by a quote engine or by telemarketing is going to be a great fit for you. It’s important to trust your gut instinct and if something feels “off” about the relationship or if you feel the agent doesn’t have your best interests at heart and rather just wants to sell you a policy, beware.

Risk Assessment

Independent insurance brokers in South Carolina are trained to assess risk, particularly those that specialize in Property and Casualty insurance such as auto and homeowner’s policies. An independent insurance agent can analyze the situation and provide a policy that is tailored to your specific needs. An agent can assist you in prioritizing risks and determining which hazards are insurable. An agent with a thorough understanding of your geographic region can assist you in assessing possible hazards such as floods and wind and determine how to reduce them.

Better customer service

Responsiveness is one of the benefits that come with having your own broker on your side. When you call an insurance company it’s possible to wait on hold for a long period of time. But when you have the direct line of your own agent, you’ll typically get a call back within hours if not minutes. It’s a much more friendly and focused interaction than having to explain yourself to someone you’ve never talked to before. If you have a Property and Casualty type of claim, it’s also the case that your agent may be able to help you out with the process.

You Become Your Agent’s Priority

Your independent insurance broker values your business. Without you, and clients like you, the agent has no business.

An agent should always be looking out for your best interests and doing his best work for you. If an agent isn’t too shortsighted, he will realize that you will be turning to him time and again for the help, and even recommending your family and friends to him for help. You are much more valuable than just a quick “sale”. You have a relationship with him that he covets, wants to protect, and will be mutually beneficial for many many years.