An insurance agent represents one or more specific companies and works on commission. On the other hand, an insurance broker represents you and will aim to find the best terms, conditions, and prices from multiple sources for you as their client.
What is the difference between an insurance broker and an insurance agent?
How do you find the right insurance agent or broker?
We recommend looking for the following red flags when looking for the right insurance agent:– Pressured, aggressive, or pushy sales techniques– Cold calling– Direct payments– Questionably low premiums– A lack of web presence, address, or credentials– Suggestions of overvaluing items
An employer often provides disability insurance, but it is best to double-check that this is the case and also what instances you may or may not be covered. Insurance payouts can also take months or even years.
If you have a mortgage on your home, your bank will likely insist that you take out homeowner’s insurance. As your home is typically your biggest asset, it is instrumental that you protect it and the contents from natural disasters, burglary, fire, or extreme weather.