June 1, 2021
In 2019, there were almost 6,000 insurance companies in the US. While this may seem like a lot, it's important to note that many agencies cater to their local area. Independent insurance agents have a thorough knowledge of their area and how to provide the best service possible.
This makes them an essential resource when planning how to protect your financial life. While you may think you only need to contact your independent agent if something terrible happens, you should have many other situations. Let's dive into the top reasons to contact your insurance agent.
If you are in a car accident, it's imperative to contact your insurance agent right away so you can file an insurance claim. An insurance claim is a request for reimbursement for the cost of damages of injury from an auto accident.
You also need to make sure the claim you are filing for has the correct coverage for any damage or injury. There are a few common coverages that you should consider carrying as part of your auto insurance policy.
Liability coverage covers injury (bodily injury coverage) and damage (property damage coverage) from an accident when you are at fault. Personal Injury Protection and Medical Payment coverages reimburse you for the costs of injury to you or your passengers, no matter who was at fault. If you have to miss work due to injury, it may cover lost wages as well.
Comprehensive and collision coverage is for damage to your car. Comprehensive coverage covers damage for events outside of your control or "acts of nature." Collision coverage is used when there is an accident while driving, regardless of fault.
Uninsured and underinsured motorist coverage helps cover the cost if you are in an accident with a person who has no insurance or not enough coverage and the other driver is at fault.
Since there is a wide range of insurance solutions available to protect you, it's essential to discuss your coverage with insurance agencies periodically. Opting for the lowest required policy may not be the best option.
An agent can discuss your unique situation and put together a policy that will work for you. You can search "insurance agent near me" online to find an agent in your local area.
In addition, you may want to contact an insurance agent if you are shopping around for new coverage or better prices. Independent insurance agents can work to create the best policy for you, but you'll need to ask for a quote to know what the price will be.
Significant life changes, such as marriage, divorce, having a baby, or changing jobs, can also change your insurance needs. If one of these events is happening for you, you should consider contacting your insurance agent. Each event may necessitate different coverages depending on your insurance carrier.
For example, if you are getting married or having a baby, you may want a more robust life insurance plan. This could help protect your new family if anything were to happen.
If you are buying a new home or moving to a new apartment, you should strongly consider homeowner's or renter's insurance. It may be required depending on your location.
Even large purchases such as a car or a boat should involve a chat with your insurance agent. They can help get the coverage you need for your new purchase.
If you own or are starting a business, you should contact an insurance sales agent. Businesses usually need specialized insurance based on their location and industry. It's essential to work with an agent to make sure you are fully covered.
You may want to consider worker's compensation coverage if you have employees. Property coverage can help financially protect your business if something happens to your property. For example, a storm could lead to financial loss if you don't have proper insurance coverage.
Liability insurance is also essential for many industries. It prevents loss for the business and owners if you are facing lawsuits of third-party claims. You may need to consider general, professional, or product liability insurance depending on your industry.
Even if you are making changes to your business, you should discuss them with your insurance agent. Something as small as adding a new service or product or changing your legal classification may necessitate changes to your insurance coverage.
If you're starting a business, you may also need to consider health insurance for you and your employees. A health insurance agent can help you find a group health plan that works for you.
But even individuals and families may need to cover their own health insurance sometimes too. You may end up with a very expensive or not comprehensive plan if you try to find coverage yourself.
Luckily, an agent can make sure your policy will work for your family's needs and meet your budget.
Your insurance agent is an expert when it comes to situations requiring insurance. But, they can also help you with other parts of your life.
Your agent's expertise could be put to good use if you need to build a safety program for your business or organization. Or they could connect you with resources that could help.
If you are facing major life changes, they can also help along the way. For example, buying a house is a complicated process. But your agent can help wade through the confusing parts to make sure you are fully protected.
Working in the insurance industry can be a great career choice. Many people may wonder, "how much do insurance agents make?" or "what training is needed to become an insurance agent?"
Your local agent can help you through these questions. They'll know the independent insurance agent's salary for your area. Plus, they can point you in the right direction to find training for different types of insurance.
Many people think they should only contact their insurance agent if they are in an accident or other similar situation. However, there are plenty of reasons to contact your agent. They can help you navigate many situations you may face.
Reach out to the experts at the Valeri Agency today.