In the previous article, we discussed the three most common ways to purchase insurance : (1) buying direct from an insurance company, (2) buying from a captive agent, or (3) working with an independent insurance agent. We wrote about some of the benefits and drawbacks for each, and how we are convinced that working with an independent agency such as Homewood Insurance Agency, is probably the best option for most situations, and for a variety of reasons. Take a look below to read five excellent reasons why we believe this is the case.
1 – Offers a Range of Services
Independent insurance agents are professionals who can offer insurance policies to suit all of your coverage needs. While buying direct or through a captive agent may sometime leave you with limited choices, you’ll find that working with an independent insurance agent is quite the opposite. Whatever type of insurance your family or business requires, an independent agent will be able to provide you with a competitive quote. This includes everything from vehicle and homeowners insurance, to health and life insurance. If you’re a business owner, an independent insurance agent is still a great choice as they can provide everything from your basic commercial insurance coverage to workers compensation and employee benefits.
2 – Provides Choices of Insurance Coverage & Cost
Because independent agents work with numerous insurance providers, they can offer you more varied policy options than a captive agent or when buying direct. Think of them as an insurance “broker,” who has relationships with multiple companies, but is not tied to any specific provider. They can provide you with several options for each type of coverage you may need, so you can get the right coverage at a price you can afford.
3 – Supporting the Local Economy
Wherever you may live in the greater Madison area, you can find an independent insurance agent within a few minutes of your home or business. Not only is this convenient, it also means that you’re supporting a local small business. In addition to that, you can be assured that your local independent insurance agent is familiar with Wisconsin insurance law and are aware of state insurance requirements.
4 – Personalized Customer Service
Working with an independent insurance agency such as Homewood Insurance Agency, offers you the opportunity to have a personalized relationship with your agent. Over time, they’ll learn more about you, your lifestyle, and everything else about you that makes your insurance needs unique. This can be quite helpful in determining the full scope of your insurance needs. If something happens in your life that could require alterations to your coverage, such as getting married, having kids, buying a new home, or starting your own business, independent agents are in a unique position to easily help you and make sure you are covered properly. Additionally, in the event that you have to file a claim, your independent insurance agent will provide customized claim service and help you to step through the process.
5 – Independent Agents Work for You
On the topic of filing a claim, it’s a great advantage to work with an independent agent as opposed to buying direct or working with a captive agent. When buying direct, you and your claim could be shuffled around and you’d have to advocate for yourself. When buying through a captive agent, you have someone to step you through the process, but they’re working on behalf of the insurance company and may not always be in a position to represent your best interests. When you work with an independent insurance agent, they can help you through the process without any hesitation or consideration for others involved.
These are just five of the benefits of working with an independent insurance agency. We’re confident that you’ll find what we have to offer at Homewood Insurance Agency is far superior to any other choices you might have, and we promise that you will not be disappointed.
