There are a lot of insurance companies who would like to sell you homeowner’s insurance. Some offer incentives and others capitalize on clever advertising; anything to convince you that their product is best. So, how do you know which homeowner’s insurance policy will meet your needs? Your best bet is to find an insurance broker that represents several different insurance companies. But in a sea of choices, how do you choose the best broker for you?
Before You Choose, What Is an Insurance Broker?
The simple answer is that an Insurance Broker represents several different insurance companies, not just one. Not all insurance policies are the same and you should never purchase insurance based solely on cost. The Insurance Brokers helps you find the policy that will give you the coverage you need at the best possible price.
What’s the difference between an Insurance Agent and an Insurance Broker? Unlike an Insurance Broker who represents several different insurance companies, an Insurance Agent (or captive agent) typically works for one company only. They are limited to what that company offers and cannot help you compare products.
Finding the Right Insurance Broker
Here are some tips for finding a good Insurance Broker.
#1 – Get Referrals
Ask your friends or family, or consult Yelp. Find out who others are using and what they have to say about their services.
#2 – Talk to the Insurance Broker
I know that most of us are hesitant to call, worried we will get involved in a bad relationship, but you must. In fact, you should set up a consultation to go over your personal and business needs. A good Insurance Broker will take the time to ask about all the areas where you might need insurance.
- Homeowner’s Insurance
- Automobile Insurance
- Commercial Insurance
- And Others
Why? Because many companies offer discounts for multiple policies. Plus, you do not want to pay for duplicate coverage.
A good Insurance Broker will also ask about your family. Does your teenager qualify for Driver’s Ed or good grade discounts? How many miles do you drive your car each week? There are often discounts for low mileage. Do you watch children in your home? What kind of dog do you have?
All of these questions are important and the answers can affect which policy is best for you.
#3 – Look for Longevity
Depending on which report you read, as many as 90% of all new insurance agents don’t make it. There are a lot of reasons for this, but the bottom line is that you want to find an Insurance Broker that has been around for a while and knows what they are doing. Longevity probably means that they are experts in their field and know how to treat their customers well.
#4 – Look for Someone Local
By searching online, you can find insurance anywhere. However, you want a company that knows your state and local laws. It’s also a good idea to find an Insurance Broker close by that you can actually sit down with and get on the phone when you need to.
Post Insurance has served the needs of homeowners in California for over 60 years. We provide all types of personal insurance including Homeowner’s Insurance at the most competitive rates. Post Insurance is the largest Insurance Broker in the Torrance area, representing over 50 different insurance companies. Call today to schedule a consultation. Together, we can protect your property and the ones you love.