Why Use an Independent Insurance Agent?

Why should use an insurance agent for your Home, Auto, Umbrella and Life Insurance?

I would start with, why wouldn’t you use an insurance agent to help you shop, purchase, maintain, and navigate through purchasing your Home, Auto, Umbrella and Life insurance? Just that sentence sounded like a lot of work! What does an insurance agent do for you? Let’s count the things.

What does an Independent Insurance Agency Provide?

An Independent Insurance Agent Can Save you Time!

We shop your insurance Saving You TIME! Not only do you not spend hours on your computer typing in your VIN or home address, but they actually know what you need to buy better than you do! Instead of just buying cheap car insurance that does not cover a chipped windshield they make sure you have the coverage so when you need it, you have it.

When you work with an independent insurance agent like those at Bancorp Insurance, you gain access to dozens if not hundreds of insurance companies to quote and place your insurance coverage with. We can do all of it too, Home, Auto, Umbrella, Life, Boat, RV, ATV or Snowmobile. I will not go on, but you get the idea, we can provide all the coverages you need in life…all in one place so you only have to make one call for service.

Do you have time to shop dozens or hundreds of insurance companies? No, and your time is valuable. Stop wasting it on browsing insurance websites and start spending time on what matters like snuggling with your family on the coach for a movie night.

What Does an Independent Insurance Agent Do?

Insurance is complicated! It’s no wonder that you are struggling to learn it. Your insurance policy is a 52 – 150-page document written by lawyers which is edited and adjusted as needed state by state. Did you know most insureds only spend 27 min looking at their insurance policy when the average time to read it is between 3-5 hours! When you choose to work with an independent insurance agent, you don’t have to be an insurance agent, because we are! Our agents are licensed and continue to learn with 24 hours of continuing education every two years to stay up to date on all of the changes and updates happening in the state they reside and service.We exist to serve you! Calling the insurance retailer an agent is not an accident.  The independent insurance agent is actually your legal representative – your agent – to the insurance company.  The agent is licensed by your state and carries with them the fiduciary responsibility to be your advocate. They must put your interests first over and above their own, or the insurance company.  Even though the agent is paid by the insurance company, they work for you. We do this by fighting for you to get more or better coverages or by pushing back against the insurance company if we feel they are not correctly handling a claim. Having an Agent on your side when you are working with an insurance company is like having a 6’6″ 200-pound best friend in a bar fight.Working with us Protects You! Now let me explain this one. We are all human, if you make a mistake when purchasing your Home, Auto, Umbrella or Life insurance who has to pay cash money to fix it…that is right you! But, if you work with an Insurance Agent and we make a mistake, like selling you an insurance policy that is supposed to meet your needs, but it doesn’t. That agent may well be liable to you for malpractice something known in the industry as Errors & Omissions. Insurance Agents have an Errors & Omissions insurance policy, just like a surgeon has a malpractice insurance policy. Your lawyer can file suit against the agent and their malpractice insurance to recover damages you suffer as a result of failure to act properly in your interests. I cringe writing this because I never want a customer to sue one of our agents, but as unpleasant as it is for everyone, this is a layer of protection that a consumer enjoys when working with an agent.We Don’t Cost You ANYTHING! This one slays me. If you could have someone do all this for you, what would you expect them to cost? $50, $100, $500… We are paid commission by the insurance company which means when you come into our office, the time we spend with you is free of charge. We keep the lights on by selling insurance and you get our knowledge, guidance, service, extra protection and smile FOR FREE. Bancorp Insurance does not charge a fee to sit with an agent or get a quote.

So, lets recap. By using Bancorp Insurance as your independent insurance agent, you Save Time, Get Better Coverage, Get additional Protection if Coverage is not placed correctly, and you get someone in your corner against an insurance company any time you need help all for the same price you would pay to go directly to an insurance carrier.

For me this is a no brainer, which is why I trust Bancorp Insurance with my own insurance too. We are always just an email or phone call away. So, let’s chat!

Bancorp’s insurance experts are available to provide you with a free review and consultation.  Contact Us – Bancorp Insurance Call 800-452-6826

Disclaimer: This content is provided for general information purposes and is not intended to be used in place of consultation with our agents.