12:09
hanif
Let's start off by going over the basics types of insurance agents. Are their different types you ask? Yes!
We will start with your captive insurance agents. They are called captive agents because that is exactly what they are. They are captive to one insurance company and can only offer you insurance products from the company they represent. Examples of some captive agent would be a Farmers, Allstate, American Family, Nationwide...etc. Not the best route to go if you want an agent who can help you shop for the best deal on your insurance. No matter if it is insurance for your home, car, life, health, business, etc a captive agent can only get you an insurance quote from the insurance company that they represent. I would not say that you can not find a good captive agent, but I will say if you are trying to get the most from an agent, a captive insurance agent will be limited to what they can do for you.
Next type of agent will be your direct agent. These are agents that are similar to captive agents in the since that they can get you only insurance quotes form the company they represent. One major difference is a direct agent will typically work in a call center and sell from a one central location. A good example of a direct agent would be a Safe Auto agent or an agent for The General. These agents will take incoming calls from ads they run. You call in and sell and close the business, directly on the spot, over the phone. Once again we come back to the fact that they can get you only a quote form the company they represent. This is a good way to get insurance if you need coverage right away and can not wait to shop around.
The last type would be an independent agent. An independent insurance agent is someone that will represent multiple insurance companies. This does not mean they can go write your insurance with any company out there. They have to have, what's know as, an appointment to write insurance with that company. To get an appointment with companies that offer them to independents you must hit production requirements. Smaller independent agency might not represent as many companies as a larger agency could. So not all independents are equal. Some agencies carry more appointments that other. Examples of large independent agents would be any Insurance Market Agent.
This sums up the basic types of agents. Now it is up to you to decide who you would want to buy from.
Article Source: http://EzineArticles.com/?expert=Brianna_Baiocco
Article Source: http://EzineArticles.com/6942707
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