Insurance is a financial product that people buy because they need it, not because they want it. As a customer, you have the right to replace the broker who manages your company's benefits and insurance. You may need to change agents at some point, even if you want to keep your insurance. An agent can retire, for example, or you may like the company but want a more attentive person to work with.
Unless there is a change in your policy, simply changing agents with the same insurance will not give you a better price. It's important to research potential insurance agents before making a decision. Keep in mind that this only works if you switch to an agent who sells insurance for the same insurance company in the same state. Due to the complexity of the products, most states prohibit insurance companies from negotiating customer-by-customer rates.
A big advantage of an insurance agent is that you don't have to navigate the claim process independently. You'll also find that the process moves fast because you have every insurance company at your fingertips. Unlike independent agents, they are linked to these companies, so they are motivated to sell you insurance, whether or not it is the best option. Double-check the documentation for the name of your new insurance agent to verify that the transfer has been completed.
Whether you have personal or business insurance, the minimum coverage offered by companies is almost never enough. These agents are not afraid of committing insurance fraud if that means they will earn their commission. When you find the right agent, you know you're getting a complete picture of all your insurance options. Your agent should keep an eye on your policy and review it every year to make sure you have the right coverage at the right price.
You shouldn't want to work with an agency that is willing to partner with insurance companies that cut expenses, underinsure, or try to sell you coverage you don't need, just so they can pocket a few additional dollars. Whatever your reason, there are a few things you should consider before making the switch from one insurance company or agent to another. If you are changing insurance companies and you have more than one policy with your current provider, consider the discounts that can be applied to your policies for having several policies with one provider. In conclusion, yes, it is possible for an individual or business to change their insurance agent. It's important to do research and make sure that the new agent is reputable and trustworthy before making any changes. Additionally, it's important to consider any discounts or other benefits that may be available when switching providers.
