I had no trouble getting good advice when I started asking questions of a Chicago insurance company.
This is my first time needing insurance and I had a few questions, the first being, what is the difference between brokers and insurance agents?
The main and most important contrast between employing brokers vs. agents, is that the broker represents more than one insurance company and an agent works for one company. A broker will make sure that my needs are met while an agent will be ensuring the interests of the company they work for is first. My broker would have access to various insurance companies to help me obtain replacement insurance in the event that I could not renew my policy for some reason.
I also inquired as to saving money upfront purchasing my insurance and the answer made sense.
If I need to make a claim and I went too cheap on coverage, then I might end up owing money on something that I wasn't properly covered for. There are many ways to purchase insurance without compromising something important that should be covered.
My jewelry is important and I asked if it is covered on my home-owners insurance policy. The answer surprised me in that it is only generally covered for up to one thousand dollars under most policies and there is usually deductible to pay. A policy called "valuable article" insurance protection should be purchase to cover the most important jewels at their proper worth.
House insurance should be coverage on how much it will cost to replace it if it burns down or in some other way is destroyed. This surprised me since my home is insured for only how much it would sell for on the market.
A good Chicago insurance company broker will help you come to a decision on how much it will cost you to re-build your house from scratch. It was advised that my policy should always cover the replacement costs although those costs could be more than how much the limit is on the insurance. - 23802
This is my first time needing insurance and I had a few questions, the first being, what is the difference between brokers and insurance agents?
The main and most important contrast between employing brokers vs. agents, is that the broker represents more than one insurance company and an agent works for one company. A broker will make sure that my needs are met while an agent will be ensuring the interests of the company they work for is first. My broker would have access to various insurance companies to help me obtain replacement insurance in the event that I could not renew my policy for some reason.
I also inquired as to saving money upfront purchasing my insurance and the answer made sense.
If I need to make a claim and I went too cheap on coverage, then I might end up owing money on something that I wasn't properly covered for. There are many ways to purchase insurance without compromising something important that should be covered.
My jewelry is important and I asked if it is covered on my home-owners insurance policy. The answer surprised me in that it is only generally covered for up to one thousand dollars under most policies and there is usually deductible to pay. A policy called "valuable article" insurance protection should be purchase to cover the most important jewels at their proper worth.
House insurance should be coverage on how much it will cost to replace it if it burns down or in some other way is destroyed. This surprised me since my home is insured for only how much it would sell for on the market.
A good Chicago insurance company broker will help you come to a decision on how much it will cost you to re-build your house from scratch. It was advised that my policy should always cover the replacement costs although those costs could be more than how much the limit is on the insurance. - 23802
About the Author:
Representing ga crandall and company, we have been a chicago insurance company since 1973.
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