FRIDAY, DECEMBER 5, 2014
What are the differences between an Independent agent and a Captive agent?
Independent agents represent multiple insurance carriers, offering you more choices of coverage and quotes for different types of insurance. This gives you a choice in price and typically more choices in coverage options. You want to make sure the carrier has a strong financial rating of at least "A" based on the ratings of A.M. Best.
Captive agents are typically bound to represent one company, limiting your options of pricing and coverage. As the parent company owns the agency, there is little choice in products and pricing is up to the parent company.
There are many benefits for the policyholder in teaming up with an Independent agent. As a representative of several different carriers, the agent knows which carriers provide specialty products, which carriers give discounts for newer homes, roof age, etc. and can reduce your rates with a single phone call.
Has your insurance company raised your rates or changed underwriting criteria which triggered a non-renewal? If so, an Independent agent can offer alternative markets, having many carriers to work with for a wider variety of risks.
Why wait? Give us a call today at 219-462-2166 or request a quote online at www.mastersonalliance.com. We are here to help you and serve you.
Our motto is Better Coverage for Less Money!!