There are many disadvantages to buying insurance direct rather than through an agent.
Following are some of the pitfalls that can be associated with doing it by yourself:
1. Lack of Expert Advice
Unless you are an industry expert, chances are you may not fully understand the complex and confusing language used to describe various programs and alternatives when purchasing a policy.
Working with an agent provides the expertise you need to explore several different types of riders and addendums and also ensures that you get the right protection at the most competitive price without experiencing any gaps or duplicates of coverage.
2. Lack of a Local Advocate
Insurance is big business, but when it comes time to file a claim or ask individual questions, it’s important to have a personal advocate who is able to provide a single source of contact for all your needs.
Few things are more challenging than attempting to deal with a major loss or injury while having to hunt for the right names and numbers when dealing with insurance. Instead, one simple call to your reliable local agent is all that’s required.
3. Privacy Problems
Shopping for insurance online sounds convenient, but the reality is that it’s often far less appealing. Teaser websites, privacy problems and a flood of telemarketing calls are just a few of the common pitfalls associated with online insurance quotes.
Trying to make changes or adding specialized riders to a policy can quickly create confusion, if not outright chaos.
On the other hand, when working with a local agent it’s easy to verify the reputation of the agent and office well in advance. Plus, customizing a quote couldn’t be simpler.
Just ask your agent about the desired coverage or policy changes. You won’t have to fill out endless forms and wait for return calls from total strangers.