Rollo Insurance Blog
Whether you own a home, a commercial property, or both, you need property insurance to protect it. According to IBISWorld, the U.S. had 410,176 insurance agencies and brokers at the start of 2023. That's a lot of licensed insurance producers available to provide you with insurance protection. How do you know which insurance agent or broker to use? Let's take a closer look and what you should look for in an insurance producer.
Proof of Licensing and Bond Protection
An insurance agent or broker should be licensed to do business in the state in which you live. Every state has a process that gives insurance producers the licensing needed to sell insurance within their respective borders. An insurance agent should have a state licensing certificate that affirms that person's professional credentials. The agency or brokerage also should be bonded to protect policyholders against mistakes that might be made. You should be able to see proof of licensing and bonding.
Works With Top-Rated Insurers
You need to do more than locate an insurance agent who is licensed, bonded, and reputable. The policies an insurance professional offers should be reputable. An insurance policy only is as good as the insurance company that underwrites it. If the insurer goes bankrupt, your residential or commercial policy could be completely worthless. You should check the roster of insurers with whom the insurance producer does business and make sure those insurers are solvent, reputable, and have a strong history of supporting their policyholders.
Ability to Get Rate Discounts
Your insurance agent should know how to help you to obtain discounts on your insurance premiums without sacrificing your coverage. The agent or broker should know if installing a security system, fire suppression system, and other preventive equipment will lower your rate, for example. The ability to help you to get the best coverage for the lowest price is important.
Now that you know some of the important things to look for, you can get started. Give Rollo Insurance a call today to find out how our accredited team can help you get the best coverage for the best price.