Benefits of Working with an Independent Insurance Agent or Company

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Purchasing insurance, of any kind, can be complicated and confusing. After all, you are buying a promise of protection that may make or break your financial health and future. When facing this buying decision, you have to consider what insurance options are right for you and figure out how to get the best value for your money.

One of the best ways to ensure that you get the right insurance policy that meets your budget and protection needs is by working with an independent insurance company or agent. Some of the benefits of doing this can be found here.

They Give You a Choice

An independent insurance agent represents many different insurance companies and they offer an array of price points and coverage options. On average, most independent agents sell for eight or more companies.

What this means is that you don’t have to accept a quote from one company, and you don’t have to spend your time filling out multiple online applications to get quote offers. With an independent agent’s connections and experience with this market, they can typically help you find more value for your insurance dollar that you are going to find searching on your own.

An independent agent does all the shopping and you get to save. It’s a scenario that makes sense for most people.

Independent Agents are Licensed Experts

An independent agent can explain all the complexities related to insurance in simple, easy-to-understand terms. With this information, you can make smart decisions that are going to be beneficial to you and your family.

These agents have made a career out of figuring out what their client’s insurance needs are and matching these needs with the insurance company that is best able to cover these needs for the right price.

They are Personal Advisers

With an agent, you have someone working to find you the most competitive price for the policy you need, but they are also going to ensure you have sufficient coverage. By working with an agent face-to-face, you have someone that turns into a personal adviser, listening to your concerns and getting to know about your needs.

If a loss occurs, you need to have a policy that can cover the expenses. An agent will make sure you are covered in every way necessary.

They Provide a One-Stop-Shop for Insurance

An independent agent can typically handle all of your insurance needs by utilizing the policies offered by the companies they represent. Most independent agents offer an array of products, including business coverage, renter’s insurance, home insurance, auto insurance, and more. There are some that offer health and life insurance policies, too.

Get the Coverage You Need from an Independent Agent

If you want to feel confident you are getting the insurance coverage you need for a price you can afford, it’s best to work with an independent insurance agent. Doing so is going to pay off in the long run. If you are ready to get started, contact the professionals today.

Important Factors to Consider Before Choosing a Health Insurance Policy

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Dealing with medical problems is something everyone will have to do at one time or another. Instead of worrying about the cost of the medical care needed, you should be able to focus more on getting better. If you are one of the 29 million Americans without health insurance, getting the quality care needed to treat your ailments can be difficult.

If you are tired of being unable to get better due to a lack of health insurance coverage, now is the time to take action. With the help of a reputable insurance agent, finding a comprehensive and affordable health insurance policy will be easy.

Here are some of the things you need to consider before choosing a health insurance policy.

Understanding Policy Premiums

One of the first things an insurance agent will present you with is information about a policy’s premium. In layman’s terms, this is the amount of money you will pay each month for this coverage. While it is important to consider the premium, this should not be the only factor you consider.

Typically, a policy with a low premium will have a high deductible. A deductible is the amount of money you have to pay before your health insurance coverage kicks in. Paying a bit higher premium can reduce the deductible amount significantly. Allowing an experienced insurance agent to offer guidance during this process can help you avoid mistakes.

Check the Out of Pocket Expenses

After you assess the monthly premium, you need to find out more about the out of pocket expenses associated with the health insurance policy in question. One of the most common out of pocket expenses you will have is the deductible, but there are others.

Many policies require you to pay for some preventative care services and even immunizations. Another out of pocket expense you need to find out about is the copay. This expense is a flat rate fee that you will pay every time you visit your doctor. Once you figure out how much a policy will actually cost, you can easily see if it is the best fit for your budget.

Consider the Prescription Drug Coverage a Policy Offers

Another important factor to consider before choosing an insurance policy is the prescription drug coverage it has. If you are already on certain medications, then making sure the policy covers them is important. The last thing you want is to pay for these prescriptions alone due to the high cost.

Usually, you will have a copay on all medications. The amount of this copay will fluctuate based on what type of medication you are getting. If you want to save a few extra dollars, opt for generic medications instead of name brand. There is generally no difference in these medications and it will help you avoid spending more money than you can afford.

The Right Insurance Agent Can Help You Out

Are you looking for a free health insurance quote? If so, click here to find out how The Nolen Agency Insurance Can help.

Insurance Deductibles Made Simple The Nolen Agency

If you're just stepping into adulthood or an overall beginner in the world of insurance, deductibles can be complicated. Even some experts have trouble deciding what the best deductible for their home or automobile is. Today you will learn the definition of an insurance deductible, how they work, and other basics to make choosing an insurance policy easy.

What?

An insurance deductible is the amount of money the policyholder – you – will have to pay before the insurance company starts paying for you.

For example, if your home suffers $5,000 in damages and you have a $1,000 deductible, you have to pay the $1,000 and the insurance company pays the remainder, if you choose to file a claim.

How?

Insurance protects you financially, but you must do your part. Companies will charge you based on this risk you're willing to take. Your risk is the amount you wish to pay in case of an emergency – your deductible.

Who?

In most cases, insurance companies will set a minimum deductible. You have the option to increase the amount. However, it cannot be lowered. The company’s minimum varies by state and policy. Whether you choose the minimum or maximum amount, you ultimately decide on how much your deductible will be.

Am I Choosing the Right Amount?

The right amount is generally based on worth and affordability. You can seek guidance when choosing the value of your home, automobile, and other insurance policies from an insurance or appraisal company. Remember, the higher the risk you are willing to pay is less risk for your insurance company. In simpler terms, higher deductibles result in lower premiums and monthly payments. The lower the deductible, the higher the amount.

Different Policies, Different Deductibles

Different insurance policies offer separate deductibles. Because policies are regulated by the state, ask your insurance agent or state insurance commissioner about your state laws for a better understanding.

The Nolen Agency is an independently owned Texas agency. Our offices are in Chandler, Texas and Athens, Texas. We offer personalized customer service, a wide range of provider and products, home and auto quotes, and many other services. Contact us today for quotes and answers to all insurance related questions from one of our friendly agents. Once you’re on board, you can join our referral program. Spread the word to friends, family, and neighbors and receive a $25 gift card when they ask for a quote and mention your name!