Because You Asked:
I’ve heard the saying, “If you don’t know jewelry, know your jeweler”,
but isn’t insurance all the same?
From time to time Monica and I get away from the office to sandy sunny destinations. I’m always amazed at the super great deals we see in the straw markets at some of these destinations. As tempting as it is, I refrain from buying gigantic diamonds for my gal at a fraction of the cost I see in the local jewelry store. I figure if the diamond shatters a few weeks later I wouldn’t be able to return to the place of business, I wouldn’t know the guy who sold it to me, and whatever I said about the experience in a Google Review it wouldn’t do me any good.
I hear stories and have even experienced events of my own where a product or a service promised didn’t turn out the way it was presented. Who hasn’t? In the insurance business claims can be denied because of fine print limitations or exclusions. What may seem like an awesome deal on a new policy can turn out to be a scam. I must admit that there are even scum bags in the insurance industry just as there are in any other profession.
Unlike a sand-floor thatched roof hut selling “diamonds” that we can easily live without, insurance for your home and autos is a necessity. How then, do you know you are working with a professional agency and insured by a reputable insurance company?
You have to do your homework. You have to sort through the good, the bad, and hopefully avoid the ugly. Choose an Independent Agency that works with different insurance companies. Go online and research the agency you selected to see what others are saying about them. Go to the Indiana Department of Insurance to verify that the agency is actually licensed and in good standing. Find an agent willing to take time to explain the coverage, their processes, and answer any questions you have about the company. Lastly you can check the ratings of an insurance company with AM BEST, Standard & Poor’s and Moody.
No matter whether you are in the market for home, auto, business, or life insurance, the same can be said, if you don’t know insurance, you should know your insurance man. Do your homework and feel free to ask us any questions!