Benefits of working with a Licensed Insurance Agent

When selecting an agent, choose one who is licensed to sell insurance. Also, choose an agent with whom you feel comfortable and who will be available to answer your questions. Remember: an agent may represent more than one company. To verify whether an agent is licensed, contact your state licensing board.

Agent

Though not an absolute separation; an agent is an insurance company's representative by way of agent-principal legal custom. The agent's primary alliance is with the insurance carrier, not the insurance buyer. A broker generally has no contractual agreements with insurance carriers and relies on common or direct methods of perfecting business transactions with insurance carriers. This can have a significant beneficial impact on insurance negotiations obtained through a broker.

Insurance

Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.