How do you pick the right insurance agency?

By: Spencer Kilpatrick

A recent ad used by a popular insurance company tells you, “Only pay for what you need.”

Some of you might find yourself asking some good questions:

“What DO I need? How much insurance is enough? How much insurance is too much?”

In today’s economy, price is king. There will always be several insurance companies to choose from. There will always be a cheaper policy available, but you should know first what you are paying for. 

 When shopping insurance, especially online, it’s pretty common to ask for an “apples – to – apple quote”, which means you want the same coverages you currently carry, only cheaper. But what is the significance of the coverages you currently carry? Do you have the same coverages since you were 18 and purchased your first policy? Your insurance coverage should reflect your current needs, and it’s very possible that your needs have outgrown your current coverage.

When dealing with an experienced insurance agent or risk manager, you should be asked some tough questions like, “Do you have the assets to protect yourself from a million dollar lawsuit over a car accident? Does your policy coverage uninsured drivers?”

Protecting your family from the unknown is exactly what insurance is for, and if you are choosing not to consistently reassess your insurance needs, you may be missing the big picture. 

Insurance is a two-way street, and you should be asking your agent tough questions as well. You should ask your agent, “Why did you select these coverages for me? How would you handle a claim? “Why should I choose your agency?”

In the long run, developing a relationship with your agent will pay off far better than saving a few dollars every month.  But if you do not feel that your current insurance needs are being met, or if your agent is unable to explain why your coverages are sufficient, please contact Castle Insurance for a comprehensive risk assessment.