What Makes a Great Insurance Agent?

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What Makes a Great Insurance Agent?

When you are shopping for any type of insurance, you are going to want the help and advice of someone who understands the insurance business and who is truly interested in helping you protect yourself rather than making the most money. Unfortunately some insurance agents are in the business for their own benefit and will not tell you when you are paying too much or are buying insurance that you simply don't need. I am a former insurance agent, and I have seen the best and worst. This blog is about noticing red flags when it comes to sneaky insurance sales people and about finding the signs of a truly good agent.


Tips to Save on Renters Insurance

Renters insurance is an affordable form of personal insurance for people who lease apartments and other residences, but there are ways to make it even less expensive. Use these tips, and you could save on a renters insurance policy.

Purchase Renters and Auto Insurance Together

If you own a vehicle, the easiest way to save on both your renters policy and your auto policy is to purchase them together. When you get the two policies from a single insurance company, you'll qualify for a percentage-based multi-policy discount on each policy. Even if the percentage itself is small, it can add up to a substantial dollar amount that you save.

You can also bundle renters insurance with motorcycle insurance, boat insurance, homeowners insurance, or several other personal property and casualty insurance policies. These other types of insurance policies are less commonly needed by renters, though, so auto insurance is the most common to bundle.

Increase Your Renters Insurance Coverage Deductibles

Your renters insurance policy will have several coverages within it, and each coverage will come with its own deductible. A deductible is an amount that you pay before your policy begins to cover a claim. 

As an example, assume you lost $2,500 worth of covered possessions during a burglary. If your personal property coverage's deductible was $750, you would have to pay $750 toward purchasing new things and your policy would cover the remaining $1,750. What your liability deductible was wouldn't matter since this was a personal property coverage claim.

If you can afford to raise your deductible, doing so will decrease a coverage's premium accordingly. You should only increase a deductible if you have enough savings to pay that deductible in the event that you need to. For those who can afford a higher deductible, the savings can be quite significant. Even a small increase might lower a premium by a lot.

Compare Renters Insurance Quotes

As is the case with almost any product or service, shopping around is the best way to find a low price. The way to shop for renters insurance policies is to compare quotes from different companies. You can see what different insurers will charge for a policy and then, select the lowest one.

When comparing different renters insurance quotes, make sure the personal property and personal liability coverages are all the same on the quotes that you look at. This will help ensure that the policies are comparable to one another.