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How To Choose And Maximize Use Of An Insurance Professional

How Do I Choose An Insurance Professional

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When deciding which insurance professional to use, consider the following:

State licensing:

  • Make sure the person you're using is licensed in your state to sell the types of insurance you need.
  • Ask to see the person's license. (It may already be hanging on the wall.)
  • If there's any doubt, check with your state's insurance department offsite link.

Credentials:

  • Generally, the more time your professional has spent becoming an accredited expert, the more likely he or she will work for you and your needs regardless of commission.
  • If you are considering purchasing life insurance, look for someone who has the initials CLU (Chartered Life Underwriter) after his or her name.
  • If you need liability, home, auto, or other property/casualty insurance, look for someone who is a CPCU (chartered property casualty underwriter.)

Experience: Ask the person if he or she has experience working with someone of economic standing similar to yours. An agent who is used to writing multi-million dollar umbrella liability policies may not be the best person to help you save money on your car insurance. If you're considering buying life, health, or disability insurance, find someone who has experience assisting people with a history of health conditions.

Personal Recommendations: While the recommendations of a friend, colleague, relative, acquaintance or opinionated loudmouth on your bus might be helpful in choosing an insurance professional, you should still consider the above. Just because a person hasn't had a problem with a particular agent or broker doesn't mean you won't.


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