Gone were the days where if someone has to buy any type of property and insure it, they need to meet an agent from any insurance company. Things have changed enormously in the past decade. The banking sector was allowed to enter the zone of insurance in many states across the nation and many nations across the globe. This time, there is no requirement to meet an agent in person to buy a policy or to insure a property. The reason – everything is now online. There is no contact with a company’s agents or brokers as every detail is placed in a respective company’s website and customer services are being provided through telephone or live chat.
Options for every individual
There are many types of platforms where an insurance company can sell their respective products and policies. For instance, if an individual wanted to purchase marine cargo insurance, he/she can directly go the company they want to buy a policy, with a certain amount of premium. In other cases, one can go meet a broker who has ties with one or more companies. These independent brokers can independently advise as per the need and requirement of the customer. In the first case, one can have a direct association with the respective company’s agent for the insurance they opt. In the second case, a certain amount of money is paid as a fee to the advisor for guiding them through the selection.
Select the right one through ratings
These days, identifying the right company that can pay your losses or compensate the damage is easy. That can be done through ratings provided by customers. Good, bad and ugly, everything is fair today, thanks to the internet.
The firms who rate these insurance companies might use various grades. However, the criteria used by all of them is more or less similar and depends on the management stability of a company, performance recorded from recent records and finally, the financial ability to repay the losses.
Services that can be acquired
It is important to know who the agent, customer care executive or even the broker you hire is to get an assured and valued service that is most required.
Always feel free to ask the following questions: Is there counselling provided for the type of insurance taken? Is there an annual review provided for the updates of coverage? Is there someone who can answer the insurance-related queries? Is there any executive to resolve all issues related to billing and claiming? Lastly, it is better to choose a provider who is close to your house or office, so that it is approachable.