With so many options for homeowner’s insurance coverage, it can be difficult to know which provider is best to fit your needs. It can be tempting to choose the insurance company that has the funniest or most clever commercials on TV but purchasing insurance to protect your home is a big decision that shouldn’t be made on a whim. And buying without the help of expert advice often means that you’ll end up paying more for less coverage. Illinois homeowners must do their research to find an agent that has their best interests in mind. Keep reading to learn more about the benefits of working with an independent home insurance agency.
What is the Best Home Insurance Agency for My Needs?
When purchasing a home, it’s easy to just go along with the suggestions made by your lender or real estate agent for finding an insurance agency. But often, those providers work for a single insurance provider and are unable to help you shop around for the most comprehensive policy at an affordable price. One of the biggest benefits of working with a local independent insurance agent is the fact that you have a ton more choices for coverage.
A Wealth of Choices
Because independent insurance agencies represent an average of 5 to 8 different providers you can essentially enjoy one-stop shopping and compare quotes from a wide range of companies. Simply discuss your insurance needs, budget, and any additional coverage options that you’re interested in with your insurance agent and let them come back to you with a few different quotes to choose from.
In addition to saving a great deal of time by gaining access to multiple providers, you can trust your independent insurance agent to always offer you unbiased advice. Because they aren’t under contract to promote one provider over another, they can freely share their knowledge of the industry and answer any questions you may have about the buying process.
Maximize Your Savings
Additionally, an independent insurance agent is always working to save you more money. Not only does this help to establish a good working relationship but it helps to keep you happy. There are many insurance discounts available out there but not all insurance companies apply them automatically. An independent agent acts as your advocate when dealing with your insurance provider and will always look for ways to maximize your savings. They’ll also be happy to reach out to insurance companies when it’s time to file a claim and make sure you get a fair settlement.
Not All Insurance Companies Are Created Equal
Depending on the location of your home and insurance history, certain insurance companies may deny you coverage. So, even when working with an independent agent, it’s important to keep these factors in mind. Some of the most common disqualifying factors for home insurance coverage include:
- A criminal history
- A history of excessive claims
- Lapses in coverage
- Operating a small business from your home
- Living in a high-risk location
- Not keeping up with important home maintenance needs
- Hazardous features including damaged foundation, unsafe roof, etc.
Additionally, if you have lifestyle or work needs that require you to leave your home unoccupied for long periods, you may be denied home insurance coverage from certain insurance providers.