Some Good Advice From A Chicago Insurance Company
I needed to seek professional advice from a Chicago insurance company and found there were a lot of people in this business willing to answer my questions.
This is my first time needing insurance and I had a few questions, the first being, what is the difference between brokers and insurance agents?
The difference is that my broker is a representative of many insurance I found out that the significant difference between a broker and agent is that a broker will represent several insurance corporations while the agent works for only one. My broker has the freedom to help me out in the event of a claim and an agent will do his best to help out the company he works for.
I also inquired as to saving money upfront purchasing my insurance and the answer made sense.
I could save money up front, but if I don't spend the money now, it might end up I don't have significant coverage at the time of a claim. I might even have to pay for something I didn't get proper coverage on. It is important to research the various ways of saving costs without any compromise on an important item that should be properly insured.
The jewelry is an issue for me, I asked if it is completely covered under homeowner's insurance. I did not realize that most household policies only cover about $1,000 and requires that I pay a deductible amount to claim. The recommendation is to purchase "valuable articles" policy separately to ensure that your most precious individual items are properly covered for the correct appraised amount.
My house insurance policy I learned, is to be insured for the cost to replace it should it be destroyed, and not for the cost to sell it again. A broker should help you come to a conclusion as to how much it will cost to rebuild my home should I have to hire contractors to replace it.
A good Chicago insurance company broker will help you come to a decision on how much it will cost you to re-build your house from scratch. It was advised that my policy should always cover the replacement costs although those costs could be more than how much the limit is on the insurance. - 23211
This is my first time needing insurance and I had a few questions, the first being, what is the difference between brokers and insurance agents?
The difference is that my broker is a representative of many insurance I found out that the significant difference between a broker and agent is that a broker will represent several insurance corporations while the agent works for only one. My broker has the freedom to help me out in the event of a claim and an agent will do his best to help out the company he works for.
I also inquired as to saving money upfront purchasing my insurance and the answer made sense.
I could save money up front, but if I don't spend the money now, it might end up I don't have significant coverage at the time of a claim. I might even have to pay for something I didn't get proper coverage on. It is important to research the various ways of saving costs without any compromise on an important item that should be properly insured.
The jewelry is an issue for me, I asked if it is completely covered under homeowner's insurance. I did not realize that most household policies only cover about $1,000 and requires that I pay a deductible amount to claim. The recommendation is to purchase "valuable articles" policy separately to ensure that your most precious individual items are properly covered for the correct appraised amount.
My house insurance policy I learned, is to be insured for the cost to replace it should it be destroyed, and not for the cost to sell it again. A broker should help you come to a conclusion as to how much it will cost to rebuild my home should I have to hire contractors to replace it.
A good Chicago insurance company broker will help you come to a decision on how much it will cost you to re-build your house from scratch. It was advised that my policy should always cover the replacement costs although those costs could be more than how much the limit is on the insurance. - 23211
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Get service from one of the premier Chicago insurance agents and you'll be glad you took the time.
posted by X - Men @ 3:02 AM
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