Insurance is complicated, and most people don’t realize how serious their mistakes are until it’s too late. After spending time and money signing a policy, you would expect that you would easily get a claim. You would expect to be compensated. But mistakes made months or years ago when signing that policy could leave you underinsured, or worse, leave you …

Choosing an insurance policy entails an important first step—deciding how to buy a policy. You can choose to buy one straight from an insurer, use a site that showcases and compares policies, or choose to associate yourself with a professional—an insurance agent or an insurance broker. For many, the difference between an agent and a broker is not that clear. …

It’s annoying to realize you cannot find your insurance policy documents. They become truly elusive at the worst possible moments — during a traffic stop for a car insurance related law violation, at a vehicle inspection center, during the customer service claim form, or at a bank when proof of your insurance is a prerequisite to a loan. You will …

Many customers pay too much for insurance. It is not due to lack of competition. It is due to the perception that it is too complicated to compare policies. Customers perceive that comparing insurance policies takes too much time. Customers are confused. Customers are overwhelmed. Insurance has a lot of technical terminology. Insurance policies have different types of coverage. There …

Insurance agencies are one of the best options for a professional career because of the low start-up costs, unlimited potential to earn, and ability to make a real-life impact. Protecting a business’s and people’s most valuable assets, such as health, vehicles, and real estate, as well as the financial futures of their families, is how you earn as an insurance …

Few industries are older or more lucrative than insurance. Despite paying premiums each month, many are unaware of how insurance companies profit off of them, which may seem contradictory. Insurance companies may seem to profit off of their clients’ money. They promise clients they will receive their money back should something unfortunate occur, but they still seem to profit off …

In theory, submitting a car insurance claim should be easy for policyholders because that is essentially what taking out a policy is for. Unfortunately, for millions of motorists each year, the claims process is unnecessarily complex, baffling, and stressful. Claimed forms are constantly denied, claims adjusters request documents that were never mentioned, and there are telltale delays in the claims …

Are we still wondering how brokers make mandatory commission-based sales? Insurance brokers do have a unique role in the financial ecosystem, but to make their revenue they must expense this service to customers to cover their operating costs, and per revenue/client service contracts. Insurance has also experienced significant changes within the commission brokerage. Insurance Brokers have a responsibility to make …

Whether you’re talking to an insurance agent face to face, by video, or on the phone, it’s common to wonder exactly how they get paid. Various professionals have different billing practices: doctors charge their clients directly, and contractors issue invoices. In an insurance transaction, the consumer pays the insurance company. The company issues the policy and the agent gets paid. …

Most people don’t realize that when they sell a car, there is a lot of paperwork involved. One of the most important, yet overlooked, aspects of the transaction is selling the insurance policy. When a buyer buys a car, the buyer car and the seller’s car insurance policy do not get fully transferred until the seller takes the proper steps. …