Why Integrity First?
Integrity 1st is proud to be your Independent Insurance Agent.
Where should you buy your insurance? There are 4 places to look:
- Captive Agents, who can sell you the insurance of only one company
- Telephone Representatives, who can offer you the insurance of one company and only on the telephone
- Internet sites where you can fill out an application online and get an insurance quote without any help or direction from a qualified professional.
- Independent Insurance Agents who represent multiple insurance companies, and research with these firms to find you a variety of combinations of price, coverage and service that may fit your needs.
When you’re looking to purchase insurance you will have many decisions to make. Choosing an agent is one of your decisions that you must consider. Beyond the usual consideration there is one that is often overlooked and many times not consider at all. The consideration is should you use a captive insurance agent or an independent insurance agent? You may be asking the questions “what is a captive agent?” and “what is an independent agent?” But the biggest question is “why should this be a consideration?”
The term “captive agent” refers to the agents working relationship with the company he or she represents, and the same for the “independent agent”. A captive agent has an exclusive relationship with the company he or she represents. The company mandates that the agent only sells the products offered from that company only, for the privilege of working under their name. An independent agent has no exclusive relationship with any company he or she represents. The agent is free to choose the product he or she will sell and the company he or she will sell for.
Independent agents generally have a wide variety of products and companies. This variety is good for the client and the agent. The client has a better chance to find a company that can fit exactly what they need, the client can shop for the best price, the best company rating, and the best product without having to go or call company after company. The agent can look for what is the best product for this client.
There are many more facts to consider when choosing your agent, however don’t leave this consideration out.
Seth Janz is registered to offer securities in the states of Colorado, North Dakota, Minnesota, and Iowa, and insurance products in the states of Colorado, North Dakota, and South Dakota. This is not an offer to sell or solicit securities or insurance in any other state or jurisdiction.