There are some things your insurance agent wishes you knew. These bits of information make the insurance process easier for everyone involved, especially you, the policy holder. Your insurance agent wants to help and make your life simpler. However, everyone has to be on the same wavelength for this to happen.
Here are five things your insurance agent wishes you knew.
1. Insurance agents cannot read your mind.
An insurance agent can provide you with coverage, but they do not have psychic powers. “We need to know who lives in your household and who drives your car(s),” says Frank Doyle, Senior Vice President at AAA Northeast Insurance Services. “We aren’t trying to be nosy, but if you want your policy to work to cover you, you need to let us know who lives with you.”
Insurance agents will ask you a lot of questions about your life because it helps them determine what kind of protection you need for your life and property. If you have a certain need in your coverage, please speak up and inform your insurance agent.
2. Keep your agent updated when your circumstances change.
If there’s a new driver in your family, your insurance agent needs to know. If you’re thinking about buying a house, your insurance agent needs to know. If you’re planning to remodel your home, your insurance agent needs to know. A change in your life means a change in the kind of coverage you need. Evaluate your policy once a year to see if it needs to be updated.
3. Insurance agents need you to be honest.
If you have had legal trouble or a car accident, your insurance agent needs to know. They won’t judge. They just need all the information to make the best decisions for you, and that includes the whole truth and nothing but the truth. Best to be honest now then pay for it later with a policy based on false information.
4. Different circumstances need different kinds of insurance.
There is no “one size fits all” plan. Insurance coverage is based on needs, which vary from customer to customer. What is best for a young family is not what is best for a single adult or an older couple. Someone who owns a house in the country will have different needs than someone who lives in a city apartment.
5. You can ask as many questions as you want.
Insurance policies have a lot of components, and you are not expected to automatically know them all. If your insurance agent uses an unfamiliar term, do not be afraid to ask what it means. If you want to know why your policy is set up in a certain way, ask. A good insurance agent will answer your questions.
And ask about discounts! Companies offer multiple discounts based on your driving history, how many cars you own, your AAA membership, your age and so much more.
For more insurance advice, visit AAA.com/InsuranceConfidential.