Johnson Strickland posted an update 1 month, 2 weeks ago
An insurance agent is an individual who sells, negotiates and offers insurance policies. He is the first person to approach clients and brokers for the purchase of insurance policies and to discuss their rates with them. An important role of insurance agents is to assist consumers in purchasing insurance policies from them. They are usually employed by big insurance companies and also by insurance brokers. The services that they render include offering advice on the benefits of various insurance policies, such as term life, whole life, health, automobile, homeowner, commercial, and life. They also offer advice on different rates of premium payments. In addition, they help clients compare different insurance policies and rates so that they can choose the most suitable one.Insurance brokers are independent persons and receive no compensation for selling insurance. Their services include advising clients about the various types of risks that they face and the extent of their losses. Apart from this, they also perform other functions that include collecting, storing and processing claims information from clients. In general, insurance brokers act as an intermediary between customers and insurance companies. They have to meet strict ethical and legal requirements for their transactions.It is essential to understand the different roles and duties of insurance brokers so that you know what kind of person you should deal with. An insurance broker should be someone who has a strong knowledge and understanding about insurance policies offered by different insurance companies. A good broker will be familiar with various insurance laws and regulations and will be able to provide the necessary guidance to clients. However, a good broker will not give up your policy when you do not pay your premiums on time, since he is the representative of the company and the insurance company.