Independent Agent

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Independent Agent A representative of multiple insurance companies who sells and services policies for records which they own and operate. A one-stop shopping for all of your needs. The independent agent acts as a middleman to connect insurance buyers and sellers in order to facilitate a transaction. Independent agents receive commissions for the policies that they sell and are not considered employees of any specific insurance company. It is often beneficial for a customer to work with an independent agent because they may be able to quickly research multiple policies and rates across various insurance companies. Independent agents are different from captive agent we will examine their differences in a subsequent post. An independent insurance agent is a trained professional working on your behalf which makes you more likely to get a fair settlement. This is a major advantage when it comes to filing a claim. Insurance claims are complicated, and it’s easy for policyholders to get lost in the process and the technical terms involved. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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