What is an Independent Agent?
About this episode
This episode discusses the role of independent insurance agents in a rapidly changing insurance market.
Insurance Is Changing Fast [0:00] Insurance has always been about protection, but the way people shop for coverage has changed a lot. Today, you can buy a policy online in just a few minutes, compare prices from your phone, and even use technology to review policy language. That convenience can be helpful, but it also comes with a risk. Insurance policies are still legal contracts, and the details matter. What looks simple on the surface may include exclusions, limits, or conditions that can make a major difference when a claim happens. As technology continues to change the insurance industry, the value of having a real person who understands your situation has not gone away. In many cases, it matters more than ever. Rising Premiums Make Options More Important [3:45] Many people are feeling the pressure of higher insurance costs. Home, auto, commercial, and health insurance premiums have all been affected by inflation, claims activity, storms, litigation, and changing market conditions. In Georgia especially, Mark and Kathy discussed how rate increases have been much higher than general inflation in some cases. For customers on fixed incomes, including many retirees, even a…
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