If you are looking for insurance, you have probably heard of independent insurance agents of Central Florida. Independent agencies are popular with families and small businesses because they have many benefits over captive companies. Here is an explanation of the difference between these two types of insurance firms.
Captive Insurance Agents
Captive agents work for a single insurance company, so can only choose from that company’s policies. Obtaining insurance through a captive agent is advantageous if the company has the exact type of coverage you are looking for. The disadvantage is that a captive agent cannot sell you a policy from another company, even if it is a better fit for you.
Independent Insurance Agents
An independent agent is not wedded to a single company, so can choose policies that are best for the client. Working with one saves the time it would take to compare quotes from multiple agencies and can result in the client getting the best coverage. The main disadvantage is that the premiums are sometimes higher.
Independent insurance agents help clients all over the country, not just in Florida. If you do not have time to give your personal information to multiple agents and to compare the fine print between policies, an independent agent might be the best option for you.