THURSDAY, JULY 19, 2012
Anyone shopping around for insurance is going to want to compare quotes for multiple policies and from multiple sources before they settle on one. There’s more to it than just comparing numbers. It’s looking at the policy in relation to the numbers.
How are these numbers evaluated?
 The premium is the amount you pay for the protection your policy offers. So of course you’d want to get as many details as possible on each policy before you choose which one to go with.
To give an example, sometimes a life insurance policy will allow a rider early access to a certain amount of your death benefit, should you be diagnosed with a terminal illness. Let’s say you have two policies with the same contestability period, death benefit, and premium, however the accelerated benefit rider is included in one policy, but not in the other. This could possibly be the determining factor when choosing one policy over the other.
When shopping for insurance, the benefits aren’t the only thing you should be concerned with. You should also be aware of the rating of the insurance company you’re receiving a quote from. For example, if you have two policies and premiums that are the same, but one was issued by a company with an A+ rating and the other came from a company with an A- rating, then you’d want to go with the company that has the higher rating. This is because the degree of financial security is higher for the insurance company with the higher rating.
Every consumer has their own set of needs when it comes to customer service. For some, it might be important that an insurance company offers online access to information about policies, forms, and claims. The benefit of being able to digitally access information regarding your policy might be the biggest deciding factor for you in choosing an insurance company.
Our agency can create a policy for you to fit your needs and budget. Give us a call at 540-657-5633 and we’ll go over your current Stafford car insurance policy to make sure you’ve got the coverage you need for the best price possible.
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