If you’ve spent time in Facebook groups or on Nextdoor, you might have seen a lot of misinformation about insurance—what it covers, how claims work, and what’s worth paying for. As someone who is dedicated to helping people protect their families, businesses, and financial future, I want to clear up some common misconceptions and explain the truth about what’s happening in the insurance industry today.
Common Misconceptions in the Insurance Industry
Let’s tackle a few of the biggest myths about insurance:
•Myth 1: Cheapest Insurance is Always the Best
•It’s tempting to pick the lowest price, but insurance is about value—what you’re paying for in terms of coverage and claims support. I’ve seen people who thought they were saving money but ended up paying more when they didn’t have enough coverage. It’s better to pay a little more upfront and make sure you’re fully protected.
•Myth 2: All Insurance Policies Are the Same
•Not every insurance policy is alike. Some companies provide better service, while others offer better protection. Recently, a client was unhappy with how claims were handled at another company. By switching them to a better policy, they felt more secure and well-protected.
•Myth 3: Insurance Companies Always Deny Claims
•This is a common worry, but most denials happen because of misunderstandings about coverage. That’s why it’s important to work with an agent who explains your policy and makes sure it fits your needs. I always take time to review my clients’ coverage, so there are no surprises when they file a claim.
•Myth 4: A Company That Was Expensive Before Will Always Be Expensive
•Another misconception is thinking that if a company gave you a high quote once, they’ll always be expensive. Insurance is cyclical, and companies’ appetites and loss ratios are always changing. A company that wasn’t competitive for you in the past may now offer better pricing, so it’s worth rechecking your options regularly.
Broker vs. Agent: What’s the Difference?
One of the most confusing things in insurance is understanding the difference between a “broker” and an “agent.” People often use these terms interchangeably, but they mean different things.
•Agent: An agent works for one or several insurance companies and sells products from those companies. They represent the insurance company and match you with policies they offer.
•Broker: A broker works for you, the customer, and can shop around with different companies to find the best deal. They act as your advocate, finding the right policy based on your needs, not just one company’s offerings.
Knowing whether you’re working with an agent or a broker helps you understand their motivations. Agents may be loyal to a particular company, while brokers are loyal to you.
Farmers Insurance: A Unique Opportunity
As a Farmers Insurance agent, I’m in a unique position compared to other agents and brokers. Farmers allows its agents to offer not only Farmers-branded policies but also policies from Progressive and Safeco. This gives Farmers agents some unique advantages:
•Access to Multiple Carriers: While brokers can offer policies from various companies, they cannot sell Farmers policies. Farmers agents, however, can sell both Farmers and broker companies like Progressive and Safeco, giving you more options.
•One-Stop Shop: Instead of visiting both a captive agent and a broker, you can work with me to get everything you need in one place—whether it’s auto, home, or business insurance.
Recently, I helped a client compare auto policies from both Farmers and Progressive. By offering both, we found a solution that saved them money and provided better coverage than they had before.
Your Insurance is Only as Good as Your Agent
One of the most important factors when buying insurance is the agent behind the policy. No matter which company you choose, your experience with insurance will largely depend on whether your agent has your back. Do they explain your coverage clearly? Will they be there to help you when you need to file a claim? Are your policies serviced locally?
Having a local agent who is accessible and invested in your well-being can make all the difference when it comes to protecting your family, your business, or your assets. It’s not just about the company you’re insured with—it’s about having an agent who knows your needs and is committed to ensuring you’re covered.
More Than Just Insurance: Full Financial Services
My services go beyond property and casualty insurance. I’m also a RamseyTrusted partner for Property & Casualty Insurance and a certified Ramsey Financial Coach. This means I can help you not only protect your assets but also grow and manage them.
As a SmartVestor Pro, I partner with top financial brands like American Funds and Equitable to offer investment and financial planning services. Whether you’re saving for retirement, investing in mutual funds, or managing your portfolio, I have the tools and knowledge to guide you.
Health and Medicare Insurance
I also help with health insurance, including Medicare plans. Health insurance can be confusing, especially as you approach retirement, but I can help you find the right plan for your health needs and budget.
I recently helped a couple move into Medicare, and they were overwhelmed by all the options. After reviewing their needs, we found a plan that covered their medications and doctors, saving them time and money.
Life Insurance, Commercial Insurance, and Workers’ Compensation
With my LUTCF designation, I can guide you on life insurance to protect your loved ones. I also specialize in commercial insurance for business owners, helping you get general liability (GL), business owners policies (BOPs), and workers’ compensation coverage. Whether you own a small business or manage a larger one, I can help you protect both your employees and your business.
For example, I recently worked with a local business that was growing fast. They didn’t realize their coverage wasn’t enough to handle their growth. We updated their BOP and added workers’ compensation, giving them peace of mind as they continued to expand.
Your One-Stop Shop for Insurance and Financial Peace
In a world full of confusion and misinformation, it’s important to work with someone you can trust—someone with the knowledge and commitment to your best interests. Whether you need insurance, financial coaching, investments, or health insurance, I can help you find the right solutions.
You don’t need to go to multiple brokers, agents, or financial planners. With my experience and partnerships, I offer a complete approach to your insurance and financial needs—all in one place. And as a RamseyTrusted partner, you know you’re getting advice based on solid principles.
Ready to get started?
Contact me today for a free consultation or personalized review of your insurance and financial plans. I’m happy to help you on your path to financial peace and security.
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