Frequently Asked Questions

How is Insurance Purchased?

Insurance is sold either directly by an insurance company, by an agent representing a particular company or by an independent broker that sells the products of a number of companies. When insurance is sold through an agent or broker, the policy premium includes a commission to the seller.

The best way to buy insurance is through an independent broker that sells the products of a number of companies. This assures that you are getting more than one perspective on the products that are available. If an insurance company sells directly and through agents or brokers, the premiums will be the same no matter which way the product is purchased.

As with any overview, this insurance information is general and intended to help you make informed decisions. The actual policies available in your state may contain features not discussed above. An insurance policy is a contract between you and an insurance company. You should read and understand any policy that you purchase. If you have any questions, have the company or insurance broker or agent take as much time as you need to explain policy terms to your satisfaction.

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