insurance agent
Is there a confidentiality policy between a life insurance agent and yourself?
I am curious if you sign up for life insurance and you get rates raised or policy rejected, legally who can the Life Insurance Agent tell why you were rates were raised or why you were rejected.
There is no confidentiality policy in the state of Tennessee (my home state) that I am aware of, but that would be an extremely efficient way for an agent to completely wreck their reputation in the towns they worked in. I’m not sure why an agent would ever choose to divulge that information, and if you don’t trust them to keep their mouth shut, you are not obligated to tell them anything at all. The only information the company has to go off of is what you tell the agent and the contents of your Medical Information Bureau, Pharmacy Records, Credit Report, and other public information. If an agent ran around telling people information like that, personally I would call and file a complaint with their state department of insurance and with the company they work for or are selling for. I’m not sure what could be done legally, but you would have a case for slander if anything they were saying was untrue.
Insurance Information : How to Become an Insurance Agent
Indiana Homeowners Insurance – Talking to a Local Insurance Agent
Insurance agents are not conniving, sneaky, ingenious salespeople trying to look for ways to make money off of you into buying insurance products. Actually they are just the same as you and me. The difference between is that insurance agents know more about their profession than you do, kind of like your accountant/CPA, or Dentist, etc.
There is a website called InsureMyHouse.com who realizes the internet is endangering the local insurance broker and is quick to note that insurance professionals are not expendable like employees.
There are so many advantages of having and knowing your local insurance agent in your area, some of which include:
-Setting up your insurance policy in person with a local agent will help give you balance of coverage while at the same time give you pricing based upon your individual situation and status
-Getting advice on your territory rating that only someone who lives and works in your area would know about
-Learn how to save money by getting multiple policy discounts that are available for your situation
-Having someone who knows the risks and possible coverages you need specific to your area that should be thought of when obtaining a policy. For example, areas highly affected by flood, theft, etc.
-Get answers when you need them when events happen – For example, your house has a tree fall on it from lightning and you need to talk to a local agent who can see what the damage looks like right away
-Being able to talk to the same person each time you call with a question or need to change something to your insurance policy
-Supporting your community by supporting a local small business.
Overall, your homeowners insurance is far too important of a purchase to not discuss it with an agent first. InsureMyHouse.com offers a directory of insurance agents around the country. Be sure to visit for more information about homeowners insurance and to meet your local hometown agent.