By Derrick Passley
The system lets you think that getting an insurance quote is so very easy, that it takes just your name, address, date of birth and five minutes of time and the quote is ready. In reality, it takes more than five minutes and a lot more questions, given to you by the insurance agent. A good agent will question you to find out your unique situation, and can create a custom quote just for you, and make you pay less money. So be ready to answer personal information questions before you call or apply online for a quote.
Here are five questions that insurance agent asks before they give you a quote. Get Quote Alliance HealthCard Gold Card
Here are five questions that insurance agent asks before they give you a quote. Get Quote Alliance HealthCard Gold Card
1. Name of the person who owns the property and will be listed on the policy as named insured. It is very important to give the agent the legal name of the insured, as it appears on your identification card, so if
a claim occurs, the check will be written to the right person. If name changes appear in the future, after the policy is already issued, the name change needs to be reflected and updated on the policy. If you have a mortgagee or loan holder, it should be listed as additional insured. If lien holder changes, insurance company needs to be notified about the change.
a claim occurs, the check will be written to the right person. If name changes appear in the future, after the policy is already issued, the name change needs to be reflected and updated on the policy. If you have a mortgagee or loan holder, it should be listed as additional insured. If lien holder changes, insurance company needs to be notified about the change.
2. Date of birth of the insured to be listed on the policy. Many insurance companies give a discount to individuals over 50 years old. If you have very common name, date of birth will identify you among other individuals with the same name.
3. Social Security Number is important in determining the policy premium. Insurance companies likes high credit scores, as it shows that you usually pay your bills on time. Before you call for a quote, look up your credit score. If there are more than one person on the policy, ask the agent to put the name of the person with the highest score first on the policy.
4. Employment status guaranties that the insured has enough income to pay for the insurance policy. Some insurance companies like employed individuals holding high positions in the company, or specific occupations more favorable. Again, it shows the insurance company that the insured will be capable of paying the bills on time.
5. Education is important factor with some insurance companies. Education mostly influences auto insurance premiums. Insurance companies think that more educated individuals are less inclined to have a claim, and are usually more responsible so the company will face fewer losses.
Derrick Passley is an Insurance Agent in South Florida for over 14 years and is about to publish his first book called “Insurance Ins-and-Outs on Residential, Commercial, Auto, Renter's, Flood and other Personal Insurance. Send comments to; rickleys01@yahoo.com