By Insurance Suffolk Brokerage
“How do I know if I need insurance?”
Good question. To easily figure out this answer, ask yourself the following:
Can you, someone who has a financial interest in you or your business, afford to self-insure against a loss? Typical losses include: death, disability, major illness, business partner resignation/retirement from a company, etc. If the answer is no, you have an exposure and are at risk of a loss. Thus, you need insurance. Once identified, now it’s a matter of whether or not you can afford the premium to transfer that risk to an insurance company.
“What insurance company do you work for?”
We do not work for an insurance company. We are a licensed brokerage on Long Island servicing clients that are seeking coverage. Based on your needs, we will provide you with quotes from top insurance companies in New York that we feel will be your best options for coverage. In the end however, it is you that selects the carrier. We are merely your liaisons.
”What is the difference between a company agent and a broker?”
A company agent is under contract with a specific insurance carrier and can only write business from that carrier. A broker is not captive to any one company and represents the client. Thus, we can shop your needs with all the top carriers the state of NY to find the coverage you need and at the most competitive price.
“I’ve seen forms on the internet to fill out for instant insurance quotes but I don’t feel comfortable disclosing so much personal information on them. What is that all about?”
Most of these forms are from lead companies that sell your information to various company agents. By filling out those forms (and agreeing to their terms and conditions), up to eight licensed agents that have bought your information will be bombarding you with phone calls trying to get you to take an application for coverage. While these are legitimate agents calling you, it can be quite a headache dealing with all those calls, voicemails and perhaps, even increased cell phone bills.
We feel our site provides you with enough information to get you thinking in the right direction with regards to what you need to consider for coverage. When you are ready, call us at Insurance Suffolk to discuss your needs and we’ll be happy to help you.
“I’m looking to get homeowners insurance. Is there an advantage to having my auto, homeowners and umbrella policies with the same company?”
Absolutely! Multi-policy discounts are a great way to reduce your overall cost for property & liability coverage. Thus, if you are looking to obtain or replace either your auto or homeowners, you will definitely want to price your options for all of your policies with other companies via a broker.