Yes, they will. If you would like to shop for cheaper coverage go ahead, just make sure you get the same coverages. Consumers will leap to cheaper coverage but get stung when they have a claim that is not covered, read your policy, better yet ask the agent that is cheaper if he will compare the policies for you, if he is responsible and ants your business he MAY do, but he also will not necesarily know what the other company covers if he does not sell it.
It\’s true that most agents don\’t know all of the intricacies their own contracts — much less that of their competitors — however, most fire policies are ISO \”boiler plate\” contracts that have had only minor company changes or none at all… So, if they understand an HO-3(ISO) homeowner\’s policy, they do understand the critical points in all homeowners policies, whether their company\’s policy or a competitors. The balance would be the bells and whistles part of the policy. The bottom line would be to look for a competent agent who has been in the business for more than a few years and who has a good reputation in the community and runs a professional agency. They are in the position to explain the differences moreso than a new agent in the business who is just \”out for a sale\”. There\’s a big difference between agents (the pros) and the \”policy peddlers\”. The policy differences are more of the minor varieties. From my experience, after 24 yrs in the business, most insured\’s eyes \”glaze over\” when you get into that type of detail.
that these guys decided to do the responsible thing and buy reinsurance.
While one of their largest competitors who had reinsurance is reducing prices and increasing coverages they wil be taking rate increases at Allstate.
Yes, they will. If you would like to shop for cheaper coverage go ahead, just make sure you get the same coverages. Consumers will leap to cheaper coverage but get stung when they have a claim that is not covered, read your policy, better yet ask the agent that is cheaper if he will compare the policies for you, if he is responsible and ants your business he MAY do, but he also will not necesarily know what the other company covers if he does not sell it.
A State Farm agents knows jack about an Allstate policy. Both agents are still in the dark about the real world.
Even Allstate agents don\’t understand their policies. I know, I used to work for them!
It\’s true that most agents don\’t know all of the intricacies their own contracts — much less that of their competitors — however, most fire policies are ISO \”boiler plate\” contracts that have had only minor company changes or none at all… So, if they understand an HO-3(ISO) homeowner\’s policy, they do understand the critical points in all homeowners policies, whether their company\’s policy or a competitors. The balance would be the bells and whistles part of the policy. The bottom line would be to look for a competent agent who has been in the business for more than a few years and who has a good reputation in the community and runs a professional agency. They are in the position to explain the differences moreso than a new agent in the business who is just \”out for a sale\”. There\’s a big difference between agents (the pros) and the \”policy peddlers\”. The policy differences are more of the minor varieties. From my experience, after 24 yrs in the business, most insured\’s eyes \”glaze over\” when you get into that type of detail.