There are several benefits of using an independent agent for your landlord insurance. Shopping for insurance can be frustrating, and time-consuming when you try to do it on your own. Working with an independent agent makes the process quicker and easier. While there may be others, we are going to focus on 3 main benefits of an independent agent.
Independent agents have access to multiple insurance companies. This allows you to give all your info one time. Then, your agent can do all the comparisons that you need to make sure that you have the right coverage for the best price. On a renewal, if a rate is no longer competitive, your independent agent can place it with a more competitive carrier for you.
Agents that work for a specific company usually don’t have access to other carriers. This means you may have to give your info to multiple agents to find who can give you the best rate. Also, if your rate changes on a renewal, these agents have limited options for you going forward.
As investors, insurance can be very specialized. Do you need vacant home insurance or builder’s risk for a fix & flip? Do you need AirBNB insurance? Maybe it’s just a long-term rental. Many normal carriers don’t insure some of these types of properties, and there may be specialty policies available. Working with an independent agent who works with investors will help you know the best options for your property.
Our team is very familiar with investors, and we had the chance to discuss the Florida Insurance market with our friends from Real Life Trading.
Getting quotes from multiple insurance companies at once significantly cuts down the time needed to make sure you are getting a great quote. As mentioned above, if you have to give all of your rating info, coverages, deductibles, etc to multiple agents, it costs you time. Independent agents can gather your info one time and compare rates from multiple insurance companies for you all at once.
Conclusion – Benefits of an Independent Agent
As you can see there are benefits on an independent agent when getting your Florida Landlord Insurance. The expert independent agents on our team at Think Safe Insurance will be happy to help you – whether you need a quote or just have questions. During a review, they will find the right coverage from our trusted insurance companies to ensure you have the best value.
Request your FREE policy review today by clicking the link and filling out the form, or call us at 813-425-1626. We look forward to working with you!