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Are You Working with the Right Insurance Agency?

June 28 is National Insurance Awareness Day, and we’re celebrating by talking about how to find the insurance agency that is right for you. Choosing an insurance agency is an important decision, and takes lots of careful consideration before you make your final pick. Here’s a quick list of some things that are good to keep in mind during the process. 

Have Someone On Your Team

The single best thing you can do to make insurance shopping easier is to not do it alone! An experienced insurance broker knows the business inside and out and can guide you to the policies that best suit your needs. A good insurance broker is like a teammate that has your best interests at heart. YMI Insurance is a family owned agency with years of experience and dedicated team members, so we’ve got the knowledge to help you find the very best policy. We are licensed to sell insurance in Pennsylvania, New York, New Jersey, Maryland, Delaware and Virginia, and we work with eighteen different providers as partners, meaning that there is a perfect insurance provider and policy out there for you, and we’re ready to help you find it. 

Know What You’re Looking For

Insurance shopping can be a confusing process, and if you’re going in blind, it’ll only make it more difficult than it has to be. The first step you need to take is to narrow down exactly what you’re looking for, what your priorities are, and what you’re willing to do without in terms of coverage. Are you looking for home insurance? Life insurance? Business insurance? What do most basic policies include, and what are additional add-ons that you’re interested in? If you have this established going in, you’re going to have a much easier time. 

Do Your Research

When you start looking into insurance companies, reviews are going to be a helpful thing to check out. Hearing the experiences of other customers like yourself will be one of the tools you use to weed through the options, just remember to take each one with a grain of salt and remember that it’s possible to have a good experience at a bad insurance company, or a bad experience at a good company. With larger providers, looking at regional reviews for your area might be a smart idea. Check out what our past clients have to say about us here.

Check Ratings

Insurance ratings are a good way to get an idea of a company’s financial strength, something that’s absolutely crucial in your final choice. There are several major insurance rating agencies, and they look at financial leverage, management stability, recent performance, and the company’s overall financial situation, as well as external factors like competition, diversification, and market presence to ultimately provide an overall rating and analysis, giving you a good sense of the company as a whole.

Balance Budget and Coverage

It can be tempting to go for the most bare bones policy that you can find in order to save money, but you may come to regret this later. Working with an insurance broker like YMI is a good way to make sure your insurance is affordable and that it provides sufficient coverage. 

Insurance shopping can feel like a real minefield, whether you’ve done it before or not, but with a little preparation and some help in the right places, you can come out of it with the right company and policy for you! Request a quote and meet our team today!

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