Describe one advantage to buying insurance from an insurance agent and one advantage to buying insurance online directly from an insurance company.

What will be an ideal response?


Almost all insurance companies have robust websites that provide good information and let customers buy insurance directly online. Online shopping makes it easy to compare quotes from different companies, and the premiums are typically lower than when buying from an agent. However, agents can help you understand what can be very complex legal language, and can make sure you do not experience any surprises that were buried in the "fine print" when it comes time to make a claim. For the savvy consumer, buying insurance online will yield a good policy at the best price. Using an agent might help give you more insight into your policy options and more personal customer service.

Business

You might also like to view...

Management contracts offer foreign owners the opportunity to manage businesses for a fee

Indicate whether the statement is true or false

Business

A customer intended to order 100 units of a product A, but incorrectly ordered nonexistent product B. Which of the following controls most likely would detect this error?

A. Record count B. Hash total C. Validity check D. Parity check

Business

How many board members serve on the FASB?

a. 5 b. 7 c. 14 d. 20

Business

Rules and laws are a source of influence that comes from:

a. person b. world c. behavior d. attitude

Business