Shopping for insurance can be confusing and overwhelming. Choosing the wrong coverage can be a costly mistake. You don't want to find out after you've filed a claim that the damage is not covered. To help you get the information you need to make an informed decision, we have provided a list of questions below to ask your agent prior to purchasing a policy.
Questions to Ask About Your Coverage
1. What policy(s) do you sell?
*IMPORTANT: NEVER ACCEPT "IT'S BASICALLY THE SAME POLICY YOU HAD BEFORE" AS AN ANSWER. Verify what the agent tells you with an independent source (such as the OPIC Policy Comparison Tool). If there are discrepancies, ask your agent to explain them.
Questions to Ask About Endorsements
You may be able to purchase additional coverage by endorsement. Ask your agent what endorsements are available. If you are interested in adding an endorsement to your policy, be sure to ask the following questions:
1. How much will the endorsement increase my premium?
Questions to Ask About Your Rates
1. Is this the best rate offered to any applicant by any company the agent represents?
IMPORTANT: AGENTS DO NOT HAVE A SPECIFIC DUTY TO TELL YOU THIS INFORMATION UNLESS YOU ASK THEM.
Questions to Ask About Your Credit
If an agent asks for your social security number, they are most likely going to run your credit score. Here are some questions to ask your agent about that process:
1. Why does the company need my credit score?
FOR MORE INFORMATION ON RATES AND COMPLAINTS: Please check Helpinsure.com.
Helpinsure.com allows you to compare sample rates, complaint information, and the financial rating of the top 25 national insurance groups writing residential property insurance in Texas.
PLEASE NOTE: Because Helpinsure's information is limited to the top 25 National groups, not all companies will be listed. You can also get complaint information from the Texas Department of Insurance Company Profile Page.