The uncertainties in our current economic climate have us all looking for ways to save money. With so many different insurance options available, how do you know if you have the right coverage at the right price?
“We know insurance is complicated and that all policies are not equal. We also know that getting the wrong insurance coverage can be very expensive in the end, even devastating in some cases,” said Mike McGrath at McGrath Insurance Group.
One solution is to seek out an insurance advocate. McGrath Insurance Group is an independent agency in the Lake of the Ozarks, Missouri. Unlike captive agents, such as State Farm or American Family, independent agents are not tied to a single company’s product offerings or agenda. Being independent gives us the freedom as an agency to work with the top insurance companies across the country to find the best insurance solutions for our customers.
As great as an individual agent may be, at the end of the day they can only provide their clients with State Farm or American Family products. Independent agents are really match-makers, working with any number of insurance providers to find their clients the best fit for their insurance risk. McGrath explains, “Different companies offer different coverages. One insurance company could be a great fit for one of our customers and not for another. Pricing for the same coverage can vary too. Every company has a different appetite for a different kind of client. It’s the agent’s job to match their clients with the right company to maximize their insurance investment.”
When asked about the difference between captive and independent agents, McGrath responded, “From our prospective it’s hard to believe that any single company is going to be able to offer the variety and depth of products that a group of clients is going to need. With a captive agent like a State Farm, even though their company might write multiple types of coverage, they are still limited to the coverages that their company has chosen to offer. Where on the other hand, an independent agent is going to be able to offer whatever is needed for that circumstance.”
