Financial Stability of your Insurance Agency?
Never has it been more important to seek out the financial stability of your insurance agent/agency. As reported in the Weatherford Democrat, a Parker County Insurance Agent recently took $200,000 from clients.
A few key questions to ask your Insurance Agent are:
- Has he/she filed any personal or business bankruptcies in the past 5 years?
- Has he/she had any complaints filed against them with the Texas Department of Insurance?
- How many staff members are currently in the agency? How long have they been with the agent? (Employee turnover is often a sign of financial struggles
Insurance is a complex subject that could affect you and your family's financial well being. Don't be misled, make sure you take the time to research and get to know your Insurance Agent/Agency, it could prove to be one of the most important things you ever do!