Real Life: Why Shouldn’t I Just Buy My Insurance Online?

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October 16th, 2012

With so many “name your own price” online insurance companies these days, we are often asked “why should I work with R&R Insurance when I can just buy my insurance online?”

We had a gentleman approach one of our agents asking to review his current homeowners policy.  He believed he was paying too much with his current company and knows that R&R represents a variety of companies to get him competitive pricing.

Our agent suggested looking at his entire insurance coverage: home, contents in home, autos, and recreational vehicles.  A bigger, and often overlooked, part of this holistic insurance program is the liability coverage that is needed.  Too often online insurance companies convince consumers that it is all about ”naming their own price”.  The catch: often times their quote is for extremely low limits so they aren’t finding you a better price, they’re finding you less coverage.

After review, this gentleman had decent coverage for his home but was paying too much with his current company (which we offered a solution to lower his payments).  His auto insurance on the other hand was a different situation.  His auto insurance had liability limits of $25,000/$50,000/$10,000.  (Most people, including this gentleman, have no idea what this means nor should they – they are not insurance agents.)  With buying insurance online, you become your own insurance agent.

What do those numbers mean?  In the event of an accident, the most his policy would pay for injuries is $25,000 per person, but no more than $50,000 per accident.  If he is found at fault and wrecks another car (or property), his policy only pays $10,000.  Try to find a new car for $10,000…. (and imagine if it was a luxury vehicle – you may have some out of pocket expense!)

Where does this leave him? Fortunately he has not had an incident where these low limits have cost him future wages or savings.  Moving forward, he has a decision to make: continue to roll the dice or seek the advice of an R&R knowledge broker?  The best part about working with R&R Insurance is that we guarantee you will work with someone local and knowledgeable who can offer professional advice.  How much is that worth to you?

Wisconsin residents, for a free home and auto quote please visit our website.


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