New Advice on Buying Disability InsuranceThe $15 Insurance Policy All Renters Need
By Kenny Lowe
Shopping for any kind of insurance is a complete pain. But what if there were a way to get rate comparisons emailed to you and no unwanted phone calls from pushy agents?
Too many people don’t shop for insurance of all kinds because they’re afraid of having to deal with pushy salespeople. Or they don’t want to deal with the reality that they will die. Or they think insurance is too complicated. So they do nothing … and leave themselves or their families unprotected.
That’s where a website like PolicyGenius.com comes in.
PolicyGenius makes shopping for insurance easy
With PolicyGenius.com, you do a brief registration and then you answer a questionnaire that takes about 3 or 4 minutes. Some of the questions can be pretty intrusive, but you want to answer honestly so you can get the right quotes.
What kind of insurance can you get quotes for? Level term life insurance, disability insurance, renter’s insurance, and even pet insurance!
You can have quotes emailed to you and nobody will ever call you, unless you want them to.
Another similar site that won’t hound you with calls from agents is Quotacy.com.
The power of direct writers
Buying insurance is dull. Most insurance is still bought from an agent because it’s based on that traditional relationship. But direct writers are growing. Geico and Progressive are 2 examples of marketing powerhouses in selling direct. USAA is another, but their insurance services are exclusively for military.
Now coming into the mix is the idea of buying through a website as an electronic agent. For people who are younger and never experienced a relationship with a real live agent, this is particularly appealing. PolicyGenius is testimony to that. Now it is rumored that Google will get into price comparison on various insurance products.
If you have an agent you’ve relied on for their advice in the past when the chips were down, then that agent is worth it. But if you never had that relationship and you are used to buying things electronically, I say try a direct writer, particularly the ones online.
Be aware that some comparison sites are actually captives, not true comparison sites. If you get quotes and they’re all from one company, you’ll know you’re in that situation.
Why you need things like disability insurance, renter’s insurance
A quick word about some of the lesser known insurances I mentioned above. With disability insurance, did you know you’re 3 times more likely to become disabled than die during your working lifetime?
And on the subject of renter’s insurance, it’s among the most under-purchased products there is. Every winter, there will be these apartment fires because of space heaters and then the word comes—no one had renter’s insurance. So the Red Cross has to find a place for people to live temporarily. That scenario could avoided with renter’s insurance.
Some landlords will require you to have renter’s insurance, though that’s very rare. The policy you get must have replacement value coverage for your belongings and relocation assistance should your place become uninhabitable. Don’t leave yourself unprotected!
The platform PolicyGenius has developed for getting quotes is really good. It’s light years ahead of the insurance industry at this point.
So if you know you should be protecting family and you’re looking for quotes, check out this service.