Dear Consumer: Before you buy insurance online, read this…
DEAR CONSUMER: BEFORE YOU BUY INSURANCE ONLINE, READ THIS...
By April Tarras
In today’s digital age, almost everything can be purchased online—from groceries to vacation packages. Insurance providers have also made it possible for consumers to buy policies with just a few clicks. While the convenience is undeniable, there are compelling reasons why buying insurance online might not be in your best interest. Before you hit “buy,” it’s important to consider drawbacks and risks associated with purchasing insurance without expert guidance.
Lack of Personalized Advice
When you buy insurance online, you miss out on the personalized advice that a qualified insurance agent can provide. Agents can assess your unique needs, explain complex policy terms, and recommend the most suitable coverage – something something an online questionnaire or chatbot may not accurately accomplish.
Potential for Misunderstanding Policy Details
Insurance policies contain jargon and fine print. Without an expert to guide you, it’s easy to misinterpret what’s covered and what’s excluded.
Limited Ability to Compare All Options
Agents, especially independent ones, often have access to multiple carriers and can present a wider range of choices tailored to your needs. By purchasing online, you may overlook better deals or more comprehensive policies simply because they aren’t listed on a particular website.
Lack of Advocacy During Claims
Agents can advocate on your behalf, help you understand what documentation you need, and ensure you receive a fair settlement. Without this support, you may face delays or struggle to resolve disputes with the insurer.
Conclusion
While buying insurance online offers convenience, it’s important to weigh that against the potential risks and limitations. For something as important as protecting your health, property, and financial future, the guidance of a knowledgeable insurance professional can make all the difference. Take the time to consult with an expert.