Common Misconceptions about the Insurance Industry

In today’s age of technology, you might think it makes sense to shop for your insurance needs online. It is convenient. You can even buy insurance while surfing in bed. You might also think you will save quite a bit of money when you use your internet search engine to seek out the best insurance rates. These are just a few misconceptions about the insurance industry. When you believe some of the myths out there, you may be missing out on getting your particular insurance needs suitably met. If you live in Calgary, Medicine Hat, or Brooks, a TSG Insurance agent can help dispel those myths and misconceptions, and find the best coverage for your needs.

The Truth Behind the Most Common Misconceptions about Insurance

Cute and funny ads that run on the television may suggest you can get all your insurance needs covered when you “go online.” That is not always the case. Check out the truth behind the insurance business myths:

1.    Myth #1 – You pay more in your premiums when you use an agent. Even if you go through an online company, you will not necessarily pay less. Insurance companies typically keep the amount of commission they would pay a broker instead of passing the savings on to the consumer.
2.    Myth #2 – Using an insurance agent just adds a middleman to the process. When you work with an insurance broker or agent, you have someone on your side to help explain all the complexities that come with the insurance landscape. They have taken the time and effort to complete the required exams and licenses, as well as attend continuing education classes to be able to serve their clients. It takes a bit of time and training to become licensed. Instead of being a “middleman”, they can be trusted to provide you with options and help you get the best coverage for your needs.
3.    Myth #3 – Insurance is tedious and can never be understood. For some people thinking about, let alone shopping for protection makes them cringe. The insurance industry is a complex web of products and services, each with its own nuances. When you work with a licensed insurance broker, you have someone in your corner to help you navigate the complexities. Even if insurance is a boring subject for you, your broker is excited and ready to help you.

A TSG Insurance Representative Understands Your Insurance Needs

Cover your insurance needs by consulting with a TSG Insurance broker. Our professionals will be glad to sit down with you and assess the best coverage and policies for you and your lifestyle. We only work with reliable, stable companies to get you the best coverage you need, that also fits comfortably in your budget.

Ready to contact a licensed broker? Reach us online, and we will respond as quickly as possible. Also, please feel free to call us toll-free at 800-830-9423. Book an appointment at one of our convenient locations in Calgary, Brooks, Medicine Hat, Edmonton, or Bassano.

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