Five Personal Insurance Products Every Agent Should Look Into
Five Personal Insurance Products Every Agent Should Look Into
Relying on just one type of insurance policy to bring in customers can be foolish. In this age of choice, the higher the number of options you offer, the greater your chances of sealing the deal with buyers. We’ve listed the five personal insurance products every insurance agent should consider having in their roster:
1.Auto Insurance
In 2019, there were 285.4 million registered vehicles in the US. All US states require auto owners to take out insurance on their cars. Auto insurance is, therefore, a constant player in the personal insurance sector.
2. Homeowners Insurance
Homeowners insurance is the other primary sector of personal protection. For the average Joe, their home is their most significant investment. Protecting this investment from financial ruin is a big concern. In personal insurance sector, targeting homeowners is a great way to build a loyal customer base.
3. Disability Insurance
Any accident or illness that prevents your customers from working can be financially devastating for them. If you are their agent for personal insurance, recommend disability insurance as part of their insurance coverage. The policy will help them pay bills and cover their expenses if and when they can no longer work due to injury.
4. Long-term Care Insurance
Long-term care insurance is a future investment for most insured, and it can take some convincing on your part. By 2050, nearly one-fifth of the world’s population will be over 65. As a personal insurance agent, get your insured to buy this policy to ensure they are under good care in their final years.
5. Liability Insurance
Liability is another personal insurance policy that can’t be overlooked by agents. Liability insurance cushions the holder and their business against claims of harm or wrongdoing. It cushions the fall when claims are against them.
You don’t need to write for all five of these insurance policies. However, do your research and be ready to offer a few of these to your clients. The personal insurance sector is about meeting the financial risk needs of the individual. Arm yourself with the correct information to do just that!