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  • davejr19

Independent Insurance Agent or Captive Agent? You Decide

Updated: Sep 12, 2023

May 15, 2023

What is the advantage of an independent insurance agent versus a captive agent? An independent insurance agent and a captive insurance agent both sell insurance products, but they operate differently and have different advantages and disadvantages. Independent insurance agents have access to multiple insurance companies, which allows them to shop around for the best coverage and rates for their clients. This can result in more options and greater flexibility for clients. Independent insurance agents are not tied to a specific insurance company, so they can offer objective advice and recommendations based on the client's specific needs and circumstances. On the other hand, captive agents are typically tied to a single insurance company and can only offer products from that company. While this can limit the options available to clients, captive agents may have a deeper understanding of the products and coverage offered by their company. In conclusion, the advantage of an independent insurance agent is the wider range of insurance options they can offer, while the advantage of a captive agent is their in-depth knowledge of a specific insurance company's products and services. The best option for a client will depend on their specific needs and circumstances.

We may be biased, but we would like to point out that Hudson Valley Agents has been around for more than 30 years, so we're pretty sure our knowledge of our products is very in-depth.

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