Hello Federal Way Sun! That & What’s the Difference, Insurance Agent or Captive?

Hi, this is Tim with Haymaker Insurance in Federal Way Washington It's a beautiful day here so I thought I'd answer a quick question

What's the difference between an insurance agent and an insurance broker? Well first before I do that let's talk about what a captive agent is and what a standard agent is So, a captive agent works for a company like State Farm and farmers companies like that; American family and I'm sure they do a great job But they only have one market to go to and that's their own They can only provide their one brand and I'm sure they do a great job with that However, if there's a need for a second option or something happens and maybe your carrier wants to drop you that particular insurance agent can't do anything to find you an additional coverage where an insurance broker can

So, I'm an insurance broker and I'm also an insurance agent it's relatively the same The difference is as a broker, I can go out to several different markets like Travelers, Safeco, Progressive just to name a few and bring you multiple options So, on your behalf I act as a broker to bring you options and once we secure those options and as of you and I are having conversations I'm your insurance agent but again I'm also a broker I hope that helps clear it up If you have any questions, I'm always available

Give me a call or drop me an email Thanks for stopping by

Source: Youtube

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