San Angelo Insurance – An Overview

An insurance agency, sometimes known as an independent broker or insurance brokerage, privately brokers, prescribes and sells policies to a large number of insurance companies. There are no restrictions on the insurance agents that work for these agencies. They are not directly connected with any one insurance company. Most people prefer to use an insurance agency because they are less biased than an independent broker who may have a personal connection with one insurance company in particular over another. However, even though there may be more advantages to using an insurance agency, there are also a number of disadvantages that you should consider before choosing this type of policy for yourself or your loved ones.Feel free to find more information at San Angelo Insurance.

Insurance agencies can take a variety of forms, but the most common form is represented by a commercial agency that is owned by a single company. The agency business model involves commission based income that is shared between the company that owns the agency and the agents that work for the agency. When these companies sell policies to individuals, they take a commission fee from the individual that purchases a policy. These commissions can vary greatly depending on the state where you live, the cost of a policy, and other factors.

Independent brokers do not work for any one particular insurance agency. Instead, they work only for themselves and they receive their pay from the insurance agency. However, because they work only for themselves they cannot have the same commission pay outs that commercial agents have. In addition, since they work solely for themselves, they cannot require any type of retainer and their rates of pay are generally much higher.

Contact Info

San Angelo Insurance
1102 N Chadbourne, San Angelo, TX 76903
3256582790