Can insurance agents lie?
Can insurance agents lie?
The simple answer? Generally, yes. If an insurance company knowingly lies to a customer, it often can be held responsible for any emotional or punitive damages suffered by the plaintiff.
What are the types of insurance agents?
There are two types of insurance agents: Captive Agents. Captive agents work for one insurance company either full-time or as independent contractors. …Independent Agents. …Retail Brokers. …Wholesale Brokers. …Surplus Lines Brokers. Aug 13, 2021
Why do I need an insurance agent?
Customers may require their agent to provide information not just on policy, but other concerns as well such as the processing of claims, policy maturity or even lapsation of policies. A well-trained agent must be able to answer a wide range of questions and address their customers’ concerns.
