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Role of Service Insurance Agents

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Submitted By uzma13
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rRole of an insurance agent / broker
Insurance agents and brokers play an important role in marketing life insurance policies. They are the face of the insurance company.Most of the insurance policies world over are sold by insurance agents and brokers.

From the insurance company point of they are the marketing and selling agents for their insurance plans.

The following are the basic function they should perform.

-Provide all the necessary application forms.
-Submit application forms to the company.
-Arrange for all the medical tests and related formalities.
-Provide reminders premiums payments and return receipts.
-Should help you make necesary changes in address ,nomination etc.
-Help in the process of assignment
-Assist you for any loan applications and related formalities
-Should help you revive lapsed policies
-Assist in claiming death benefits, if required

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ROLE OF AN INSURANCE AGENT
The role of an insurance agent is to supply a comprehensive policy which will provide adequate protection in the event of a loss on your new home. It should offer coverage for your dwelling, personal property, loss of use, and liability. The amount of insurance should be equal to the replacement value of the dwelling. A bank or mortgage company cannot require insurance in excess of the dwelling replacement cost. The insurance agent can help you to calculate the replacement value of your new home.
Although provisions of the basic homeowner contract are set by the insurance commissioner, the rates are competitive. Your goal is to acquire quality protection and service at an affordable price. There are various endorsements to the basic homeowner contract to enhance the coverage, to amend limitations and to tailor the policy to suit your particular needs.
It is important that the insurance agent make you aware of these endorsements so that

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