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<blockquote data-quote="susiestar" data-source="post: 364763" data-attributes="member: 1233"><p>One of my childhood friend's dad ran a big insurance agency. They are in the business of building relationships, not just trying to get the highest price you will pay. They may offer this because the difference would be very significant between the costs to you. By giving you the indiv policy they may keep the company with them longer because you and your inlaws will be impressed.</p><p></p><p>Or they could be lowballing your policy so they can increase it a lot the next year. That also happens. I have to look over our house insurance every year to make sure it stays where I want it. They try to slide things through that decrease what they will pay and increase our costs. My agent is AMAZING, or at least his secretary is, and they always let me know when the change is coming so I can redo it and keep it the way I want it, with replacement values.</p><p></p><p>The agent will make a LOT more money over your lifetime if he gives you a good deal, points out where you can save while staying covered, and you stay with him a long time. If he gouges you now and you find out, the company will likely switch away from him. That costs a LOT for the agent as the insurance is a steady revenue stream as long as you have it.</p></blockquote><p></p>
[QUOTE="susiestar, post: 364763, member: 1233"] One of my childhood friend's dad ran a big insurance agency. They are in the business of building relationships, not just trying to get the highest price you will pay. They may offer this because the difference would be very significant between the costs to you. By giving you the indiv policy they may keep the company with them longer because you and your inlaws will be impressed. Or they could be lowballing your policy so they can increase it a lot the next year. That also happens. I have to look over our house insurance every year to make sure it stays where I want it. They try to slide things through that decrease what they will pay and increase our costs. My agent is AMAZING, or at least his secretary is, and they always let me know when the change is coming so I can redo it and keep it the way I want it, with replacement values. The agent will make a LOT more money over your lifetime if he gives you a good deal, points out where you can save while staying covered, and you stay with him a long time. If he gouges you now and you find out, the company will likely switch away from him. That costs a LOT for the agent as the insurance is a steady revenue stream as long as you have it. [/QUOTE]
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