Originally Posted by MTI

Not actually true. Real estate is one of the few licensed professions that allows "dual representation" and can typically represent buyer and seller, with the proper disclosures. An "insurance agent" has a principal/agent relationship with the carrier(s), not the insured. It's the same relationship that a car salesperson has with a guy coming in to buy a Mercedes-Benz.

**Yes, recently in many States they have adopted dual rep rules...buyer & sellers agents...but in many it's a farce...and in any case, the "old" practices carry. Realtor/MLS practice has yet to catch up for example. And always remember....the rate is totally negotiable....but after decades of that law it still just so happens to remain the same old general practice of 5-6% being on the form, virtally regardless of market conditions (that only chnages the split through the MLS), overall.........! My credentials on that: First lisc as agent in 1973 AZ, 2nd youngest broker ever in AZ, later Broker NM, later Broker CT.
In Az also was Ins. agent. (Principal & desig broker RE & Ins. co) Many, if not most agents, are captured. Yup, we agree: the insurance agent is most like the salesman at your car dealership.

Rates are one thing, but service on a claim is another, so do check the number of complaints that the commission has fielded about your low-cost carrier before signing on the dotted line. It's simple economics, what they take in as premiums cannot run out the back door as claim payments, so low priced insurance typically means tougher claims processes.

**Most Ins. depts have excellent stats on that too and will show financial stability, a prime indicator of anticpated service...which may also be found at Best Co

Which is a very good reason to review your coverage on an annual basis. Frankly, if you injure someone else, you have to be prepared to be responsible for your own actions, or those of familiy members under the policy.



Not if the property is held under "tenants by the entirety" if you're married or other estate shielding methods. Certain states, Texas for instance, have "homestead" laws which bar the taking of the family home, except in a limited number of exceptions.