The 2 Dirty Words in Insurance ...

Well it's time to talk about those dreaded dirty little words of the insurance industry. That when mention, it could end a deal before it even begins “The Broker Fee”. What is a Broker Fee? A Broker Fee is a non regulated fee that only your insurance broker can charge for writing your insurance policy. The reason for a broker fee is simply a service charge. Think of it this way, when you go get your car looked at for a tune up they have an inspection fee, just to see what’s wrong with your car. When you change your oil they charge a service fee, Plumbers have estimate fees, there is start up charge for cable Etc. Broker Fees are just that! A fee you pay for a service rendered.


So why is the broker fee so bad in insurance? Well it all depends on how much it is. The Broker Fee is a little tricky because it really is up to your insurance agent how much to charge you. A lot of brokers these days try to hide this fee because they know that it is NOT very appealing when your insurance is only $350.00 a year for a basic liability plan and your Brokers Fee is $300.00. That by the way has to be paid up front. Does that seem a little unreal to you? Well believe it because hundreds of people really do pay up wards of $300.00 to $500.00 in broker fees. From a sales point of view there is an acceptable reason to charge a fee. Some insurance brokers are taking advantage of the fact that they can charge what ever they like. Here are some tips to make sure you are getting a fair price for what you’re buying.



First look at what kind of insurance policy are you buying? If it's the basic liability required by law an acceptable fee would be around $50.00 to $65.00. When you need more coverage such as full coverage uninsured motorist then you can expect to pay $70.00 to $85.00. Commercial Insurance, depending on what kind of business you have the fees are a bit more. Between $100.00 and $250.00. These are not standard fees that every insurance company uses. How ever they would be more acceptable for the services that an insurance broker will be doing for the life of the policy. Second if you have a bad driving record you can expect to be charged more. A bad driving record means you are a high risk to insure and more likely to cost the company a lot of money in claims. Last if you are a good driver ask to be put with a preferred carrier such as Mercury, Safeco, or Travelers. Preferred companies DON’T charge broker fees.

Now the next time your going to buy insurance and you seem to be paying a bit too much to start the policy ask your agent what the broker fee is, you can also ask to see the Broker Agreement. Every insurance broker should have a broker agreement that you sign. It should list any and all fees that the broker charges for services. Please try to remember as well that your broker will be servicing you for the life of the policy and a fee is acceptable. Just make sure it is one that you are comfortable with and reflects the kind of policy you will be purchasing.

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Epitome Insurance Solutions

what to look for when buying insurance!

If you are one of those people that get out the phone book or get on the internet when it comes to looking for auto insurance STOP!! You are wasting your time because 9 out of 10 times a quote over the phone will change as soon as you get in the office. Start by making a list of your local insurance agencys.This might take all day but if you really want the cheapest price out there you'll need to actually walk in each office and get the most accurate quote. Disclose any and all tickets or accidents you've had in the past 3 years, remember that DUI's stay on your record for 10 years now. Make sure that your agent breaks down exactly what kind of insurance you're getting quoted. There are actually 3 different forms of insurance; Liability, Uninsured Motorist and what most people call "full coverage" which is your Comprehensive and Collision coverage. Also remember that if you're a home owner you should have higher limits of liability not just the state requirement of 15/30/5. Last but not least make sure you choose an agent that you are comfortable with! Some one who's not pushy or just trying to make a sale. Choose an agent who really takes the time to make you feel comfortable with the insurance you are purchasing. After all they are the ones trying to earn YOUR business.

AN HONEST INSURANCE COMPANY FOR YOU!

Hello every one just wanted to write a little about my company it is called EPITOME INSURANCE we are in riverside on the corner of Magnolia and Arlington. Now I know that 9 out of 10 times when you are looking for insurance you get lowballed what is "lowballing?" well that is when you call for a quote and every thing sounds good over the phone but when you walk in the office expecting one price it is completely different "WAY HIGHER" than what they told you over the phone !! At EPITOME INSURANCE we belive you deserve an honest agent who is not looking to rip you off !! We just want a chance to earn your business and save you some money NO LOWBALLING NO BULL S#!T just great service and honest people !So thanks for reading this every one and like i said give us a chance to earn your business and trust.


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951-801-4151
melissa@epitomeinsurance.com

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FOR THOSE OF YOU WHO DONT KNOW THEIR HAVE BEEN SOME INCREASES IN FINES FOR THOSE WHO GET COUGHT NOT WEARING A SEAT BELT. IF YOUR AN ADULT YOU WILL BE FINE UPWARDS OF $200 AND IF YOU HAVE A MINOR WITH OUT A SEAT BELT THE FINES ARE UPWARDS OF $400. SO PLEASE, ITS NOT ONLY SAFE BUT ITS A GREAT WAY TO SAVE MONEY NOT ONLY ON YOUR INSURANCE BUT JUST IN GENERAL !! BE SAFE EVERYONE AND CLIKC IT !!!!