How to Obtain a California Insurance License

Because California has such a large population, licensed California insurance agents can make a great deal of money selling auto and home insurance to clients across the state. In order to get a license to sell California automobile insurance or California homeowners insurance, potential insurance agents must follow a series of steps. This is a brief rundown of the process.

  1. Fingerprinting
    All licensed California insurance agents must have their fingerprints on file with the state. This is accomplished by visiting one of the state’s approved live scan vendors and paying the appropriate fees.
  2. Education
    California homeowners insurance agents and California car insurance agents must complete 20 hours of accident and health pre-licensing study and 12 hours of study of ethics and the insurance code of the state of California.
  3. Online Application
    Only those who make an online application will be licensed to offer policies and charge California insurance rates. Make this application at the California Department of Insurance website. Appropriate licensed fees must be paid when the application is made.
  4. Pass the Insurance License Exam
    The California Insurance License Exam lets the licensing agency know that the applicant has the minimum amount of knowledge necessary to sell California car insurance and California home insurance properly.

These steps apply to anyone who wants to sell San Diego auto insurance, San Francisco homeowners insurance, Sacramento auto insurance, or auto and/or homeowners insurance in any other Californian city. Those who attempt to sell insurance without a license can be arrested and rendered ineligible to earn a license in the state or anywhere else in the country. Thus, the requirements should be followed with the utmost sincerity.

The Benefits of a Comparative Rating Software for Insurance Agents

Consumers know that they need to purchase auto insurance to stay on the roads, commercial insurance to protect their business and homeowners insurance to cover the costs of damage to their home.

But consumers often struggle when choosing policies. After all, insurance policies vary widely in the coverage they provide and the fees that come with them. It can be easy for consumers to become overwhelmed.

Insurance agents, though, can help, especially if they have access to comparative rating software.

Comparative rating programs allow insurance agents, and their clients, to instantly compare live insurance quotes online. When agents can bring this information to their clients, they make their insurance decisions that much easier.

Comparative rating software comes with many benefits, for both insurance agents and their customers. For agents, the software, and the ability to instantly look up live insurance quotes, can provide an edge in a competitive environment. Why wouldn’t consumers seeking information about home, auto, or commercial policies work with agents who can provide them with live quotes whenever they need them?

For consumers, live quotes provide the information they need to make an educated choice when it comes to choosing a policy. They will see immediately the varied rates that a wide variety of insurance companies might charge them. At the same time, comparative rating software provides consumers with the detailed coverage information they need to make their important decision: Yes, one company might charge less than another for home or auto policies. But the policies this company provides might offer less coverage or come with much-higher deductibles. Consumers whose agents have access to comparative rating software will also have access to this important information.

Agents with access to this software will also be able to inform their clients about the many discounts or rate reductions they might qualify for. Some insurance companies might provide consumers discounts if they boast driving records free of accidents or speeding tickets. Others might provide discounts if these consumers take out more than one policy with their company.

The benefits of comparative rating software are clear. The competitive edge that this software provides are well worth the investment for savvy insurance agents.

Might Your Insurance Agent Lie to You?

Might your Insurance Agent Lie to you?Insurance agents often fail to enjoy high levels of trust. However, they do know the laws of the state(s) in which they are licensed. Most of them are also committed to properly protecting the assets of their clients and want to secure a long-term, successful relationship with their insureds. Further, most experienced insurance agents also offer solid advice to their clients concerning appropriate insurance coverage for their specific needs.

As a client, you have certain responsibilities that help your agent offer the best advice for your situation. You must clearly state the coverage you want and can afford. Learning as much as you can about your state laws and regulations help you be a better informed shopper. As a knowledgeable client, you help your agent offer better advice and you will understand the insurance quotes that you prefer.

Should you lack the information you need to understand and compare insurance quotes, your agent cannot offer the best advice. While he/she will not lie to you, even the most experienced insurance agent may not have sufficient information to design the best program for you. Doing your part to communicate data on the assets you want covered and the amount of insurance that makes you comfortable allows you to intelligently compare multiple quotes for identical coverage.

There is no benefit to you or the agent by giving or acting on misinformation. For example, should an agent recommend minimum coverage to save you premium cost, you will not be happy if you suffer a major uncovered loss. Should your agent recommend more coverage, which you specifically reject, you cannot blame the agent for misinforming you. Obviously, the agent did not lie or lead you to insurance coverage that was insufficient or inappropriate for you.

Home insurance coverage is a bit more straightforward than auto insurance plans. It is tempting to save money by buying your state-required minimum auto coverage. However, if you own a home and have other personal assets, your agent may recommend higher coverage amounts to better protect you. Not only is your agent not lying to you, he/she is offering wise advice that you should follow.

Guide To Home Insurance

Guide to Home InsuranceYou can get home insurance in many ways. As the rates vary from company to company discounts also vary. Before buying the insurance and at the time of buying insurance there are lot of things to keep in mind. The below guide will help you know about home insurance.

  • Take as many quotes as possible before buying the insurance policy. There are many companies which provide you with good coverages and best rates. With the help of insurance agents and insurance company representatives, you can clear your doubts regarding the policy.
  • You can pay the premium amount in different ways. The method would be paying the amount in one shot or in advance. If the payment is done in one shot, you will usually get a discount.
  • Document your household inventory. You should have records of all the things that is in your home if something like flood, fire or any other disaster takes place. Always keep the documents in water and fire protected place and keep a copy of the document in bank or at friend’s place who is trust worthy.
  • Keep reviewing your coverages and check the new rates once in a year. Several things keep changing every year and this could make a great difference to the yearly rate. See to that you intimate your insurance agent about the changes in your lifestyle.
  • Insurance companies look forward for those homes which have more security system. Make sure that you have proper safety protection. Install fire alarms, water sprinkler devices. Though it might take lot of money to install, later it will reduce your insurance rates.
  • If your area is prone to floods or if you are staying in an area close to water you need to purchase flood insurance.
  • Check out the company records through the state department of insurance for better understanding about the company. Also checkout the company financial status.

Why Your Insurance Company Matters

There are people everywhere who wImportance of Insuranceonder why insurance companies are important. Some will claim that insurance companies are just in the business for the money and that they do not aim to help people. However, home and car insurance companies are important for various reasons. They offer services to customers, finances in the event of a claim, and local jobs to people who need them.

The goal of insurance companies is to provide a service to the general public by making available the funds that are needed to pay for damages because of an accident. People who have insurance realize that in the event of an accident there is a good chance that the cost of paying for repairs is outside of their means to pay. Insurance companies collect premiums and pool them together so that people will have access to funds to pay for damages and claims.

Insurance agents are people who work for the insurance companies. They specialize in understanding how insurance works and how it relates to the life of people. Agents spend most of their day helping and servicing people who need to file claims or who may have questions about their policies.

Insurance companies provide jobs in communities all over the country. There is an office in just about every town across the United States. Insurance companies will often look for local residents to staff the offices so they have a personal touch in the community and in the lives of their customers.

 

Defining Actual Cash Value

amount of money to replace your entire homeGathering homeowner quotes to decide which insurance company to go with involves a lot more than just calling for information about the cheapest rates available. To accurately compare home insurance quotes, you’re going to have to get yourself versed in some of the language that insurance agents use, and what those terms can mean for you if you ever have to actually exercise a claim for coverage.

Actual Cash Value
One of the terms that’s most often confused by customers shopping for homeowner quotes is “actual cash value.” You wouldn’t think this relatively simple term could be the cause of so much trouble and misunderstanding, but once you start to look at things like an insurance company, they tend to get a bit distorted. “Actual cash value” is a controversial term in the lexicon of home insurance agencies, precisely because the simplicity of the words lends it to interpretation.

What Does It Mean?
In a nutshell, if your home is destroyed, the insurance company will replace it in one of two ways: by paying you the replacement cost, or the actual cash value. The definition of “actual cash value” is the amount of money it would take to replace your entire home with a home of the same quality, made out of the same materials, less depreciation—whereas replacement cost doesn’t account for depreciation and is seen as the far better deal for the homeowner. Bear this important difference in mind the next time you compare home insurance quotes. While you might be saving money on premiums in the short term, you could end up with the short end of the stick if your home is destroyed and your insurer won’t pay you the full cost of replacement.