You probably have a variety of insurance policies, covering everything from your health to your home. While this industry is diverse because of the different policy options an insurance agency can offer you, even the agencies themselves have differences. The following will help you understand the differences between captive and independent agencies.

What Makes Captive & Independent Agencies Different?

If you’re working with a captive insurance agency, you’ll only see policy options from a single carrier. You can still find different types of insurance, such as home or car insurance, but they’ll all come from the same company. In contrast, independent agencies are not bound to a single policy company and are free to offer you a variety of different options.

Why Does It Matter Which Type of Agency You Choose?

The insurance agency you work with will impact your policy options, both in terms of the rates and terms you’ll be able to get. If you want to have all your plans under your preferred single provider, you could work with a captive agency. However, if you want the opportunity to shop around between competing providers to find the best prices and coverage options, you should go with an independent agency.

How Can Life’s Changes Affect Your Policy Needs?

Having insurance helps people plan for life’s uncertainties. The fact that a move to a new house, a change of income, or a natural disaster can all drastically change your policy needs in different ways means you always want choices for your insurance options. Regardless of your circumstances, being able to search for protection through different providers will provide the flexibility you need.

When you need an insurance agency that can suit your needs, choose Dunlap Agency in Fairbanks, AK. Since 1986, this team has been providing a diverse range of policy options from many top providers. Whether you need a new insurance plan for your home or want to insure your snow equipment for the winter, they can cover it all — they even offer animal liability insurance to protect albino alligators. To get in touch and find your perfect policy, visit their site for a quote or call (907) 456-5202.