For Lance Thompson, Cordell & Company Insurance Agency allows him to develop intentional and lasting relationships with people in the community as well as an opportunity to provide guidance and assistance during challenging times.
“I enjoy being able to connect with and meet such a variety of people and it is very fulfilling to know that I’m helping somebody,” shares Lance. “Insurance is something that nobody really wants, but it’s something we all have to have. Our team gets to be there when something bad happens and to be able to help people through tough times is what gives a bit of joy throughout doing our job.”
As an independent insurance agent, Lance equips clients by researching and providing the best insurance options to meet their needs, making recovery smoother when unexpected losses arise. Drawing on more than twenty years of personal expertise and six decades of company insight, Lance provides things to consider when it comes to choosing and reviewing insurance options.
Get multiple quotes
“I always recommend getting at least two or three quotes to make sure that you are seeing what the marketplace actually looks like because not every company is the same. Having an independent agent who works with multiple companies helps you easily explore different options.”
Be aware of deductibles
“Home and auto deductibles are continuously increasing, so make sure that you're getting the best wind and hail deductible out there. The ideal deductible is in the 1%-2% range. Dallas/Fort Worth gets hail, ice, tornadoes, and residual hurricanes, making roofs the number one claim. So, wind and hail deductibles can be a huge determining factor.”
Confirm what level of coverage is adequate
“You want to avoid getting into a situation where you're trying to cut costs in coverage but then experience a loss, because then you're having to scramble to figure out ways to make sure that you're properly covered. Make sure the coverage you have is adequate for your situation.”
Take an inventory of your assets
“In addition to documenting your belongings, make special note of any collections such as jewelry, firearms, antiques, and collector’s items like baseball cards that may not be adequately covered through regular personal property insurance.”
Verify that business general liability class codes are correct
“As your business expands and grows, it is important to make sure that your general liability class codes are actually defining what you're doing. Communicate any changes to your agent to ensure proper coverage.”
Complete an annual or semi-annual review
“Insurance is a top expense for a lot of people, and you need to make sure you're getting the best value and coverage. Communicate with your agent about changes such as refinancing, moving, or opening a home business.”
Connect with a trusted agent
“With increasing insurance premiums, it is important to have an agent who will communicate with you and will shop for the best insurance fit and not just do an annual renewal. Independent agents can explore what is out there in the marketplace and get the best value.”
For more information and to connect with Lance and the Cordell & Company Insurance Agency, visit cordellinsurance.com, call 817-924-4236, or email lance@cordellinsurance.com. Also follow @cordellinsurance on social media for additional resources.
Having an independent agent who works with multiple companies helps you easily explore different options.