Now, I mentioned having to pay the deductible if you file a claim. However, subrogation involves you transferring your rights, so the other driver’s insurance company pays your insurance company. This process sometimes (but not always!) covers your deductible. However, it could take at least six months for the process to be completed. TYPES OF INSURANCE AGENTS You can get your auto insurance in several different ways. The first is directly through an exclusive agent (also called a captive agent ) who represents only one company and might be salaried, might work on commission, or a combination of the two. The second is indirectly through an independent agent who represents multiple companies, which means he or she can look for the best deal for you. The third way is also indirect — through brokers who serve as go-betweens between their clients and insurance companies. The distinction between independent agents and brokers can get a little confusing, so here’s a little help: Independent Agents: ; ; represent insurance companies ; ; work with a limited number of companies ; ; can often sign up clients for exclusive policies Brokers : ; ; represent buyers ; ; work with a greater number of companies ; ; usually don’t have access to exclusive policies The process is different, depending on which route you choose.
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