Blog Archives - Insurance Broker Resources

How Licensing Works in Insurance

InsuranceBrokerResources — Mon, 04 Aug 2025 13:03:35 +0000

How Does Insurance Licensing Work?

Insurance is by state so you have to take an exam and pass in your resident state.

Check out this article on how to become an insurance broker

Lines of Insurance

When you have 1 line. The renewal of the license costs the same to renew 1 line as it does 2 or 3 or even 7. When you expand states. You will pay a registration and renewal fee every two years for that state. So if you have 7 active licenses in Missouri all you have to do it is pay one renewal fee for Missouri and all of your licenses will be renewed. Each state then has their own fees and when you expand states that’s when it starts costing money.

Property Insurance
Casualty Insurance
Life Insurance
Accident Insurance
Health Insurance
Travel Insurance
Credit Insurance
And More!

This article is to avoid confusion when it comes to renewing licenses in your state. You have to pass each test and individually get each license then when you renew your general insurance license in each state all of the licenses you took an exam for will be renewed. (As long as you followed CE requirements and other necessary requirements)

Sometimes when you take get a license in a certain state within a certain time frame before your insurance license renewal, they will extend that out 2 years assuming you renew your license. Instead of you paying to get a license in a new state and then it coming to an end in 3 months and having to renew. It synchronizes with the renewal of all of your states.

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How To Become An Insurance Broker

InsuranceBrokerResources — Fri, 01 Aug 2025 11:24:19 +0000

In this article we explore how to become an insurance broker.

Insurance Broker How To

Get experience in insurance. What kind of insurance do you want to focus on? Property and Casualty insurance? Life insurance? Health insurance?

Sometimes it is recommended to get a job in the industry that you want to work in so you know it is right for you. At the end of the day most people will help train you if you have a really good attitude and a good spirit.

Getting The Proper Licensing

Insurance is by state. You do not need to be sponsored by an insurance organization in order to take an exam. It is always much easier to have someone with experience to guide you through it though.

There are free practice exams online. It is recommended to take a course before you sit for the exam. You can take an exam at any Pearson Vue testing center.

Now that you have passed the exam you go to NIPR register, pay the fee and you are licensed to sell insurance! Renew every 2 years from the date of your birthday. Now it is time to put that license to use and make a commission by selling insurance!

Broker

This article is about how to become a broker. Are you sure you do not just want to sell insurance? There is a difference between a broker and an agent. Check out the actual difference between the two words, agent and broker by reading this article here.

Sometimes we use the term agent and broker interchangeably when actually meaning one or the other.

Most true brokers work commission only because they decide which insurance carrier that they work for.

Working In The Industry

There are captive and non-captive at the end of the day. You will find people who love what they do at each place. There can be some really amazing places to work.

Some well known captive carriers have agents that can broker insurance through other carriers but their book and everything stays with the company & carrier.

Some independent brokerages employ licensed representatives to handle their book and get new clients but the book is still captive.

Sometimes, it can be difficult to get a true non-captive agreement. There are so many great places to work. Don’t be a guy that gets upset with other brokers or agents for any reasons such as having the highest price with no options. Especially if someone takes a client from you.

Agency / Brokerage Agreements

Try to avoid some of the major pitfalls that most agents run into. including but not limited to:

Insurance Broker Resources is an insurance brokerage experienced brokers go to in order to not have any of these strict requirements. At the moment IBR is working to get the processes in place to be able to onboard more brokers. Currently we are licensed in Missouri and Illinois. Insurance Broker Resources is a source for knowledge in insurance & insurance sales in the industry. IBR can potentially really help you.

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Ins Broker Resources

InsuranceBrokerResources — Sat, 19 Jul 2025 14:49:54 +0000

Ins Broker Resources

Ins Broker Resources is an abbreviation that some people use when referring to us, Insurance Broker Resources.

Insurance Broker Resources gets abbreviated sometimes to save time. Sometimes some people have even called it “IBR” when speaking really fast.

Actually some insurance carriers have started to abbreviate the word “insurance” just to “ins” especially when referring to some of the insurance companies they work with. Insurance carriers such as Progressive insurance have abbreviated our name to Ins Broker Resources because that is what they have started to do with other insurance companies as protocal.

If you see “Ins Broker Resources” showing up somewhere chances are you might have seen the name on a Progressive insurance policy.

Dedicated to Education

Insurance Broker Resources is a resource for both agents and consumer’s of insurance.

We are dedicated to answering some of the questions that come up while selling insurance on a day-to-day basis.

You will see that we create articles that actually tend to be based on some of the common every day questions some people ask when purchasing insurance.

Ins Broker Resources. Dedicated to Helping

Here at Insurance Broker Resources we value doing good business.

We are brokers dedicated to helping with your success!

Based in Missouri, with high-quality education and other values based on good ethics and patriotism towards America.

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What is Insurance Broker Resources?

InsuranceBrokerResources — Wed, 16 Jul 2025 12:31:33 +0000

Insurance Broker Resources. What is it?

Have you heard about us? A breakdown of Insurance Broker Resources LLC, or “IBR” a privately held insurance brokerage headquartered in the greater St. Louis Missouri area.

A Wholesale Insurance Brokerage For Brokers

Insurance Broker Resources is a wholesale insurance brokerage / aggregator in mostly P&C insurance but also holds direct appointments with Life and Health carriers as well. You could refer it to also be an IMO, FMO, MGA or other similar terms.

We help insurance brokers write insurance through our brokerage with access to several carriers.

IBR is a top choice for insurance brokers because:

These are the reasons why Insurance Broker Resources is a top pick for any insurance broker. High amount of respect towards insurance sales reps, we treat our brokers right and give them access to accountants and managers who help with commissions and sales.

A Resource For Insurance Brokers and Agents

Dedicated to knowledge and success, Insurance Broker Resources is your source for information when it comes to insurance.

Join our forum where agents share information regarding questions they need answered and high profile topics in the industry.

Go through our website and read about important topics in the industry.

A High Sales Volume Brokerage

We don’t just study insurance and twiddle our thumbs, we write insurance! Every single day we are writing new business. We are always generating more business than what is leaving.

We generate business through business and residential door to door, cold calling, referrals, direct sales, marketing, our amazing website SEO and media pages. Do you have a personal or business question about insurance? Maybe you can experience the beauty of what IBR is by calling and having a quote ran or asking a question you have about insurance.

We are always incorporating the newest technologies.

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Uninsurance Vs Underinsurance

InsuranceBrokerResources — Sun, 13 Jul 2025 19:17:47 +0000

Un-Insurance vs Under-insurance

Both of these are extra coverages to protect yourself from other drivers driving around carelessly. You never know when someone could hit you for absolutely no reason by mistake. Both of these can be extra coverages in case your own standard policy doesn’t meet the claim in some cases but more accurately it is to protect against other drivers.

It is important to understand the difference between these insurances which are almost identical vs comprehensive insurance, which covers you in case trees fall on your vehicle or you hit a deer or something similar. These under and un- insurances protect against actual people when they hit you and technically they should be covering it because they are at fault but a wonky situation happens.

Underinsurance

This could happen if you might not have enough coverages, or more accurately if it is the other person’s fault and they do not have enough coverages on their own policy to fulfill your own claim. They have some and it meets some of the amount but your insurance would pay more on top of that.

Uninsurance

This is if someone isn’t driving around with insurance at all and hits you. Your car would still be covered. Sometimes these insurances can be blended together and depending on the specific policy & carrier one could cover the other so in these cases you might actually only need one type but it wouldn’t hurt to have extra coverage especially because in theory there is an actual difference.

Sometimes it is not amazing to hear, but sometimes even if it is the other person’s fault and they did not have enough insurance or they did not have insurance at all sometimes your insurance can actually pay for THEIR damages or claims for their own vehicles they were driving or themselves. Which can feel unfair but canny situations arise so it is good to have had that protection vs facing a lawsuit or something similar.

Since we are a resource for knowledge we might advise that going without auto insurance when you are driving your own vehicle you own is actually illegal in almost every state. We are not here to enforce the rules we are here to help you and act as brokers trying to get the cheapest rates for you from several carriers keeping in mind your goals and what coverages you want in an insurance policy.

Sometimes underinsurance comes first. If you have minimum state coverages sometimes you will still be able to get underinsurance but you will be denied from getting uninsurance. When you increase your actual limits that’s when you qualify for uninsurance. underinsurance is displayed first. then you have the option for your respective uninsurance coverages. These coverages can follow similar coverages to your liability limits like 25/50 to even 250/500 or more. Most of the time the liability limits you set for the underinsurance and uninsurance cannot exceed your already stated general liability limits for bodily injury and property damage.

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What Is a Named Operator Policy?

InsuranceBrokerResources — Sun, 13 Jul 2025 17:40:06 +0000

What Is a "Named Operator Policy" In Auto Insurance?

In auto insurance, a “Named Operator Insurance Policy” only covers those names listed on the auto insurance. If someone wanted to drive that car they would need their own insurance and if they didn’t have a vehicle themselves they would need their own named operator policy.

You flip a policy to a “Named Operator Policy” when you remove a vehicle so there are no vehicles on the policy. Or when you sign someone up for auto insurance without a car.

You could have a named operator insurance policy whenever someone wants to be insured and have extra coverages while driving someone else’s vehicle.

Although depending on carrier & state, insurance mostly follows the vehicle. Meaning, the owner of the vehicle needs to have insurance and whoever is driving that vehicle, the insurance will follow the vehicle and the vehicle’s owner’s insurance especially if you grant permission or if either person hits each other and doesn’t have their own auto insurance when it is their fault.

Insurance follows the vehicle unless flipped to this named operator policy and lists the names of the insured on the policy, or if there is some special rule regarding a specific insurance carrier or even a state, depending on who is holding insurance legally.

Can I Have Auto Insurance Without a Car?

Yes, you can own insurance without a vehicle. This is called a “Named Operator Insurance Policy” as we are mentioning right here. The rates would be cheaper than having a vehicle on the policy. If you are driving other people’s vehicles, renting vehicles or driving around a lot this policy would help. Consistently paying auto insurance can make your rates go down over time if you remain a safe driver without any claims.

Having auto insurance without a car can also protect you from additional instances that may arise such as the vehicle’s insurance not having enough insurance to cover in case of a large damage or law suit. You may be surprised what auto insurance will cover when you don’t expect it and are in some trouble!

Should I Have Auto Insurance Without a Vehicle?

It depends.

Pros

Cons

Sometimes in random scenarios you could be required to hold a named operator’s policy or just have your own insurance on your own daily driver you own if you are doing something especially involving another vehicle. If this is for a business or work you should let it be known vs a personal policy. Sometimes you can pick up a personal policy and then mark “For Business” but it would need to be a personal vehicle. Commercial vehicles almost always have to have a commercial policy because we are unable bring up those vehicles on personal insurance policies when we look them up and try to pull them up and put them on there. Sometimes commercial vehicles will not even register on a personal auto insurance policy such as a box truck or a ford F-350 that has a converted-back specifically for work use.

Unfortunately, sometimes people feel defeated when it comes to insurance and making claims. They feel they are just paying into insurance for no reason. We understand that dealing with some carriers can feel that way. That is why here at Insurance Broker Resources we represent the client and since we have a vast amount of knowledge and expertise in the industry we can guide you to insurance carriers that match your specific needs.

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In this article: Who does auto insurance follow? a outline synapsis. auto insurance. auto insurance without a car. car insurance without a vehicle how does it work? Named operator insurance polices in auto insurance.

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What is 25/50/25 in auto insurance?

InsuranceBrokerResources — Tue, 06 May 2025 23:57:20 +0000

The person above is paying $3140 for a 6 month policy.

25/50/25

What does 25/50/25 mean?

When you get into an accident it is your liability limits. The amount you are protected for if you get sued.

$25,000 per a individual person for personal injury. If someone gets injured and their are hospital bills

$50,000 per a accident for personal injury limits. So 2 people could receive a $25,000 payout each. Or 3 people could not get more than $50,000 total.

$25,000 the last $25,000 is for property damage. Damage to other objects and cars.

Sometimes in personal injury cases an injury can be valued at hundreds of thousands of dollars to even millions. So driving with $25,000 per a person is not much. Same thing with vehicles on the road today. A lot of vehicles these days are valued at more than $25,000 for just a single vehicle.

25/50/25 is the state minimum limits in most states such as Missouri. It is normally not recommended to have the minimum coverages.

There are other general liability limits but the increments can vary.

Sometimes commercial truck drivers can start 500,000 to 1 million just to start.

CSL is a term used to just group the personal injury and property damage together. If someone has $500,000 CSL it means it is for basically all the reasons someone could be sued in an auto accident just put together.

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In this article: insurance broker resources. ibr. what does 25/50/25 mean? 50/100/50. 100/300/100/. 250/500/250. CSL. liability limits

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When To File An Auto Insurance Claim?

InsuranceBrokerResources — Tue, 06 May 2025 13:38:39 +0000

Filing Auto Insurance Claims

I Was In an Accident, Should I File a Claim?

A general rule of thumb. If you are in an accident:

It isn’t your fault – The other person has insurance. A not at fault claim is filed. The other persons insurance covers it.

It isn’t your fault – The other person does not have insurance. The other person can get in legal trouble but sometimes your insurance covers it with “uninsurance”.

It is your fault and you have insurance. Your insurance will cover the other car. If you do not have liability only and you do have a deductible on your car.

Make sure you have auto insurance. Give us a call today to get signed up for some of the most affordable insurances while having a broker advise you!

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How Does a Glass Claim Work in Insurance?

InsuranceBrokerResources — Tue, 06 May 2025 11:37:20 +0000

Glass Claims

Depending on your carrier and your state regarding glass,

Chips can be mostly covered.

Larger cracks, sometimes you will have to pay out of pocket or file for the comprehensive deductible. Unless you have a special glass deductible on your policy which can be affiliated with comprehensive insurance.

In some states if you have a chip that is less than a certain size such as a quarter, you take your vehicle to a glass place and they will contact your insurance and get it all taken care of for no more costs than what you pay your insurance for! It is good to have filed a glass claim with your insurance provider before hand to make sure it is approved. Sometimes it won’t even count as a claim, or it counts as a glass claim specifically, or for the total amount which can be insignificant. It is important to check the rules regarding your carrier.

In some states there could be a $50 to even a $250 deductible for a glass claim. Sometimes the exact same insurance carrier can have different deductibles depending on the state you are living in $0 to even $250 +.

Larger Cracks on Windshields

If the chip is a large chip or has become a larger crack.

Be careful for anything that can obstruct your vision. Sometimes you are ok to drive with glass cracks it just needs to pass inspection for your state.

It is important to see what your individual policy covers regarding glass. In most cases it will be the cost of the comprehensive deductible to get a full windshield replaced unless it is cheaper to go out of pocket.

Will Your Vehicle Pass Inspection?

Your windshield just needs to pass inspection. If it is very noticeable you may want to get it replaced. If you got one inspection and the shop didn’t pass you, it is ok to get more than one inspection. Sometimes a place might find something wrong where another place won’t find anything wrong and pass you for your inspection.

The cracks in your windshield cannot obstruct your view if it is to pass inspection. It cannot be cracked in a circle where a piece could come out. If a windshield looks like it is too damaged it could be a structural risk while driving.

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In this article: insurance. windshield insurance. How to get a crack on your windshield replaced. Will insurance replace a tiny crack in a windshield? insurance and windshield cracks. windshield deductibles.

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Difference Between “Collision” & “Comprehensive” Auto Insurance

InsuranceBrokerResources — Wed, 23 Apr 2025 12:50:08 +0000

Collision Insurance

Collision Auto Insurance is just what it sounds like. It is mandatory when you get car insurance. You need it in case you get into an accident and it is your fault.

Comprehensive Insurance

Comprehensive Auto Insurance is basically anything that the collision doesn’t handle except for a couple things in which you would need underinsured insurance and uninsured insurance.

Major Differences

You will have two separate deductibles and pay separate rates based on the two. Collision is mandatory when picking up a policy because you need to be able to pay for another vehicle if you were to hit them. When you have both coverages you are considered to have “Full Coverage”.

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What Is “Collision” Auto Insurance?

InsuranceBrokerResources — Wed, 23 Apr 2025 11:23:16 +0000

Collision Auto Insurance

The “Collision” part of an insurance policy is the part of the insurance policy that covers your vehicle when you get into an accident.

“Collision” is really the part of an insurance policy where you have an accident with another insured driver.

Deductibles

You will be required to have a deductible for collision insurance. It is good to carry a $500 or $1000 deductible.

So if someone else hits you their insurance covers it and you do not have to pay anything, if they have insurance and it is their fault.

If your vehicle suffers damages from a accident by collision, say from yourself you then pay the deductible that have on your policy to get the car fixed.

What Is “Comprehensive” Auto Insurance?

Difference Between “Collision” & “Comprehensive” Auto Insurance

What Is “Full Coverage” In Auto Insurance?

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What Is “Comprehensive” Auto Insurance?

InsuranceBrokerResources — Wed, 23 Apr 2025 03:16:34 +0000

What is Comprehensive Insurance?

Comprehensive insurance is basically everything an auto insurance policy covers except for the accident.

Comprehensive Auto Insurance

Comprehensive auto insurance covers damage from wind, break-ins, dents from running into animals. Mostly anything that doesn’t involve the actual car accident with another insured.

What Is “Collision” Auto Insurance?

Difference Between “Collision” & “Comprehensive” Auto Insurance

What Is “Full Coverage” In Auto Insurance?

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What Is “Full Coverage” In Auto Insurance?

InsuranceBrokerResources — Wed, 23 Apr 2025 03:00:42 +0000

"Full Coverage"

Full coverage in auto insurance means that when you get into an accident and it is your fault it will cover the costs to replace the vehicle that you damaged AND your own vehicle IF you pay the deductible to have your own vehicle replaced. The vehicle you crashed into if it is your fault and you have insurance will automatically be covered when reported.

Full Coverage When Buying a New Car

If you are buying a car and you are financing the car, the finance company providing the loan on the vehicle is generally going to want you to have “Full Coverage”.

So what exactly does this mean?

Full coverage means you have two deductibles. One for “collision” and one for “comprehension”.

“Collision” insurance is going to be mandatory. Especially in states where auto insurance is required by law.

“Comprehensive” insurance can be optional if you want to pay out of pocket for your own damages.

If you have a loan on the car the finance company is going to require you to have a deductible of at most $1,000 in most cases for both collision and comprehensive insurances.

So if you completely total a $30,000 car and you owe $25,000 on it still, the finance company and you yourself are not out of luck! You get a new car for just the deductible!

What Is “Comprehensive” Auto Insurance?

What Is “Collision” Auto Insurance?

Difference Between “Collision” & “Comprehensive” Auto Insurance

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In this article: Full coverage insurance. full coverage. full coverage for auto insurance. auto insurance. new car insurance. what is full coverage on car insurance?

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What Is A Moral Hazard?

InsuranceBrokerResources — Mon, 21 Apr 2025 05:28:28 +0000

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Progressive Insurance Company

InsuranceBrokerResources — Tue, 15 Apr 2025 06:00:39 +0000

About Progressive Insurance Company

Progressive insurance company is a insurance carrier that insures mostly automobiles in the United States. Progressive is a very well known auto insurance carrier. They compete with some insurance companies that also write the most auto insurance policies!

Insurance Broker Resources is a insurance brokerage that has Progressive as an option. We really like Progressive and believe it to be a named brand insurer. They have affordable rates and high satisfaction when it comes to claims.

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