The Benefits of Working With an Insurance Broker

When you are looking for a new insurance policy you want expert, unbiased advice from someone who really knows the industry and can help you find the best possible solution for your needs. Whether you are looking for insurance for your car, home, or business you will achieve better results by consulting an insurance broker.


One of the most valuable aspects of the broker-customer relationship is that it is unbiased. Brokers have strict ethical requirements they must adhere to in order to keep their licenses which includes:

· Confidentiality of your personal information;

· Full disclosure on their commission rates and how this affects your premiums; and

· Required to state any financial links that may be considered a conflict of interest.

Because they work for you, not for a specific insurance company, they are more invested in your interests and will find the best deal for your unique requirements as opposed to overselling you to increase their commissions.

Industry Knowledge

Unless you work in the insurance industry yourself, there is probably a lot you don't know and finding the right coverage for your home or business can means hours of research or trusting the advice of comparison websites. This process can take up a lot of your valuable time and still not ensure that you have acquired the best possible policy.

With their significant product knowledge and industry experience, an insurance broker can help you find specialist providers you may not otherwise have discovered. They will be much more efficient at cross-checking policies as well as explaining the costs and answering questions. Brokers will also be an indispensable resource if you need to make a claim against a policy as their years of experience will make that otherwise troublesome paperwork a breeze!

The resources they have at their disposal along with their independence from insurance providers will offset the cost of expert advice by saving you money on exactly the right policy. And because the risk is lower for insurance providers when you work with a broker, you will likely get a better rate than you would if you approached the same company for the same policy independently.

Peace of Mind

The main consideration in the minds of consumers when they buy insurance is achieving peace of mind that they are protected from loss. Working with an experienced insurance broker will increase this peace of mind with the knowledge that you are:

· Insured by a reputable company;

· Not overpaying for your policy; and

· Insured for the things that really matter most to you.

at 12:30 AM
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