Why Use An Insurance Broker

You’ve likely heard the term Mortgage Broker, but are you aware of the term Insurance Broker?  Just what IS a Mortgage Broker, and, for that matter, why might a person benefit from their services? An Insurance Broker works as a ‘middle person’ to assist clients in helping them find insurance companies that offer the correct product and suitable coverage at the best price. Because brokers can sell insurance from multiple companies, they can be of great benefit when helping you make a well-informed decision when purchasing your coverage.

What is the difference between an Insurance Broker and an Independent Insurance Agent? Ashley Kilroy FORBES ADVISOR states, ‘Insurance agents usually work on behalf of an insurance company, while insurance brokers work on behalf of folks shopping for insurance policies.’ If you get weighed down by sorting through policies and comparing quotes, an Insurance Broker might be the answer to alleviating some of the hassle.

Here are some additional benefits of an Insurance Broker:

·       Extensive Range of Options

Because of the range of choices, this positions you to find the best rate with the best coverage.

·       Price Savings

Because a broker works with many insurance companies, they have access to policy pricing that may be of great value and savings to their customers.

·       Negotiation Power

According to Unbiased Team, ‘Brokers are well-versed in the intricate language of insurance policies, industry trends, and the nuances of various coverage options.’ Because of their expertise in the industry, they are better positioned to negotiate on a client’s behalf.

·       Personalized Service

Unbiased Team states, ‘Insurance Brokers take the time to understand your specific needs, circumstances, and preferences. Armed with this knowledge, they can find a personalized insurance solution that precisely fits your requirements. This ensures that you’re not paying for coverage you don’t need or miss out on anything vital.’

·       Policy Reviews and Education

Insurance policies and the insurance industry is ever changing – a broker is an expert in this field and will keep you informed of any shifts in the industry and changes in your policy coverage and terms.

·       Saves You Time

Securing the correct coverage can be both overwhelming and time-consuming. A broker will listen to your needs, requirements, and preferences and will save you both time and effort.

In summary:

Insurance brokers offer invaluable assistance, from explaining policy intricacies to championing your interests during claims, ensuring you navigate the complexities of insurance seamlessly. Their support grants you access to diverse options and guarantees your coverage meets both present and future requirements.

Sandi Downing Real Estate/Keller Williams

Everything that can go wrong WON’T go wrong. We bring you ‘peace of

mind’ and THAT is PRICELESS!