Why Choose an Insurance Broker?

Why Choose an Insurance Broker?

Lately there have been a ton of different ways to purchase insurance. Planning for the future and protecting your assets are at the top on a consumers mind when considering their insurance options. But looking for the right coverage can be overwhelming, especially for someone who is not familiar with insurance, which is why you need an expert to help you make the best-informed decisions. 

Insurance brokers are here to act as your personal advisor on any insurance matter. Brokers work for you, not the insurance company, to make sure that you, your family, your possessions and your business are properly protected. Brokers will be there to guide you through the claims process in the event of a loss, and will help you to ensure a quick and easy settlement by your insurance company. 

Expect your broker to give you expert, unbiased advice on your individual insurance needs. Most large insurance providers are focused on selling you their products while independent brokers ensure that your interests come first. 

Here are some more reasons why choosing a broker may be better for you:

Choice
Brokers have access to a wide range of some of the best insurers in the country. Once a broker has properly assessed your needs, they do all the shopping and all the work for you to ensure that you get the best coverage at a competitive price.

Advice
Brokers are licensed professionals who use their experience and judgement to act as your personal advisor. It’s also important to know that they are free to make impartial recommendations. A broker’s first and only responsibility is to serve your interest so it’s advice that you can trust. 

Flexibility
Brokers know that some people have busy lifestyles which is why communication with them is flexible. Whether it’s face-to-face, over the phone, or by email – brokers are there to communicate in whatever way works for you.

Trust
Insurance Brokers work to a principle of utmost good faith. Buying from a broker means that you can buy with confidence knowing that your needs are being put first and that the recommended coverage is right for you. 

Advocacy
In the event of a loss, your broker is there to ensure that you receive fair and prompt payment to get you back to normal. Your broker will also be there to advocate for you in a dispute with the insurance company. Experience has shown that a broker’s knowledge and contacts can often help settle a disputed claim. 

Knowledge
Brokers are a wealth of knowledge on all aspects of insurance and other preparedness. They know how to ensure that you get all applicable discounts on the insurance you buy. They are experts at risk assessment and how to properly protect you and your family’s interests with respect to Auto, Home and Business coverage. Professional education is ongoing and put to use on a daily basis, so you can rest assured that the coverage you receive is the coverage you need.

Transparency
There is no added cost to you using an independent insurance broker. Brokers are paid a commission from the insurance company they place your business with, there is no financial incentive for them to pick one over another. In addition, brokers are completely open about their transactions and encourage you to ask them about their remuneration. 

Responsibility
Brokers act as a local resource centre for safety information and crime prevention. Brokers are part of your community’s emergency response team. They will be among the first to respond to your needs in the event of a catastrophe in your community. Buying from a broker means you are investing in your own community. 

To speak with one of our expert advisors today, call us at 905-696-9090 or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.  

Source: IBAC

 

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