Buying Insurance Online - is it worth it?

s buying Insurance Online worth it?
Purchasing Insurance online is a good option but not for everyone. When you purchase any product or service online, you are on your own. It means you understand and agree with the terms and conditions of the purchase agreement. The difference between Insurance and any other product or service is that you need on going advise and guidance on a day to day basis. You cannot buy insurance and return or cancel the service as and when you need.


If you buy Insurance Online you don’t have the expert opinion, guidance and advise. You are the insurance professional for your own Insurance Policy. What ever data you have input in the buying portal is time stamped and captured. It can be used against you if a claim is denied and you end up the court system. If a policy is purchased with incorrect information or insufficient information, it can be extremely dangerous for you and your family.


Insurance companies use very advanced quoting programs to provide a quote. If you miss a gap in your insurance, provide inaccurate date for a minor conviction, forget about an accident seven years ago you don’t get accurate quote. This means online quoting is almost never accurate. Once you get price and you are happy, you still must call and provide almost the same information again and get surprised with a quote that is not the same as what you got online. This is a waste of time. Isn’t it? Instead call your local broker and let the broker ask the right questions and help you get the right quote.
If you buy insurance online you donot have the luxury to speak to a person who can help you with policy changes like changing a vehicle, changing address, adding and removing drivers etc. If you click something interpreting it incorrectly you may have to bear the consequences of a claim being denied. You lack some important advice during the transaction.


Finally, the third most important reason, is that you have no one to speak to in case of claim. When you are involved in a loss you need an expert to guide you through the process, use his/her knowledge of the claim process, hold your hand and calm you and your emotions down. You need someone to tell you “its ok, you are in good hands, I will make sure the claim is handled properly and if you need anything please let me know”.
When you are looking for insurance policy you are looking for protection of your assets, peace of mind and advise. Only an Insurance Broker can provide the peace of mind and assurance that you are in good hands. A broker can shop for you and provide customised quotes as per your needs.


All in all, buying insurance is great if you know the service, Insurance Act, claims processes, consequences of your actions etc. In other words, you need to be an Insurance Professional to take the decision. Why not pass all the worries to your trusted Local Licenced Insurance Broker in Durham at Aaxel Insurance Brokers Ltd.? We will be there for you when you have that loss.