The Insurance Broker Advantage

You can buy insurance through several sources, but your best insurance is through an insurance broker. There are many advantages to you and your community when you use the services of your local broker. We have listed a just a few below:

Personal Insurance Adviser – An Insurance Broker works for you and not the insurance company. An Insurance broker provides advise, guidance, expertise to you so you can make an educated choice about your personal and business insurance matters. An Insurance broker will always provide unbiased advice.

Choice - There are many insurance companies in Ontario and each company has its own unique characteristics. An Insurance Broker typically represents a few insurance companies. Hence you always have choice. An insurance broker will always analyze your situation and advise you why you should choose a company over other. The choice is yours but at least you have been offered one unlike insurance companies who can only offer a product through one insurance provider. On a side note – some of the best insurance companies do not even sell directly to public but instead sell through brokers.

Confident Purchase – An insurance broker will put the needs of your family or business above anything else and hence you can be rest assured that the insurance product you purchase will always work for you. The broker provides advise, expertise, knowledge, experience and guidance in purchasing an insurance product.

Comfort of Home – You can meet a broker in the comfort of your own home or in the office or at a coffee shop or the phone, wherever you want. A broker will work according to your schedule.

Claims Advise – In the unfortunate event of a claim the broker will guide you through the process, advocate for you, help you gather necessary evidence if necessary and talk to claims adjuster on your behalf. If you buy from a direct writer or an insurance company directly, in the event of claim you will deal with the insurance adjuster directly.

Risk Assessment – When it comes to knowledge and risk assessment you have no choice but choose an Insurance Broker. Brokers must pass an exam to get a license and in order to maintain the license in good standing they must continue studying every year. Hence Brokers are knowledgeable and well versed with today’s insurance market. Broker will use all their knowledge and risk assessment skills to provide unbiased, independent insurance advise to you.

Free Service – You do not pay any fees to the insurance broker. When you pay your insurance premiums the insurance broker makes a commission from that premium. There is no additional cost to you. You can ask for the commission statement which provides the details on how much commission a broker makes from the sale of the policy. A broker will gladly show you the details. This is a very transparent transaction. Hence it is in the broker’s best interest to provide sound advise and excellent customer service to you.

All the above-mentioned benefits prove that your best insurance is an Insurance Broker. You get free advice, unparalleled customer service, lots of options, amazing knowledge and the list goes on when you decide to hire a broker to help you with your personal or business insurance needs.