INSURANCE BROKER
An insurance broker is an intermediate person between the client and the insurance provider. Brokers will work for the person who avails the insurance, rather than for an insurance company. They, with their professional knowledge and risk management tactics, help you in the correct assessment of your insurance needs.
WHY DO YOU NEED A BROKER?
They have good knowledge of the terms and conditions of the insurance policies, benefits, drawbacks and the cost of various insurance policies, thus helping you find the appropriate cover for your needs. They also make you understand the risks either personal or business related, giving you an idea to decide upon what to insure. Brokers will help you decide on what level of cover you may require analyzing your financial conditions, thus making it simple for you to avail an insurance policy.
WHAT DO BROKERS DO?
- Helps you in reducing the overall premium by analyzing various types of insurance and discounts.
- Are readily available at your service at any time, to clarify and correct your query.
- Help you understand about the mortgage changes and various certificates of insurance.
- Provide you revisions at policy renewal.
- Ensures that insurance claims are processed under a fair and fast rate.
CHOOSING THE RIGHT INSURANCE BROKER
It is very important to choose the correct insurance broker for our needs. It can be done by;
- Possessing a clear idea about our personal or commercial insurance needs.
- Making a list of insurance brokers in your vicinity, via referral from trusted sources or with your first hand knowledge.
- Scrutinize the broker before scheduling to meet him.
- Know about the various policies your broker is handling before sharing your insurance options.
- Evaluate your insurance options considering the cost, coverage and tenure, with the broker before availing for insurance.
