If you talk to any insurance representative about brokers, they will likely try to make you think a brokerage is not the way to go, and when you consider the facts, the opposite is true. In simple terms, a broker has the pick of the crop, and this means he is able to shop around and find the best possible deal for his clients. If you are about to take out some form of protection insurance, for example, here are just a few of the reasons why a broker is the person to approach.
- The Lowest Possible Price – Similar to currency markets, the insurance industry is in a constant state of change, and this allows the broker to focus on the client’s needs by searching for the best insurer at that time. There are brokers that specialise in mortgage protection insurance, and you can locate such a company with a simple online search, and from there on in, all you need to do is explain your requirements to the broker, and he will do the rest.
- All the Major Insurers Represented – An established insurance broker would have a good working relationship will all the major insurers, and this is where the real benefit lies for the client. Of course, all policies are slightly different, and with the client’s needs in hand, the broker can usually source an unbeatable deal, something that is beyond the traditional insurance rep.
- Tailored Policies – We are all unique in many ways, and that includes our insurance needs, which is why it makes sense to seek out an established broker, who will tailor the policy to the client’s requirements. When you consider the traditional insurance representative, they will do their utmost to convert you to their standard package, and to be frank, they have little choice, as they represent a single insurer, and therefore, cannot have the client’s best interests at heart, as their employer must come first.
- Let the Broker Take the Strain – Of course, you could approach 8 major insurers individually, and providing you had the time, the result would be 8 similar quotes, with perhaps some minor differences. That being the case, you certainly wouldn’t be able to match the broker for price, as they have a special working relationship with the insurer, which allows then certain concessions. If you source the right broker and tell them your needs, they will come back to you in a short while with 7 or 8 quotes from the various major insurers, and with unbeatable prices, you really can’t go wrong.
If you require income or mortgage protection insurance, an online search will lead you to a reputable broker, and he will use all his experience to source the best possible deal on your behalf, and with a very fast quote service, you can make an informed decision quickly. The broker is dedicated to customer satisfaction, and with an extensive list of major insurers, you can be sure of the very best deal at an affordable price.