An insurance broker doesn't add to your cost of insurance, yet an insurance agent does guide you through the maze of details you have to know to buy insurance. How much insurance do you require? What's a fair price? Do I really want this specific insurance?
To begin, an insurance agent is appointed with lots of different insurance providers, which means that your broker can shop every one of the carriers for pricing and benefits of all the carriers. A broker doesn't work for the insurance providers, they work for you and your interests. They'll shop all the carriers for the security and benefits you need and desire in addition to the price. A good agent will find you the insurance you need at a cost you're willing to pay. An insurance broker doesn't cost you any more money, as they are covered by the carrier by which you buy your insurance.
An additional advantage of buying insurance through a broker is that you can know the person who's selling you your insurance, and you'll profit from their wisdom and experience. Generally, an insurance carrier will steer you to their"one-size-fits-all" policies. A broker will work with you to ascertain your individual or group needs and show you several choices from various insurance providers that best fit your needs or the demands of your company. You also receive an unbiased expert opinion from a broker, not the corporate advertising"talk" from an insurance company that point out their advantages and avoids their weaknesses.
A broker can also help you and your employees with processing claims, often saving you precious time looking for the ideal person at the AOR Insurances provider that may help you with your claim or answer your query.
A broker can also be a member of your community, they store the very same companies (including yours), go to the very same churches and know the same folks. An insurance agent will be more in tune with your regional circumstances including local economic issues and other factors which might have an influence on your insurance needs. In the end, a good insurance agent will become a lifelong friend in addition to a consultant and agent.