Use An Insurance Broker When Looking For Insurance

When purchasing insurance, you can select to purchase direct from an insurance provider, from a tied agent or a lender that represents one firm or you may opt to buy your insurance through an insurance agent. Most brokers can help you save money on your insurance and of course the time you’d otherwise spend shopping around yourself but there are different reasons why using an insurance agent can be of significant benefit to you. <!–More–>

Here are just some of the Benefits of buying your insurance through an insurance agent:

An insurance agent works for you – not the insurance provider. Your insurance broker isn’t tied to a particular company or a particular company’s products. They can search a range of companies and their products to get the best price for you. A broker can have a comprehensive look at your personal requirements and recommend the very best and most appropriate product for you according to your own circumstance. Insurance agents can get you the best price available from their large portfolio of products and supplier, while banks or insurance companies can only supply you with the goods from one company, and are therefore more limited in the amount of products they can provide. If you would like more information about dartmouth insurance brokers, just check out AA Munro Sackville insurance.

Insurance Agents are professional and experienced. Brokers deal with a broad assortment of goods and services and are qualified to advocate the policies that best fit your needs from the wide array of companies they deal with. They’ll know for example what companies are best suited to younger drivers for example or who’s ideal for providing public liability to your business. They generally have experience with claims and can guide you through the often confusing and stressful claims process, answering any questions you might have. What’s more most brokerages in Ireland are generally smaller and can often offer you a quicker and more personalized service. Agents will also be committed to continual professional development and lifelong learning, ensuring they are educated on the latest modifications and adjustments to insurance policies and laws to offer you the best choices available once you buy your next policy. 

Insurance Agents are regulated: Agents are expected to meet specific standards and fiscal obligations. Along with the requirement to maintain professional indemnity insurance, they have to conduct a procedure with each customer to ensure they’re recommending the appropriate product to suit your requirements. A’fact find’ should be used to discover your precise needs and requirements and with this information the agent should make their educated recommendations. A’reasons why’ letter or’statement of suitability’ should also be introduced to the customer outlining why the solution and the supplier is being advocated and how they meet the customers specific needs. Meet our insurance brokers to learn more.

You can get access to insurance companies which you can’t access in your: Recently there are a growing number of insurance companies popping up that just deal directly with agents. In transacting business in this manner they can save costs and don’t have the identical requirement for large call centers or large government teams to take care of the general public. They can then pass on those savings to you, the customer. A number of these companies only deal directly through agents so that you won’t be able to find a quote directly. Certainly over the last couple of years we’ve discovered ourselves recommending these firms more and more as they have the ability to consistently deliver on cost, product and service.

Insurance Agents need to give complete disclosure on fees and commission and the impact on your insurance premium: Of course agents will need to get paid also and they get generally get paid a percentage commission from the insurance companies. Along with that they may also charge a small fee for their services. As part of the law they need to supply you with a copy of their terms of business which summarizes the companies they deal with, how they’re paid and details of any fees they may charge. This permits you to make an educated choice when purchasing insurance.
Deciding on an insurance agent means that you have an expert on your side when deciding on the best coverage for yourself, your business and your loved ones. Insurance brokers provide unbiased and professional information, ethical conduct, and complete disclosure of all of the information you will need to make an informed decision. They can talk you through every stage while giving you personalized advice and superb customer service. So the next time you are searching for insurance or renewing your existing product why not contact your regional broker first and see what a excellent service they can provide you with.