Why should you choose an insurance broker?
If you are thinking of buying an insurance policy for something you don’t know much about or insuring something fairly unusual you should consider using an insurance broker. Some may think working with an insurance broker sounds time consuming or dated and it’s much easier to go online but as insurance get more complex and new risks need understanding are you confident that you are best placed to make the right insurance decisions for yourself, your family or your business?
We understand the terminology, the emerging insurance risks, the appetite insurers have for these and we work hard to understand your needs. This makes us well positioned to advise you on not only the right insurance products for you, but the right level of cover. Insurance is complicated. So why go it alone?
There are many benefits to using an insurance broker that other providers cannot offer. Read on to find out more on what an insurance broker can offer you and why you should consider contacting us before your next insurance purchase.
Advantages of using an insurance broker
Advice and Knowledge – As licensed professionals, insurance brokers have a wealth of knowledge and expertise so they can offer you excellent advice on products, how to manage risks, comparing insurance solutions and purchasing insurance. Brokers are impartial and their advice is meant to serve your interests, not the interests of a particular insurance company.
Knowing your options – Insurers won’t always offer you every type of cover when you go directly to them. Brokers will work with you to understand your unique situation and offer you a range of pre-vetted options to choose from, meaning you can rest easy knowing you are getting the right coverage at the best price.
Find the right product for you- a broker will ask you about your personal circumstances to find you the right policy. They will be able to tell you if you are already covered by your existing insurance policies and get you a good deal by comparing prices and product features. They can also be more flexible on price than comparison sites.
Choice and Price – Dealing with a broker means you are gaining access to the best insurers, some of whom do not sell directly to the public. Insurers will sometimes offer better rates to brokerages, meaning more savings for you. Why would insurance companies offer these lower prices? Lower cover.
Find a specialist provider – Comparison sites may not offer cover that should be tailored to suit your needs. You also will not find special or bespoke cover on there, so if you want to insure something unique like a high-value antique or a collection, a broker is your best option.
Claims are dealt with – If you ever need to make an insurance claim, you can lean on your broker to help make sure you receive a fair and prompt payment. If you find yourself in a disputed claim, your broker will act as an advocate with your insurance company and do as much as possible for you so you do not have the hassle and worry.
If you are looking for insurance, contact us at James Hallam. We offer a wide range of insurance products and can help you to tailor your insurance to your precise needs.