When you are looking for insurance, you can either buy from an insurance agent who represents a specific company, or you can choose to buy your insurance through an independent insurance broker. Often times, an independent insurance broker can prove to be a better choice because of the multiple doors that can open for the customer. Brokers do not work for one specific insurance company, they work for the customer. Independent brokers will use their connections to find the customer the best insurance policies that suit their budgets and their coverage needs. Continue reading along to get more information about how using an independent broker can benefit you opposed to a single insurance agent.
An insurance broker works for you, not the insurance company:
Your insurance broker is not tied to a specific company or a specific company’s products. They can search a number of companies and their offerings to find the best deal for you. A broker can take a thorough look at your personal needs and recommend the best coverage for you based on your situation.
Insurance brokers are experienced and professional:
Brokers deal with a wide variety of products and services, and they are qualified to offer recommendations and advice about the policies that you are interested in purchasing. They typically have experience with clients dealing with losses and can guide you through the often confusing and stressful claims process, answering any questions that you may have.
Your privacy is always protected:
Brokers are required by their Code of Ethics to maintain your privacy and keep all client discussions and information completely confidential.
Full disclosure about commission rates and their effect on your insurance premiums:
Brokers are required to disclose their commission rate and the effect this has on your insurance premiums. Broker compensation is included in your premium payments and your broker will provide you with a statement at the point of sale that tells you how much of your premium goes toward the broker’s commission. This allows you to make an informed choice when buying insurance.
These are just a few reasons why using an independent insurance broker is more beneficial than putting all of your eggs into one basket. For more information about Schwegel Insurance and our insurance products and services, please feel free to continue browsing through our website. We can also be reached via phone at (519) 576-2020 or you can reach us by filling out our contact form.