When buying insurance, you can choose to buy from an insurance agent who represents a specific insurance company, or you can choose to purchase your insurance through an independent insurance broker. An independent broker can prove to be the better choice; they help cut through the insurance jargon and help you find the best plan to meet your insurance needs since they represent more than one insurance company.
Here are some of the advantages of purchasing your insurance through an independent insurance broker:
Working with a Broker doesn’t cost you anything - There are no fees to pay for using the services of an insurance broker. In fact, the rates offered by insurance plans already account for commissions paid to insurance brokers, so your cost will not differ whether you work with a broker or enroll on your own. Why not get the help of a knowledgeable and licensed insurance sales agent who can make the process of enrolling easier than ever?
Brokers are Experienced in several Companies - Brokers deal with a wide range of carriers, products and services and are qualified to recommend the policies that best suit your needs from a broader portfolio of options than a direct insurance agent. Having a broker that contracts with different carriers helps eliminate bias as they help you research and compare. They typically have a deeper understanding of the industry, the market trends, the various products available in the market and provide greater customer services. Brokers typically have a wealth of collective data at their fingertips which is essential to your individual needs.
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. Brokers will compare various options and recommend the best option available for your particular need. Whereas an agent is bound to represent a specific company, therefore are more limited in the number of products they offer. They can only recommend and only have access to their own company's products, which may or may not be the right fit for your specific insurance needs.
Expertise - Having a broker that contracts with different carriers helps eliminate bias as they help you research and compare the different plans. They typically have a deeper understanding of the industry, the market trends, the various products available in the market and provide greater customer services. If you are approaching a new chapter in your life, you may understandably feel a little overwhelmed by the amount of information available for you to sift through. Having an expert who can help guide you through the structure, plans, benefits, and costs can make a big difference as you explore your options. Licensed sales brokers go through hours and hours of training and education every year in order to sell insurance plans.
Experience matters - As an industry expert, having a licensed sales broker with many years of experience navigating various products will help you avoid pitfalls as you explore your options. Not only do they have to know and understand the parameters of the options, they have access to vital information that may help you make this very important decision. With experience in the market, your insurance agent can be your guide. Whether you have retired already or are continuing to work, you may have different priorities for your future.
Tailored Guidance - Independent insurance agents can help tailor your insurance options to fit your needs and preferences. Every client is unique and deserve to find a plan that fits into your budget and lifestyle. Many insurance agents take on the role of personal adviser as you work together to review and compare insurance plans. Getting to know you and your insurance needs, your broker can fine-tune the search and help you enroll in the plan that will protect you and your family from stressful expenses.
Saves You Time - We are all busy – and whether you are retired or not, your time is valuable. A knowledgeable broker can save you time on research and plan comparison, especially if this is new to you. A licensed insurance agent can help you narrow down your options efficiently, and guide you to the coverage that will fit your circumstances so that you don’t waste time with options that simply won’t meet your needs. Brokers typically have a wealth of collective data at their fingertips which is essential to your individual needs.
Area specialty - Having a broker can provide more detailed knowledge of the plans available in your area. They are familiar with the Networks, Providers, Suppliers, Legal requirements, and plan offerings.
One-stop shopping - Licensed sales brokers offer you a one-stop shopping experience. Brokers deal with a wide range of carriers, products and services and are qualified to recommend the policies that best suit your needs from a broader portfolio of options than a direct insurance agent. Thanks to innovative technology, brokers can utilize software that will give you access to all the plan information they need, to provide you with up to date and accurate information.
Service After the Sale – Unlike many Agents who work directly for large companies, your relationship with your broker doesn’t end at the sale. Instead, your insurance sales broker may be an advocate for you for many years to come. Helping you address concerns with your insurance coverage and needs. A broker can help you review your coverage needs annually so that, as time goes by, you will continue to have the right plan for any changing needs.
Your Privacy is Protected - Brokers are required by their Code of Ethics to maintain your privacy and keep all client discussions and information completely confidential.
We would love to work with you and help you and your family with your insurance needs. Contact us today for a free no obligation quote; either by email, phone or click on the “Request a Quote” link. We will get back to you as soon as possible.