Where To Find Insurance AdviseInsurance - Who Can Help
If you need insurance, the best option to hire it is to go to an expert insurance advisor. The advisor can get the policy you need, with tailored coverage and at the most exciting price, without interference or interest, from the Insurance companies. That is, to ensure what you want most, you should put yourself in the hands of an Insurance Broker.
It is essential to know about Insurance Brokers and what their role is in the insurance business. From the outset, it is essential to be clear that an Insurance Brokerage is neither an insurer nor a commercial insurance agent. This is one of the false beliefs that circulate about Insurance Brokers. The truth is that the Broker is an independent mediator who advises his clients in contracting Insurance.
The Insurance Broker And Its Role As Mediator
An Insurance Broker is entirely independent of the companies, and that is why they operate with many of them, intermediating until it finds the best policy for its clients in each case. The Insurance Broker is not an agent that works for insurers, nor does it depend on any entity.
They are independent intermediaries acting on their own but are subject to a system of administrative supervision and strict rules. Anyone cannot be an Insurance Broker, they are required to have a specific qualification to be able to carry out their activity, and the vast majority of them have experience of several years in the insurance business.
The Independence Of The Insurance Broker
Although they are sometimes confused with insurance agents, they have nothing to do with it. Insurance agents are workers or agents of a single insurance company and depend on the companies, while the Brokers manage policies of several insurance companies independently for their clients.
Management independence is the main asset of Brokers before those who trust them to contract their Insurance as insured. They are the ones who mediate in favour of the interests of the insured when there is a problem with the insurance benefits, when the payment of a claim is delayed, or differences arise with the insurer.
This independence that distinguishes Insurance Brokers allows them to provide advice on Insurance that is much more impartial and objective on the coverage that best suits the policyholders.
When sales do not depend on a single insurer, an objective analysis of the client’s needs can be made and offers from different insurers can be compared to propose the most appropriate insurance budget, both in terms of coverage and price, according to professional criteria of the client.
Advantages Of Contracting Insurance In An Insurance Brokerage
The very definition of the figure of the Broker reveals some of the advantages of contracting Insurance in a Brokerage. His consideration as an independent advisor and the need for specific training to carry out this work, already represent an interesting benefit for the consumer. Although hiring insurance in a brokerage has other significant advantages:
Hiring Insurance Through An Insurance Brokerage
Professionalization and knowledge of insurance products
The Insurance Broker can only practice after passing the specific training that enables them to do so. They carry out the insurance management of different insurers and should know the characteristics and coverage of these products to offer good advice.
Therefore, Insurance Brokers are the people best prepared to compare Insurance and get the policy that best suits the needs of any client.
Being an independent mediator, the Insurance Broker can (and should) focus on the client and provide personalized and impartial advice to obtain the best policy in each case.
As an insurance mediator, you can carry out a study of the client’s needs and choose the insurance product that best suits their circumstances. Also, the Broker watches over the interests of his client, so that he will compare until he finds the most exciting price among the offers of the various insurers.
Safeguards The Interests Of The Insured
By not being linked to the insurers, the Broker acts on behalf of his client. As we have seen, he is required by law to provide the necessary advice so that the insured knows the details of the policy contracted.
This mediation work between the insured and the insurer is the key to understanding the activity of the Insurance Brokers, and the primary added value they offer to those clients who are looking for Home, Car or Life Insurance.
Assistance In The Event Of A Claim With The Insurer
In the event of a claim, the Insurance Broker must provide assistance and advice to its insured. This is another of the most valued advantages by customers since in many cases, the customer service of insurers is not entirely effective.
If you have contracted insurance through a brokerage, from here, they will advise you on what you can claim from your company, the compensation to which you are entitled and the limits of the coverage.
Also, the Insurance Broker is in charge of managing claims and ensures that the insurer complies promptly with the provisions of the Insurance contract. This is an essential function of the Brokers, which makes it possible to speed up the procedures of a claim and the collection of compensation.