Why use an insurance Broker?

Insurance brokers have access to many different insurance policies because they deal with a range of insurance companies directly. Brokers will be aware of the benefits, exclusions and costs of competing policies. An insurance broker can also help arrange and place the cover with the chosen insurer and can often provide advice on how to make the most of your insurance budget.

When arranging insurance, many people take shortcuts without seeking proper advice, understanding the fine print or considering whether they are getting value for money. An insurance broker can help you determine the level of cover that is required so you can ensure you are properly protected.

Brokers are available to assist individuals and businesses perform specialized work to design a customized insurance and risk management program. They design the policies, negotiate the terms with insurance companies and place the cover with the insurer. Risk management programs are often integral to the process. Risk prevention and loss minimization strategies serve towards reducing premium costs.

Insurance brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. A broker will also explain your policy and advise you of any special situations that you need to be aware of. Furthermore, a broker is obliged to advise you of the fees charged for services provided to you.