Reasons to hire an insurance broker

[cherry123]

As a novice in insurance it is better to work with a professional to understand how it works better. This expert in insurance industry are called the brokers

So why should you hire them

They help find the right policy that will suits your requirement

They will pay attention and understands a person insurance coverage requirements

They give both objective and impartial advice on the coverage to be bought

 

[Raja]

They are not brokers but Insurance agents that guides us about different policies

 

[cherry123]

They are not brokers but Insurance agents that guides us about different policies

I don't understand so what's the difference. Let learn together.

 

[Springtime]

Unlike agents which only work for a particular insurance company, an insurance broker does not represent a particular company. His/her role is to source the right policy from different insurance companies which meet with customer's particular needs.

 

[cherry123]

Unlike agents which only work for a particular insurance company, an insurance broker does not represent a particular company. His/her role is to source the right policy from different insurance companies which meet with customer's particular needs.

But the job cut out is the same right? is it just the one working for one company and the other working for different companies?

 

[Springtime]

But the job cut out is the same right? is it just the one working for one company and the other working for different companies?

Insurance agent just work for one insurance company. Insurance broker is independent. They don't work for any particular insurance company.

 

[cherry123]

Insurance agent just work for one insurance company. Insurance broker is independent. They don't work for any particular insurance company.

Oh okay then the difference noted . You did a very good job simplifying it this way. Thanks.

 

[Springtime]

Oh okay then the difference noted . You did a very good job simplifying it this way. Thanks.

You're welcome.

 

[cherry123]

Yeah this is the most why we are here so that we can learn from one another. Good to know.

 

[Reedex]

An insurance broker should be hired in order to achieve great results because you may not have a prior understanding on insurance policies.

 

[Heatman]

They are not brokers but Insurance agents that guides us about different policies

The knowledge that they have in the insurance sector is something that is very good because for someone who is new to insurance will definitely not know the best way or the best decision to take.

 

[SHAHID987]

I was also working as insurance agent, it could be regarded as my side business or you can say that it could be regarded as my side work, it's not a sort of job but there were a leniency in this work so I can understand that this thing do have much more importance as someone must hire a broker before getting an insurance policy because he knows all the pros and cons as well as the suitability of that particular insurance for that particular person.

 

[IB D]

Be sure your insurance broker is not also an agent of one of them insurance companies. Else he wouid hoodwink you to buy a plan from his company whether it favours you or not.

 

[Etini Willie]

An insurance broker would help advise you on what type of insurance plan is suitable for you. When you get an insurance proposal, it is the broker that would advise you if it is suitable for you. It is necessary to have an insurance broker so as to be sure that you are on the right path.

 

[cherry123]

You made a valid point I think same too to have a different insurance broker from an agent that is not of the same insurance company. To avoid forcing you to buy a plan that might not be helpful to you.

 

[Niyi Briggs]

The truth is that most small businesses don't even recognize the importance of insurance in a business. They just feel nothing can happen. I was like that too till it hit me.

 

[cherry123]

It is always good to have and expertly advice even with insurance and thos is where the h6roker comes in. The truth is that in areas you are not so good in, it is good to use an expert

 

[nomad]

I am not a fan of hiring a broker when it comes to buying insurance products. Most of the time these brokers are interested only in selling, they do not give accurate information.