We all like having to pay our monthly insurance fees, right? We simply can't wait until those payments start emptying our accounts like clockwork soon after payday, right? I am certain that you will agree that those are two of the silliest assertions you've heard in a long time!
Then why, if paying our premiums leaves such a terrible taste in our mouths, do we accept the very first policy we can get our hands on? Why don't we do a bit of homework until we discover the most cost effective insurance policies with the best cover? Won't paying our insurance policies month after month then be a bit less agonizing?
One of the best ways to discover insurance plans is by making use of an insurance broker.
Most "normal" people don't possess extensive knowledge of the insurance industry.
If the insurance company suggests that I take advantage of policy A, and that I must also select policy B, C, and D in addition to that (to receive the best coverage of course!) it's almost guaranteed that the average buyer will believe them and that I will most likely end up paying 5 times more than necessary.
An insurance broker in contrast, makes a living off insurance! Selling insurance policies is their "8 hours a day 5 days a week" job and that makes them experts in the field!
The good thing about having a broker is that they will not be charging you anything more - you might in fact end up saving cash! Yes, of course these brokers have to get paid for their products and services, but this is usually in a form of commission from the insurance companies. These commissions already form part of your month-to-month premium, regardless of whether you use a broker or not. Yes it's true! If client An opts for policy A from company A without using a broker, client A will be paying the same for this specific policy than client B would be when making use of a broker.
Another positive point about using the expert services of an insurance broker is that they do not work for a particular insurance provider (don't confuse an insurance broker with an insurance agent like a state farm, american family, farmers, shelter, or allstate). For this reason your broker will be able to provide you with numerous quotations and choices from various insurance agencies. They will also know which policies and companies to steer away from.
Having access to an insurance broker is almost like having your own insurance personal assistant. You can settle back and relax while they handle everything - from the first quote to the actual pay-out of a claim following an accident!
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