Working with an Insurance Broker Helps You Purchase The Right Policy

If you are thinking of buying an insurance policy, you might want to think about using an insurance broker. An insurance broker is a professional who acts as a link between insurance companies and customers.

How can a broker help me?

A broker can research the insurance market to find the right policy for you, based on your particular needs. Once they have done their research, they will present you with a range of available options. It is then up to you to decide whether or not to purchase one of these policies.

Working with an Insurance Broker

What are the benefits of using a broker?

A broker can prove invaluable in helping you navigate your way through the insurance market. They are familiar with a range of insurance companies and can suggest those most likely to provide you with comprehensive coverage at a competitive price. A broker may even be able to negotiate preferential rates that would not be available to you if you approached the insurance companies directly.

What is the difference between a broker and an agent?

Unlike insurance agents, insurance brokers on the Sunshine Coast, like those from Insuring the Product, work for you, not for an insurance company. As they are not allied to any one company, they can explore a wide range of policies and offer prudent advice.

Can a broker help me make a claim?

When you buy your insurance through a broker, they will often help you in the event you need to make a claim. They might offer advice and support on the claims process, or work with your insurance company to resolve your claim on your behalf.

Making sure you have the right type and level of insurance is crucial to ensuring you have the protection you require. Finding the right insurance can be a time consuming and confusing task but by working with an insurance broker, you can ensure that the policy you purchase provides you with adequate protection.

This information is not intended to be advice and you should not rely on it as a substitute for any form of advice. You should always consider the PDS / Policy wording before making a decision.

Sources:

Choosing the right insurance broker
(niba.com.au)

10 Reasons Why You Should Use an Insurance Broker
(insurance.aon.co.uk)

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GENERAL ADVICE WARNING

This advice does not take into account any of your particular objectives, financial situation or needs. For this reason, before you act on this advice, you should consider the appropriateness of the advice taking into account your own objectives, financial situation and needs.

Before you make any decision about whether to acquire the policy, you should obtain and read the product disclosure statement for the policy.

We recommend you read our Financial Services Guide for information on our services and how we are remunerated.