Should I use an insurance broker, or go direct?
There are many resources out there to help you find insurance to fit your needs. You can start by working directly with an insurance company or one of their agents, or by working with an independent broker.
Insurance companies offer standard coverage packages and bundles. They can provide you with quotes for their specific products and offerings. Brokers, however, can do the legwork of researching the best policies and carriers to fit your needs.
Buying direct makes it quick & easy for clients to find a quote and sign up for coverage, since many companies enable consumers to purchase over the phone or online. Customer satisfaction ratings of reputable insurance agencies are available online, helping consumers know where to focus their energy in their search.
Brokers, however, work for you, rather than one specific insurance company. They are middle men working to help you find the right coverage, rather than a direct company trying to sell you on their packages. Brokers can also help you navigate the claims process. They’re always looking out for your best interest, rather than an insurance company working to generate revenue. There is no added cost to you for working with a broker. Most brokers, like myself, are independent entities who make commissions based on policies, rather than on fees associated with my services. This means that my clients get truly unbiased assistance.
The process of working with a direct company versus a broker varies widely. When working directly with an insurance company, clients can create a quote online and sign up for coverage without ever speaking to an agent. The process with brokers can be similar, but brokers then provide you with multiple quotes and coverage options to best suit your needs, all while explaining the fine print of the terms and conditions.
Overall, working with brokers is an excellent way to know your full options and gain a trusted advisor. If you or someone you know is in need of insurance, please contact me to set up a consultation. Smitherwood Insurance is proud to offer our clients all the resources and benefits of a large agency without sacrificing personal service and care.
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