Why Use An Insurance Broker?
The reason you buy insurance is to protect yourself and your family. Whether you are insuring your home, your car or your life, you want to make sure you are getting the best possible coverage at the best possible price. Many people turn to price comparison websites but this can lead to a few issues; the cheapest price is not always the best deal and many people do not fully understand the terms and conditions of the policies on offer.
The easiest way to get the best deal on insurance is actually to approach a broker. As the broker will be working for you and not an insurer, their job is making sure you get the most for your money. Rather than browsing online and choosing what appears to be a good deal, you could use the services of an experienced insurance specialist to act on your behalf. A good broker will spend time searching the market for various policies which fit in with your circumstances and requirements. The majority of us wouldn’t attempt gas repairs or car mechanics without training, so why take a risk on something as important as insurance? Remember that the questions on comparison websites are fixed and do not allow you to elaborate on specific circumstances.
We get to know our customers and try to understand what they are looking for in a policy. Many of the insurers that we do business with do not sell directly to the public or on the internet, so talking to an insurance broker is the only way to access these policies.
Here at Lifesure, we recommend the insurer and policy cover best suited to your requirements. We can use our professional knowledge and experience to source the house, car, travel, business or other insurance policy which most closely matches your needs.
Will it be expensive?
Contrary to popular opinion, using an insurance broker won’t actually cost you any more than shopping around for yourself. In fact, it will actually cost you less in many cases as our experience and industry knowledge lets us choose a policy which will cover what you need it to cover, without the added cost on unnecessary extras. Buying a policy which is truly suitable for you and your requirements removes the risk of any financial cost of discovering you are inadequately insured should you need to claim.
Is it more complex?
Rather than being more complex, buying insurance through a broker can make your life a lot simpler, especially as the questions only need to be answered once rather than filling in the same questions on over and over again on comparison websites.
Advantages of using a broker
To summarise, the main advantages of using an insurance broker are:
- Dealing with a person with extensive knowledge and experience
- Ability to purchase a tailored policy which is truly the best fit, both for cover and for price
- Building a relationship with a real person, not spending time on a computer ticking boxes
- Not needing to search the insurance market for yourself
- Offering guidance and support in the event of a claim
The Financial Conduct Authority (FCA) regulate all insurance bodies for your protection. Insurance advisers must ensure, before they offer quotations or advice, that they are aware of your personal needs and requirements and offer a product that will satisfy both.