With so many options available, choosing an insurance broker can seem overwhelming at first. It’s important to be well-informed before you make this important decision, so invest some time, do your research, meet with a few different brokers, ask questions, and then choose an insurance broker that can provide best policy for your specific needs 1000Pip Builder Signals Trial.
First of all, let’s define what an insurance broker does and how he or she does it. An insurance broker represents you by surveying the market and bringing back options for you to review. Many companies like Allstate and Farmers only work with agents that exclusively sell their products. This limits the specifications available to their clients. Brokers are independent insurance agents who possess a variety of insurance companies to find the best available polices for their clients. They receive commissions on their sales, and must be licensed after first having passed an insurance test.
Some insurance brokers specialize in different kinds of insurance such as auto, home, and life insurance, but many brokers offer a wide variety of insurance products ranging from personal to business insurance. As you begin your search for an insurance broker, keep the following pointers in mind:
–Start by using the California Department of Insurance website. Enter the name of the insurance broker firm that you want to review and the National Association of Insurance Commissioners (NAIC) number. You will obviously want to avoid firms with a high number of complaints. You will also want to research complaints or law suits investigated by the California Attorney General’s Office, that exist in the Consumer Complaints section of the website. Make sure you look at the Better Business Bureau’s website as well. You want to have a good idea of an insurance broker’s history and reputation before making a decision.
–Don’t forget to ask the hard questions. This is the only way you’re going to truly be able to assess an insurance broker’s track record. Ask questions like, “How long have you been operating? inches “What is your insurance expertise? inches “What is the average processing time for claims? inches “What types of policies do you offer? inches “What kind of coverage would you recommend for my needs? inches “How often can i review and change my coverage? inches and “Why did you choose this provider for me? inches
–Ask all of the insurance brokers you interview if they can provide testimonials from current clients. Much better, request a recommendation from a friend or family member who is satisfied with the service and overall experience they’ve had with a local broker.
Above all, always follow your instincts. If you don’t feel at ease or comfortable discussing your insurance needs and policy options with the insurance broker, he or she probably isn’t the ideal fit. Pay attention to the details as well. They could mean the difference between buying too much coverage, they want coverage, having unexpected out-of-pocket costs, or other unwelcome surprises.