Searching for insurance can be overwhelming, not to mention stressful. By enlisting the help of an insurance broker you can shift some of this responsibility and have peace of mind that you’re protected.
In this blog, we’ll be explaining what we do and how we could help save you time and money on your next insurance policy.
What is an insurance broker?
An independent insurance broker represents you, not the insurance company. We are independent of any insurance company and our job is to find the best cover for you based on your needs.
You might think that the job of a broker is to simply sell you a policy. The right insurance broker will be able to make sure that your needs are understood, and met for the best price.
What does a broker do?
Helping individuals and businesses is the essence of what insurance brokers do, day in and day out. Here are just some of the things that we do as a local independent insurance broker:
Are insurance brokers more expensive?
A common misconception is that using an insurance broker is more expensive than shopping online. Sometimes the opposite is true and an insurance broker can end up saving you time and money.
Shopping online can be quick and easy but there are pitfalls. Online quotes might not always account for your individual needs or circumstances, and may lack in guidance as to what cover is appropriate for you. Remember that price isn’t everything, if your insurance isn’t offering adequate cover then you could end up with a nasty shock. If you do use comparison sites, make sure that you understand the policy wording, including any endorsements and be wary of large excesses.
As independent brokers, we do not have any ties to any particular company. This means we can help you compare policies from the broader market and highlight the best deals no matter which insurer offers them. Furthermore, we have access to insurers and products that are not available online.
How does an insurance broker earn money?
The insurance company pay us commission, which is usually a percentage of your premium. In addition, we charge a small administration fee.
Tips for choosing the right broker
Choosing an insurance broker can be challenging. There are many out there, each offering something different. However, it’s your hard-earned money that you’re putting at stake and, as such, you should choose your insurance broker wisely. Questions to ask yourself about a broker include:
The right insurance broker will share your values and work to build a relationship with you based on trust. They will become your trusted point of contact for all things insurance, understanding your needs and offering you guidance and advice.
At Jukes Insurance Brokers, we help individuals and businesses alike to find the cover they need. We’ve been around since 1963, over that time we’ve amassed a wealth of knowledge within the insurance industry to provide insurance that is tailored to our customers.
