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31 Jul, 2020|

Why Use an Insurance Broker?

Working with an insurance broker is just one of the many ways you can purchase your insurance today. We are all familiar with the big insurance comparison sites and the direct insurers. And you’re probably familiar with the term insurance broker. But may not be fully aware of what an insurance broker does. Read our recent blog for more on that.

Some may think working with an insurance broker sounds dated, time consuming or complex and that it’s much easier to go online and sort your insurance out yourself. But as insurance needs get more complex and new risks need understanding such as cyber protection, the need to look at terrorism insurance or issues arising out of a global pandemic, how confident are you that you are best placed to make the right insurance decisions for yourself, your family or your business?

So why use an insurance broker? There are many benefits to using an insurance broker that other providers cannot offer.

Why use an insurance broker?

Some key benefits that insurance brokers can provide include: 

It is a free service 

A regulated insurance broker will not charge you to search the market and find the best insurance options for your needs.

Insurance brokers can also provide you with advice on what types of insurance will be most suitable for your needs. And they won’t charge for this advice either.

They are experts in insurance

Those who work for an insurance broker are experts in insurance. Insurance is what we do, day in and day out.

We understand the terminology, the complexities, the small print, the detail. We understand emerging insurance risks and the appetite insurers have for these. And we work hard to understand your needs – be that linked to your home or car, or your business.

This makes us well positioned to advise you on not only the right insurance products for your needs, but the right level and amount of cover.

Insurance is complicated. So why go it alone?

Making all of your insurance decisions yourself means that the responsibility of getting it right falls solely to you. Working with an insurance broker means you have an insurance expert at your side who can guide and advise you and help you make conscious buying decisions. Not just about what you buy, but what you don’t buy. We think that’s better than not buying cover because you weren’t aware it existed or that you even needed it.

Getting the right insurance at the best price

Insurance brokers work for their customers. They do not work for insurance companies.

So, the focus is on getting the right insurance cover for your needs at the best possible price.

And that’s an important point. The best possible price may not always be the cheapest. You may be able to find a cheaper price researching online but the likelihood is that the level of cover will be compromised. Underinsurance is a big issue when it comes to insurance and one that only reveals itself at the point that you need to make a claim.

And because insurance brokers have built up good relationships with insurers and have such a good understanding of their customer’s needs, they have a better chance of getting the best possible price for you. And of helping you access insurance if you have very specialist or complex insurance needs.

Saving you time

Put shortly, insurance brokers do the leg work for you. Obtaining quotes and finding you the best deal. They also provide you with clear information and documentation.

There’s no need for you to visit multiple websites inputting your details time and again or spending time on the phone with numerous different insurers.

Most insurance brokers will also work with a wide range of insurers and will have built up good relationships with them. So, you can be confident that they can access as much of, if not more of, the market as you can yourself.

Support during the insurance claims process

Insurance brokers will also support and guide you through the claims process. It can be stressful and overwhelming making an insurance claim. Particularly if you have not made one before.

Whilst not all brokers will have a dedicated claims teams, we do at Anthony Jones and we feel that it is of significant benefit to our customers.

Anthony Jones are an independent, trusted insurance broker who specialise in both personal insurance and commercial insurance. We have teams of experts who can help whatever you’re needs, and we put a large focus on risk management as well as claims support. Two areas we feel are vital. If you have any questions or want any more information about how we can help you or your business, then get in touch with us today.