There are several differences between an insurance agent and an insurance broker, but there is one key difference that sets them worlds apart: a broker is an insurance expert that works for you, whereas an agent is an insurance expert that works for the insurance company – and one company at that. Since an insurance broker represents many insurance companies, you can relax while they do the shopping around for the best coverage and the best rates for you.
The broker does all of the searching for you on your behalf. All you have to do is discuss your needs with the broker and he or she will diligently determine which type of coverage best meets all of your needs including your budget. This is a huge time saver and money saver for those in need of any type of insurance. Whether it’s auto insurance, life insurance, home insurance, or even pet insurance, and many other types of insurance, using an insurance broker can be very convenient and helpful.
Without a broker on your side, it can be challenging to negotiate your rates with an insurance company, and some people are uncomfortable doing so. Brokers know which companies may be more accommodating of certain circumstances or driving histories and will approach them for you.
Another advantage of having an insurance broker on your side is in knowing you can count on their expert advice, as your particular insurance needs change. Changes that could affect your insurance needs in the future include:
For example, let’s suppose you’re retiring next year, you could enjoy lower insurance rates with a decrease in car usage. Same thing could happen if you switch jobs and have a shorter commute.
Although no one ever expects to be in a car accident or have a fire at home, it will be extremely helpful to have expert advice readily available at such a difficult time.
To find a licensed broker in Canada, simply visit https://www.beforethequote.ca/, to locate one in the community where you reside. You can also use this site to verify if recommendations from family or friends are licensed brokers or not.
If you’ve got questions, we’re ready to answer them. By listening to your needs and answering your questions, we can find you the appropriate coverage at the best rates around. To find out more or to discuss your options with one of our expert brokers, please contact Mitchell & Whale at 1-800-731-2228 or email us at email@example.com.
Want to add to this story? Let us know in comments below! Mitchell & Whale is a fast-growing insurance brokerage in Ontario, striving to make insurance _not suck_ one customer at a time. Give us a call today to discuss any of your insurance needs at 1.800.731.2228.