Top 5 reasons you need an insurance broker
Ever feel overwhelmed by insurance jargon and too many options? An insurance broker is the key to solving that. Brokers are trained to guide you through the world of insurance with their expert understanding of the market and which options would work best for your needs.
Here are five key reasons why having an insurance broker on your side can make a world of difference.
1) Expert guidance
Our brokers have spent years immersed in the field. Before they start recommending insurance policies, they’ll take time to truly understand you and what you’re looking for. This includes understanding your portfolio, financial needs, assets, and risks.
Once they’ve built a profile for you, they’ll compile a collection of policies for you to analyse. They’ll explain the different coverage options, how they each work, how to claim, and how to select the right combination of products.
2) Saving you money
Being a broker means having a broad overview of the insurance landscape, which insurers specialise in which fields, how much insurance is meant to cost (so you know you’re paying a fair price), and which policies are suitable for which clients.
This birds-eye-view perspective ensures that you save money and time when finding the right insurance product. They’ll save you the hassle of needing to call each insurer yourself trying to find the right cover.
They can also negotiate with insurers on your behalf to get you the right price and coverage. It’s not always about the cheapest insurance but finding the insurance that’s right for you based on all the relevant factors.
3) Customised coverage
The insurance package that your friend or family member has might not be relevant to your needs. That’s why customisation is key when it comes to insurance.
Our insurance brokers tailor insurance coverage to your specific needs or circumstances. You might work in a specific industry, such as the food industry, and you require a hyper-specialised type of insurance to protect your business. That’s where a broker can assist. They’ll search the entire insurance landscape to find packages that give you cover for your unique situation.
4) Assistance with claims
Nobody likes filling in insurance claims, particularly when the language can seem intimidating and full of jargon. The devil is in the details, and due to the complexities of the claim process, you might overlook key information or forms without even knowing it.
An experienced insurance broker knows what to look for, and which questions to ask. They’ll be able to guide you through the entire process, to make sure that the insurer pays out what and when you are due.
5) Long-term partner
Long-term relationships underpin a broker-client relationship. Our brokers understand that as life progresses, your insurance needs will change. They’ll constantly re-evaluate your insurance portfolio and highlight when and which policies are no longer relevant or necessary.
Getting married, having children, buying a car, or travelling overseas for work all require specific types of coverage. When life changes, our brokers are there to assist you along the way.
As your financial needs also evolve, our brokers can connect you with Indwe BlueStar to receive expert financial advice. Indwe BlueStar is an authorised Financial Services Provider in long-term insurance (FSP 6832).
Conclusion
An insurance broker is your partner in navigating the complex world of insurance.
Connect with a qualified Indwe Risk Services insurance broker today to get the right risk advice for your specific needs.
Indwe is an authorised Financial Services Provider FSP 3425