An insurance broker is an independent insurance expert with advanced knowledge of the insurance marketplace and its scope of products. Their role is to help guide clients objectively towards the right insurance policy to suit their financial needs and lifestyle, by comparing the products on offer and finding the best level of cover available.
Andy Piggott, Managing Director explains “An Insurance Broker gathers personal and your business details, including financial information to give advice on what benefit amount you should consider and what potential gaps in risk from the information you have given”
Ultimately an insurance broker’s purpose is to source a competitive premium (monthly or annual payment amount) for their client’s insurance and ensure that the policy terms offer the client the protection they need.
As anyone who’s suffered an insurance claim denial will tell you, there’s nothing worse than discovering you’ve taken out an insurance policy with an exclusion that prevents you from filing a claim or receiving financial compensation when the time comes.
An insurance broker can help you avoid this common setback, by carefully reading the policy documentation on your behalf, and flagging any clauses that could lead to a conflict of interest down the line
Here are a few reasons why going to a broker for insurance might be the best choice:
The personal service delivered by an insurance broker, together with the benefit of a better product at a lower rate, are just two of the arguments in favour of using a broker over applying for cover independently online.
In fact, with insurance sourced through a broker, if you ever do need to file a claim the broker who sold you the policy will handle the process for you – an added perk you definitely don’t get by going direct, or via a price comparison website.
To find out more about the insurance broker services we offer at Grosvenor Insurance, please contact us via email at abi@grosvenor-insurance.com or telephone 01244 324891 or 01978 896871
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