Strictly speaking, the insurance broker is an intermediary between the insurant and the insurer. The agent is also an intermediate link, but he works for the insurance company and operates in its interests. And here the broker – is the intermediary right in the sense that though he offers insurance services, he is not connected by labor attitudes with the insurance company. His problem consists in business attitudes between two irreconcilable camps.
In practice the insurance broker is the representative of the insurant. He helps to pick up the company, which meets the requirements of the client, and individual variant of insurance. If the price plays the most important role for you, the broker will find the cheapest insurance. And if you are concerned about the quality, he will explain you comparative advantages of insurers’ offers. Usually brokers are in contact to tens insurance companies, therefore, you should not waste time and ring round insurers looking for the best variant.
Activity of brokers is not limited to sale and selection of insurances. Actually, the essence of their work is a support of the client on all extent of contract validity. And if it is done independently (having wasted a heap of time and nervous cells) it is all the same possible to find the digestible insurance and you will receive the policy and nothing else. You should understand disputable situations from the insurance company in fair, but unequal to fight. it is not a secret how insurers do not like to leave money. For this purpose they have rich arsenal of the most refined receptions and staff of the most tempted lawyers.
The broker, first, will try, using communications in the insurance company, not to lead up a situation to a critical mark. And if the conflict occurred – he will give to you a legal aid.
Insurance broker