In today’s digital world, it’s easy to find quick insurance options – but when your needs are more complex, or if you want expert guidance and the ability to compare insurance coverages, working with a licensed insurance broker is the smarter choice.
A broker is an insurance professional who shop across multiple insurers (sometimes known as ‘insurance companies’ or ‘markets’) to find the best coverage for your unique situation. Many insurance brokerages, like McClelland Insurance, operate independently of their insurer partners and offer personalized advice to help you protect what matter most.
What you can expect when working with an insurance broker
Getting an insurance quote
A broker will ask you a number of questions to understand your situation, such as:
- Assets and risks that you need to insure
- Budget
- Preferences
- Any other circumstances that could affect insurance such as age, marital status, etc.
This is a valuable exercise to go through because you may not realize the types of coverage you really need.
What’s next
- The broker will assess and identify where you may not have enough coverage (or none at all!).
- Tailor a policy to fit your needs and provide you with a quote.
- Discuss each one with you and explain coverages thoroughly – one of the best reasons to work with a broker. Coverages and insurance terms are technical and confusing – a broker explains in plain language and in real-life situations that you can relate to.
Tailored coverage, personal service
A broker understands your situation fully so they can provide tailored coverage and price options.
- Policies offered by insurance companies can vary and there may be nuances that a broker can quickly point out to help you decide the option that is best for you.
- When you’re ready to purchase a policy, your broker will take care of all the required documentation.
More great reasons to work with a broker
- A point of contact for anything you need or questions you may have. Whether you’ve bought another vehicle or have another driver in the household, or you’ve moved houses – they can make all these life changes easier in terms of dealing with your insurance.
- A lot can happen within a year, so it’s important to let your broker know of any changes in your situation to determine if additional coverage is required, or if any discounts apply.
- This will be especially helpful when it’s time to renew your policy to ensure that you are getting the best possible coverage and price.
Help with a claim
Going through a claim can be stressful and confusing. If you experience a loss and are unsure what to do, your broker is there for you.
- Your broker will help you through the process by explaining next steps.
- There for you every step of the way and can advocate on your behalf with the insurance company.
- With their knowledge, can help ensure a smoother process and outcome.
Remember that the broker works for you and has your best interests in mind.