An insurance broker sells, solicits, or negotiates insurance for compensation. If you need to purchase liability, accident, health, auto, life, long-term care, and/or any other kind of insurance, you need the assistance of a professional insurance broker with vast insurance knowledge that you can trust. Insurance is an important purchase so you want to be able to discuss your particular concerns and individual circumstances with a knowledgeable and trustworthy broker. If you are new to obtaining insurance, finding a good broker can be a daunting experience. Here are some actions that you can take to find a reputable insurance broker:
Online Business Review Sites - Start your search for a reputable insurance broker online with independent business review websites. These sites publish first-hand reviews of many businesses, including insurance brokers, made by the people who have actual experience with them. The reviews on these websites list positive and negative opinions of insurance brokers by location, so you can find a broker in your local area that you can easily meet in person. Read the detailed reviews and decide which insurance brokers may be the most knowledgeable and helpful for your particular situation and insurance needs.
Personal Recommendations - Ask your friends, relatives, and co-workers if they can recommend a good insurance broker. They will be familiar with your lifestyle and concerns and will be able to empathize with you. First-hand recommendations are almost priceless.
Insurance Broker Interviews - Once you find a list of potential insurance brokers, interview each of them by phone, email, and in person. In this way, you can find someone who you have a rapport with and who can understand your priorities and work to find the best insurance coverage at a reasonable cost specifically for you. Here are a few interview questions to ask potential insurance brokers:
- License - Ask the insurance broker if they are licensed by the state where they are located. In order to qualify for a current valid insurance broker license, a broker must pass an insurance coverage examination every two years.
- Representation - Ask the insurance broker if they represent all major insurance plans and not just a few. Ask them for the names of all the insurance companies that they use and recommend to their clients. You want a reputable insurance broker who has knowledge of a lot of difference insurance companies and the coverages that they each offer.
- Customer Service - Ask the insurance broker if they can give you a general idea of insurance costs and coverage so that you can make a preliminary assessment of reasonable insurance rates. Also, ask if they will be available to help you with any problems with a specific insurance company beyond enrollment. This can be helpful if you have to file a claim or have any problems or conflicts in the future.
- Insurance Coverage - Ask the potential insurance broker if they carry General Liability Insurance coverage and Errors and Omissions Insurance coverage. Errors and Omissions Insurance limits an insurance broker's liability from any mistakes or omissions they may make when writing your insurance policy.
Verification - Before you choose an insurance broker, contact your state's insurance regulator to verify that an insurance broker that you are considering is currently licensed and operating in good standing.
Once you have found a knowledgeable and trustworthy insurance broker, you can relax knowing that you will have great insurance coverage that is perfect for you and your particular situation. You can also rest assured that you will have a knowledgeable advocate that you can contact for advice in the future. Contact a business, such as Horizon Insurance Brokers Limited, if you are interested in finding an insurance carrier.Share