How to Choose an Insurance Broker and Why It Would Be Beneficial
There are many choices in life that are made on the basis of options, with some measure of affordability included in the process; type and place of residence, make and model of vehicle, and dietary/dining habits are just some of the decisions that people will make in their daily lives – and that might change if necessary as time evolves.
This is often why people might frown upon and become frustrated by situations in which they have few options or basically no choice at all; and in many of these cases, they may have to settle for products or services that do not fully meet their needs and/or budgets. One such scenario that is heard over-and-over again relates to shopping for insurance.
Whether insurance coverage is needed for a home, auto, business, or specialty interest, contacting a private insurance company directly can actually limit the number of choices available to the purchaser, thus resulting in a decision that is made based on the fewest restrictions rather than the best coverage and the best value from the insurance policy.
To avoid these frustrations, and increase their probability of obtaining the best insurance solution for their specific needs, it would be advisable for property owners and business owners to contact a reputable insurance brokerage firm. Insurance brokers offer several advantages versus dealing directly with independent or private insurance providers; such benefits can include access to:
- A wider range of insurance companies
- A greater selection of insurance products
- Insurance products offered only by brokers
- Better rates/premiums and hence better value
- Insurance solutions more suitable for their needs
To learn more about the benefits of engaging a mortgage broker to address and satisfy specific insurance needs, please visit our Why Choose an Insurance Broker page.
So the question now becomes how to choose an insurance broker based on one’s needs? Here are some important tips/questions to ask in assessing and selecting a brokerage:
- Depth of experience and knowledge in all types of insurance products?
- The insurance companies with which they maintain working relationships?
- Their understanding of the claims process (if/when needed) and their role?
- Trustworthiness – do they work for their clients or for their own gain/goals?
- Customer service – personal and face-to-face or e-mail/voice messages only?
- Availability – business hours and after-hours contact and response processes?
- Level of comfort with and use of the latest technology and software packages
Insurance brokers can play an integral role in protecting property and loved ones against loss. By placing their clients’ interests ahead of their own, and acting on those interests as if they are their own, brokers can help to find or create the optimal insurance solution for a particular need.
One such firm is Petley-Hare Limited, a leading insurance broker in Oshawa and Durham Region for almost a century.
Experienced Insurance Brokers Providing Solutions Tailored to Client Needs
Local property owners and business owners looking for experienced and well-informed insurance brokers can indeed rely on the team from Petley-Hare Limited. For the better part of the past 100 years, Petley-Hare Limited has been providing insurance solutions tailored to suit the specific insurance needs of their clients; and with offices in Oshawa, Pickering, and Bowmanville, Petley-Hare Limited’s Current Staff of Insurance Brokers are accessibly located for Durham Region residents who want to have a face-to-face dialogue on their respective requirements.
The Petley-Hare team is highly knowledgeable in all types of insurance products and can competently assist can assist new and existing clients with their coverage for a variety of needs including but not limited to:
- Unmanned Aerial Vehicles (Drones)
To learn more about the complete range of insurance products and services provided by the experienced insurance brokers at Petley-Hare Limited, Call 1-800-216-5324 today to speak with one of our knowledgeable representatives or Contact us to request your no-obligation quote.