12 June 2019
What is a broker and why should I use one?
By definition, an insurance broker is: “a person or company registered as an adviser on matters of insurance and as an arranger of insurance cover with an insurer on behalf of a client.” So why should you use one? Here are some top tips why you should:
- A professional firm, authorised and regulated by the Financial Conduct Authority (FCA)
- They find suitable insurance protection for their clients
- Buying through a broker does not necessarily mean higher premiums
- A broker will help you choose the cover that is right for you
- Don’t purchase on cost alone, know what you are covered for and what is excluded
- Cheap premiums usually lead to low cover. Higher premiums lead to higher cover
- Tell the broker what you want and they will do the ‘leg work’ for you
- A broker can guide you through making a claim
- What is the point of purchasing insurance if it doesn’t cover the items you want it to