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Can an average person actually save money on all their insurance needs by using an insurance broker?
Wiki User
∙ 11y ago
Insurance brokers can actually save you money on all your insurance needs by finding the right product for you as well as finding the perfect provider for this product.
Wiki User
∙ 11y ago
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What do you call the person who sells insurance policies?
This individual is called an Agent or Insurance broker
What is the difference between an insurance company and a broker?
a broker sells the insurance, (is a sales person for many companies generally) and insurance company is the actual company that 'owns' the product, or company it's self........
Where can a person find information regarding Homecare Insurance?
A person can find information regarding Homecare Insurance in the phone book. A person can also find information regarding Homecare Insurance with an insurance broker.
Where can a person go to get advice on acquiring auto insurance for teenagers?
The best to get advice on auto insurance for teenagers would be a broker or an agent. If one already has auto insurance, one can call the broker that assisted with the original policy.
What are the relevance of brokers in insurance?
An insurance broker is a person or entity that is licensed by one or more state departments of insurance to sell insurance. This is similar to an insurance agent. The main difference between a broker and an agent is this: a broker is authorized by a number of insurers to submit applications for insurance by the broker's customers. Stated otherwise, a broker works on behalf of the customer, and seeks to obtain coverage for him/her/it from the insurers represented by the broker. In contrast, an insurance agent often represents a single insurer and sells only that insurer's products. Both are governed by the insurance laws of the state(s) of licensure, and are required to meet educational requirements to obtain and maintain their licenses.
What are the disadvantages of placing business with insurance companies not through a broker?
firstly, when placing the business with an insurance company they can only talk about their product so you are not getting independent advice on what might be best for you. Second, in the event of a problem or a claim there will be no broker acting on your behalf and with your best interest in mind. Last, a broker is supposed to be an expert in insurance so will find you the right product you need. You are not an expert and the person in the insurance company is a limited expert. Use a broker Be warned - some brokers are not all they appear and may actually only deal with one or two insurance companies for your type of business.
What is the difference between broker and underwriter?
Answer A person who buys and sells things for other people is called 'Broker'. A person or organization underwrites insurance policies, especially for ships is called 'Underwriter'
Where can a person go to get information on motor insurance in Toronto?
To get information on motor insurance in Toronto you can contact a broker in the Toronto area although any broker in Ontario would be able to help you. You can find brokers online or by searching the yellow pages under insurance.
Where to Find a commercial insurance company?
A Broker is the best person for commercial insurance. They go thru many different companies that you would not have access to and find you the lowest rate.
Where can one find companies that offer provisional car insurance?
Provisional car insurance is a policy that can be purchased by a person who is learning to drive in another person's car. The insurance covers the learner driver without risking the insurance of the owner of the vehicle. Companies that offer provisional car insurance can be located through an insurance broker.
Can board of HOA buy an insurance for a person that employed for a part-time job?
Your broker can answer the question, based on your individual situation. There is no standard.
what is the cost of renters insurance for the average person?
If you are looking for more information on what is the cost of renters insurance for the average person, the best place to look for the information is on www.statefarm.com/renters
