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What are the disadvantages of placing business with insurance companies not through a broker?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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