Insurance brokers sit between the customer and the insurance companies and have the ability to potentially find the sweet spot combination of the best cover and the best price!
Whether you are in the market for a standard usually insurance policy or something unusual brokers can use their knowledge and experience to advise you on a suitable level of cover and the right product.
Brokers are independent and using FCA approved software systems and insurer relationships, work with a carefully selected group of insurers that they have regular contact with. Often brokers have secure exclusive deals, especially in common or niche areas of insurance.
To dispel a myth; Using a broker doesn’t cost more than going direct. The expertise and industry reach of brokers often surpasses what can be achieved online. Without correct advice, consumers often incorrectly insure or arrange policies with under-insurance or inadequate cover. Arranging insurance with the correct broker advice secures correct cover at the correct premium.
Confused by the jargon? A broker can advise on optional extras, levels of cover, endorsements and special terms that may apply to your insurance. Including the excesses, that you will have to pay in the event of a claim.
It’s difficult to correctly arrange bespoke cover for high value or collectable items, but brokers are likely to have insurer relationships in place to obtain a personalised quote.
Brokers have experience and expertise to assist you with claims. Smoothing the process and guiding you towards successful settlements.
© Morris Perrin Insurance Consultants Ltd is an appointed representative of Momentum Broker Solutions Limited which is authorised and regulated by the Financial Conduct Authority