The Broker Advantage
Having your insurance handled by a broker has several important benefits. Here are a bunch of them.
Flexibility
The company — or brokerage — that the broker works for will be associated with several different insurance companies, while an insurance agent generally represents a single insurance company. Being associated with multiple insurance companies gives the broker much more flexibility in finding the best and least expensive policy for each client.
Knowledge + Understanding
Because the broker is your representative and because they are very knowledgeable about insurance, they will be in a unique position of having a strong understanding of the finer details of your policy and how they relate specifically to your situation, so they will be able to answer any questions or concerns you may have about your insurance policy.
Impartiality
All of the insurance companies we are associated with are great choices, and each of them wants your business and so each one will want you to believe they’re the best choice for you. Your broker gains no benefit from selecting a policy for you from any particular insurance company, so their focus will be on which company’s policies suit your needs and which one has the lowest price.
Claims Support
Fingers crossed that you never have to make a claim. But if the situation does arise, having an insurance broker makes a big difference. For the most part, situations that would involve an insurance claim — like a car accident or a burst water pipe in your house — can be very stressful. It can be hard to think logically in a moment of crisis. Having an insurance broker is a big help because they will be focusing on making sure you’re okay, and giving you a calm, logical assessment of the situation based on your situation and their understanding of your insurance policy. Based on this understanding, they might even suggest that you get a cost estimate before having them contact the insurance company because, depending on how close the repair costs are to your deductible, it might make sense to not make a claim and just pay for the damages yourself. This would keep your premiums from going up and maintain your no-claims discount. With an insurance agent, as soon as you call, the incident is put on your insurance record, and could lead to higher premiums — even if you decide not to make a claim.
Brokering Change
It’s pretty clear that it is to your advantage to have your insurance through a broker. We feel that switching to a brokerage system is the best change to happen here at Onlia.
If you don’t have insurance through a broker but you’ve decided that you really want to, we totally get it, and we’d be happy to help you get there. Click on the link below and you can easily get a quote in minutes!
If you're an Onlia customer already (yay! Happy dance!) and your policy is due for renewal soon, get in touch with our team at 1 (833) 542-3045 to get the ball rolling. Otherwise, we'll reach out to you soon!
