Why use an insurance broker?
Insurance brokers use their professional knowledge and experience to assess your insurance needs, shop for the best value in coverage, recommend products of various insurance companies, and assist with a claim as may be needed.
• Assess insurance needs and obtaining competitive quotes.
• Provide advice and recommend coverage and available options.
• Compare coverage available from various insurers.
• Explain the terms and conditions of the insurance contract.
• Provide administrative follow-up and revisions throughout the year.
• Ensure claims are handled in a fair and timely manner.
Your Best Insurance is an Insurance Broker
Check out these videos:
- Insurance Claim (Swimming)
- Comparing Companies (Skiing)
- Comparing Companies (Climbing)
- Boat Insurance (Sailing)
- Best Price (Hockey)
- House Insurance (Golf)
- Cottage Insurance (Fishing)
- Car Insurance (Spa)
- Car Insurance (Curling)
- Business Insurance (Swimming)
Your insurance broker is trained and licensed to help you choose the coverage you need. Brokers are required to upgrade their knowledge annually to maintain a licensed status.
Your insurance broker is trained and responsible to understand your insurance needs.
Your insurance broker is professionally bound to act in your interest and to find an insurance product that suits your needs at the best available price.
Commitment to Choice
Your insurance broker has created relationships with different insurance companies that are licensed, financially secure and have a proven claims record to best serve clients.
Valued Service and Support
Your insurance broker’s relationship with the insurance company is valuable to finding the right risk management solution and assisting with a fair settlement in the event of a claim.
Commissions and Fees
Your broker is paid a commission by the insurance company that agrees to underwrite your policy. Your broker may also charge you a service fee which must be clearly identified in writing and agreed to at the time of purchase.
Your broker may be paid a contingent commission by the insurance company based on the quality of business the broker has placed with the company over a period of time. The factors that determine whether a contingent commission will be applied are not known to the broker ahead of their recommendation and do not factor into the final recommendation.
Ask your Broker
The property and casualty insurance industry has developed a basic commission structure to compensate brokers for the work they do. Your broker can explain how it works.