An insurance broker is a licensed professional and independent advisor knowledgeable in risk management and insurance services.
B. Who do insurance brokers work for?
An Insurance broker is an intermediary who typically works with multiple insurance companies offering a variety of products and services to a customer (individuals/businesses)
They research the market for suitable options, share those options with their clients, and help them apply for and purchase coverage from insurance companies.
C. Why should I use Peace of Mind Insurance Brokers?
There are many reasons why using an insurance broker is the best way to protect you or your business, here are some of the reasons.
1. Cost
Brokers research the market for suitable options ensuring that the client not only gets value for money but also gets the right cover, benefits, and limits.
2. Expertise Insurance policies can be complex and there are often many differences in coverage between policies from different insurers. An insurance broker simplifies the jargon used in Insurance policies, and advises and recommends the most ideal package for your circumstances.
3. Ease Identifying the right cover, negotiating the best terms and most competitive premium as well as filing a claim is not an easy task. We ensure that the entire insurance process is a simple and hassle-free experience for our clients.
4. Speed An insurance broker understands the claims process and will provide guidance and assistance in expediting the claims process.
5. Peace of Mind We are there to offer advice, guidance, and advocate for you at all times to ensure that you can focus on your core activities.
D. What is the difference between personal and commercial insurance?
Personal insurance covers individuals and their possessions, while commercial insurance protects businesses and their assets.
E. Can I cancel my insurance policy at any time?
Yes, you can cancel your insurance policy at any time. However, there might be cancellation fees, and you may lose any prepaid premiums.