An agent works for one company and can only offer you the products of that company. An insurance broker has access to the products of several insurance companies and can find the best combination of coverage, price and service. In other words, an insurance broker works for you.
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Several factors are affecting our insurance premiums. Some of them include:
- Low return on investment
- Claims
- Fraud
- Global catastrophes
- Insurance premiums to other insurance companies
In this context, it is particularly wise to consult an insurance broker who will “shop around” for you by comparing the products offered by the various insurers in order to find the policy that best meets your needs.
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