Advantages of Brokers

Are The Services of a Broker Beneficial for your Personal and Business Insurance?

Q:  WHAT IS THE DIFFERENCE BETWEEN AN AGENT AND A BROKER?
A:  ALTHOUGH YOU HAVE THE ADVANTAGE OF BEING ABLE TO COMMUNICATE WITH A LOCAL REPRESENTATIVE, AN AGENT IS CAPTIVE MEANING HE OR SHE REPRESENTS ONLY 1 COMPANY.  A BROKER ON THE OTHER HAND PROVIDES YOU LOCAL SERVICE AND THE ADDED STRENGTH REPRESENTING SEVERAL INSURANCE CARRIERS.

Q:  WHAT IS A DIRECT WRITER?
A:  THESE INSURANCE OUTLETS TYPICALLY PROVIDE NO LOCAL SERVICE AND CONDUCT THEIR BUSINESS OVER THE INTERNET OR TELEPHONE.

Q:  DO BROKERS COST MORE TO THE CONSUMER?
A:  DIRECT WRITERS SOMETIMES TOUT THAT THEY HAVE DONE AWAY WITH THE MIDDLEMAN.  ONE POPULAR DIRECT WRITER HAS AN ANNUAL ADVERTISING BUDGET OF MORE THAN $800,000,000.00 PLUS THE ADDED EXPENSE OF LABOR TO REPLACE THE SERVICE NORMALLY HANDLED BY THE LOCAL BROKER’S OFFICE.

Q:  WHO HANDLES MY DAY TO DAY SERVICE AND CLAIMS ASSISTANCE?
A:  YOUR LOCAL COMMUNITY BROKER WOULD BE YOUR INITIAL AND ONGOING CONTACT FOR CLAIMS AND SERVICE ASSISTANCE.  DIRECT WRITERS SERVICE YOUR NEEDS OVER THE PHONE OR INTERNET