A number of people engaged in obtaining auto insurance are really not aware whether they are dealing with an insurance company or an insurance broker. This has happened because a number of insurance brokers advertise themselves as the company in spite of restrictions imposed by the government. Consumers are led astray many times and even end up getting cheated.
You could easily identify the insurance brokerage firms by identifying the suffix in their names such as services, brokerage or agency. If your state does not allow such differentiation you can get in touch with the local authorities to get more information. You should never ever avoid this step while obtaining insurance.
Internet has brought in tremendous benefits to a number of companies including insurance companies. Take complete advantage of the internet and find as such details as possible about the company you are dealing with on the net. You can also avail of a number of benefits the companies offer for internet customers which your insurance broker may not offer.
The days have gone where you used to make repeated calls to your insurance broker and kept chasing him/her to obtain that insurance you badly needed for your car. Today with the internet you can just obtain a quote online in the comfort of your home after filling in the required information. You won't be surprised at the number of mails reaching your mailbox. They will come with a number of benefits and you will need to spend time thinking on which company to choose. Finally you must choose a company which is reputed and offers you a rate which you can comfortably pay. As a warning don't just go for the cheapest company.
You will realize that although the insurance brokers are a better alternative and you could obtain insurance after a couple of calls you will not get the benefits offered by the insurance companies. This does not in any way mean that there are no good insurance brokers out there. You will find a number of brokers who take care of the customer's interest and they provide cheap quotes which will delight their customers. The advice that they provide can be invaluable.
In the end it is finally up to you to make that choice whether to go for a broker or approach the company directly.
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Posted By Mr. Blog Blog to INSURANCES MANAGER at 1/10/2009 08:09:00 AM
1 comment:
An agent is an insurance company's representative by way of agent-principal legal custom. The agent's primary alliance is with the insurance carrier, not the insurance buyer. A broker generally has no contractual agreements with insurance carriers and relies on common or direct methods of perfecting business transactions with insurance carriers.
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