Monthly Archives: August 2016

Secrets of choosing the best insurance broker

Choosing an insurance broker in Barrie for your insurance needs can be a tricky and tiring experience. This is because one needs to choose who offers high-quality services with many years of experience. Below are tips for choosing the best insurance broker who meets your needs.


  • Do Your Homework

The first step is by shopping around to know all the brokers that offer insurance in your area. Searching around gives you an opportunity to review each person and learn more about them. One can also look for reviews online. Compare the brokers against each other and chose the one that meets your requirements. Alternatively, you can get referrals from friends and family members.


  • Cost

Since you are on a budget choose a broker that works for your budget. Ensure the costs match your budget. You can rule out brokers that are too high or too low according to your budget. Beware of cheap brokers some are not legit.


  • Experience

It is very important to select an insurance broker that is well established and has experience in their work. Know the qualifications of your broker and their bargaining power. Ask about where they studied, this way you will be safe when deciding to buy their insurance covers.


  • Service Range

Different brokers offer different services. To prevent miscommunications and interest of conflict problems with them, ask about their services. Examples of some services include cars insurance, education insurance or health insurance. If you only want to insure one thing, choose the broker that specializes in that field only.

  • Legislation

Ensure the insurance agents meet the recommended standards and regulations of the industry. A lot of insurance companies do not comply with these laws. Investigate the necessary legislation to know exactly what to look out for.


  • Negotiation Skills

Sometimes the experience of a broker does not mean they are good negotiators. Choose an agent who has the best negotiation skills. Ask them how they will help you if you happen to encounter a loss and need to file a claim. If their answers do not satisfy you, look for referrals from friends who have gone through the same process.


  • Carefully Review Your Contract

Carefully read through the contract and discuss all the terms with your brokers to avoid future miscommunications. In case of any questions, discuss them with the representative available. Look out for brokers that are too persistent or pressure you to sign their contracts.