What is an Insurance Broker?
What is an insurance broker? You’ve probably heard of them. You’re probably not sure if you should use one. You’re probably not sure exactly what it is. How is it different from a State Farm, from an Allstate, or Farmers? Do I have to pay more if I use a broker? I can answer all those questions.
So simply put, an insurance broker is exactly like a State Farm agent, except a broker can represent a bunch of different companies. How does that benefit you? Well, it benefits you because, let’s say you are insured with State Farm- What happens when their rates go up? What happens when they don’t have a policy that fits you specifically? What do you do? No matter how great your State Farm agent is or your Allstate agent is, they can’t help you.
How is a broker different from an agent?
Well, if you go with a broker and the company you’re with has a rate increase, what does your broker do? Without you even having to pick up the phone and call them, your broker can shop around your policy, find another company that offers the same coverage at a better rate, and boom, there you go. You didn’t have to do anything.
What happens when you have a specific circumstance that a canned policy like a State Farm or an Allstate policy cant’ help you with, what happens when you need specific coverage? Well, the broker, again, has a number of different companies that he can search through and find you the right coverage that you need.
Does it cost more?
And the big question, does it cost more? No, it doesn’t. You don’t pay a broker fee. You don’t have to pay any money out of pocket. It’s all included in the cost of the policy, and you don’t have to do anything except get better service, a better policy, and better rates. So call an insurance broker today and take care of your insurance needs. You’ll be happy you did.