There are several reasons why going to a broker for insurance might be the best choice.
What is an insurance broker?
An insurance broker is a regulated financial adviser who specialises in general insurance. They are experts who will help you decide what type of insurance and level of cover you need and recommend a suitable policy at a price you can afford ;and their professional opinion can be valuable if your insurance needs are complicated.
Comparison sites are not always the best way to buy insurance
When you’re looking for a general insurance policy – such as travel, home or car insurance – your first port of call might be a comparison website.
While they’re a good place to scan the market quickly, they’re not always the best way to find the best insurance policy for you.
The policies you’ll be offered on a comparison website will be fairly generic, so if you want cover that meets your individual needs it might be better to use a broker.
Unlike comparison sites they have specialist expertise and can give you guidance on the products that best suit your need. Brokers can talk you through the types of cover available from different insurance companies and help you work out what you need.
A broker will ask you about your personal circumstances to find you the right policy. They’ll also tell you if you’re already covered by your existing insurance policies, and they’ll often get you a good deal by comparing prices and product features. They can also be more flexible on price than comparison sites.
Find a specialist provider
On comparison sites you might not find cover for things that need to be tailored to suit your needs.
You also won’t find specialist or bespoke cover on there. So if you want to insure something unique, such as a high-value antique or find travel insurance that will cover you even with a pre-existing condition, a broker will know where to go.
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