5 Benefits of Working with Insurance Brokers

Insurance Brokers, Short term Insurer, Long term insurer, insurers

Find the right insurance suited to your needs  can be overwhelming with all the insurance companies and options out there. As a customer, there are many key factors that you should be looking out for, such as cost, peace of mind, personal data protection, efficiency and more. By working with an insurance broker, they will take care of everything and help you find the best insurance at the best possible price.

An insurance broker is a professional who acts as the mediator between you and an insurer. They are well-equipped with the qualifications needed to recommend the policy that is in-line with your personal or business needs. Here at Compendium, our insurance brokers are here to make your life easier by helping you manage risk in the midst of uncertainty. If you’re looking to safeguard your assets, business or family, rest assured our team will ensure you never get left behind.

Insurance can be divided into two categories, short-term and long-term insurance. Each of these covers are designed to suit different aspects of your life.

Short term insurance is a plan that you take to cover your personal possessions which may include your home, car, cell phone, personal belongings as well as other household items.

On the other hand, long-term insurance covers your medical aid, life, disability, dreaded disease ,  investments,  retirement annuities, pension and provident funds.

Should you consult with an insurance broker? If you’re unsure, here are five benefits of working with an insurance broker.

Insurance Brokers, Short term Insurer, Long term insurer, insurers

You receive honest advice

The job of an insurance broker is to be as unbiased as possible. They are obligated to let you know everything about the policy that you are enquiring about such as loopholes, what the coverage entails, and even the fine print. Insurance brokers are highly-skilled and have extensive knowledge in a variety of market places. Any question that you ask, will be met with an open and honest answer – sound advice.

Policy comparisons are accurate

Not everyone has the time to research and compare multiple insurance plans. An insurance broker can narrow down the options for you, depending on your needs and suited to your budget. Doing so professionally whilst saving you time and money.

Save on your premiums

Did you know that insurance brokers can help lower your premium? These skilled professionals get offered lower broker rates from insurance companies. Aside from that, the broker will offer you a range of insurance quotes that are designed according to your needs and budget.

Get assistance with claims

If the time comes around where you have to make a claim, your insurance broker will handle this entire process.If something goes wrong with the claim, your broker will give you expert advice on the matter. They are there to make sure everything runs smoothly and that your claim is settled quickly.

Time is not wasted

Insurance brokers are skilled in any type of insurance. Short-term insurers can help find the right cover for your possessions and long-term insurers can advise you on life and medical insurance. Instead of browsing the internet for hours on end and being overwhelmed with various quotes, insurance brokers act as the middle man and save you time. They make concise suggestions based off of their vast knowledge and experience, helping you save time in your decision-making process.

If you need assistance with short or long-term insurance, speak to one of our expert brokers. They can make your life simpler by providing you with the best possible options for your needs and budget.

Contact us today on 031 242 6800 or send an email on info@cig.co.za

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