Searching for insurance can be overwhelming, not to mention stressful. By enlisting the help of an insurance broker you can shift some of this responsibility and have peace of mind that you’re protected.

In this blog, we’ll be explaining what we do and how we could help save you time and money on your next insurance policy.

What is an insurance broker?

An independent insurance broker represents you, not the insurance company. We are independent of any insurance company and our job is to find the best cover for you based on your needs.

You might think that the job of a broker is to simply sell you a policy. The right insurance broker will be able to make sure that your needs are understood, and met for the best price.

What does a broker do?

Helping individuals and businesses is the essence of what insurance brokers do, day in and day out. Here are just some of the things that we do as a local independent insurance broker:

  • We take the time to understand your needs and find a policy that meets them

  • We search the market on your behalf
  • We help you to understand your risks
  • We can help improve your risk management
  • We offer impartial advice, guidance and claims support
  • We help you to understand your cover
  • We try to save you time and money
  • We look to play an active role in the community

Are insurance brokers more expensive?

A common misconception is that using an insurance broker is more expensive than shopping online. Sometimes the opposite is true and an insurance broker can end up saving you time and money.

Shopping online can be quick and easy but there are pitfalls. Online quotes might not always account for your individual needs or circumstances, and may lack in guidance as to what cover is appropriate for you. Remember that price isn’t everything, if your insurance isn’t offering adequate cover then you could end up with a nasty shock. If you do use comparison sites, make sure that you understand the policy wording, including any endorsements and be wary of large excesses.

As independent brokers, we do not have any ties to any particular company. This means we can help you compare policies from the broader market and highlight the best deals no matter which insurer offers them. Furthermore, we have access to insurers and products that are not available online.

How does an insurance broker earn money?

The insurance company pay us commission, which is usually a percentage of your premium. In addition, we charge a small administration fee.

Tips for choosing the right broker

Choosing an insurance broker can be challenging. There are many out there, each offering something different. However, it’s your hard-earned money that you’re putting at stake and, as such, you should choose your insurance broker wisely. Questions to ask yourself about a broker include:

  • Are they local? Make sure to check where they are based and whether they’re open to the public.
  • Are they truly independent? Ensure that they will act with your best interests at heart.
  • What do their reviews say? This is the best place to find out if a broker is right for you. See what their customers have to say.
  • Are they regulated by the Financial Conduct Authority? All brokers must be regulated by the FCA, if in doubt, check that they are to avoid fraudulent companies.
  • What’s their claims service? This is where insurance shows its worth so it pays to ask the question.

The right insurance broker will share your values and work to build a relationship with you based on trust. They will become your trusted point of contact for all things insurance, understanding your needs and offering you guidance and advice.

At Jukes Insurance Brokers, we help individuals and businesses alike to find the cover they need. We’ve been around since 1963, over that time we’ve amassed a wealth of knowledge within the insurance industry to provide insurance that is tailored to our customers.

How can we help?

If you’re looking for an insurance quote why not get in touch for a free quote? Our friendly team are ready and waiting to help you. Call us on 01527 874092, email info@jukesinsurance.co.uk or visit us in person.

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Published On: April 6th, 2022 / Last Updated: April 6th, 2022 /

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