Moller Insurance Ltd.64 Sandiford Drive #1 Whitchurch-Stouffville, ON L4A 7X (905) 642-2745 - An insurance brokerage offering insurance solutions for your home, car or business.

1. Reasons to Use an Insurance
Broker
An Introduction to insurance broker services

2.  Whether it’s for your home or your vehicle or your business or some
other reason, insurance is a fact of life no matter how badly you wish it
wasn’t. Most people consider insurance more a ‘necessary evil’ than
anything else, but it is certainly valuable if anything happens and you
need to file a claim.
 Most people deal with an insurance agent that works for an insurance
agency, but some consider using an insurance broker to be the better
option.

3. What Is an Insurance Broker?
 An insurance broker is a licensed insurance professional
who helps prospective clients find the best possible
insurance rates and coverage for their individual situation.
A broker doesn’t work for a specific insurance agency, and
in fact compares options from several different providers
when looking for the best deal for you. There are several
reasons why giving an insurance broker a try may be a good
idea.

4. Convenience
 Since shopping around is usually a piece of advice that is given to people
seeking insurance, the fact that a broker shops your business around for you is
far more convenient than doing it yourself. Essentially, all you have to do is let
the broker know your parameters and he or she will get to work finding what
you need.
 Obviously, you can make up numbers that don’t exist anywhere, but the broker
will try to find just the right combination of rates and coverage that you need
and then report back to you. It’s important to remember that a broker doesn’t
work for an agency, they work for you. As such, they generally do what they
need to do in order to make the process easier for you.

5. More Options
 Having access to several different providers means that using a broker
will give you more options when it comes time to make your final
decision. If you deal with an agent that works for a specific agency, you
will only be able to choose from the products and services that agency
have to offer.
 With a broker, you’ll be able to choose between the products and
services that are best for you. You’ll have multiple quotes for your car
insurance, home insurance or business insurance. If you need all three,
an insurance broker will find you the best possible package to suit your
needs.

6. Cost
 Everyone who seeks to get any type of insurance is conscious of the cost. The
whole reason most people shop around at all is to find the lowest possible rates.
With an insurance broker as your personal advocate, you’re sure to find the
best possible rates on all forms of insurance. In some cases, insurance
providers even offer special reduced rates to brokers. This happens because
they want your business and they feel the risk is lower because a broker is an
expert who will seek out the right type of insurance for his clients and won’t
‘under insure’ just to save some money.
 With many industries, cutting out the middle man is supposed to save money,
but with an insurance broker the opposite is true. That fact that the broker has
leverage and negotiating power is why you end paying less.

7. Peace of Mind
 You might think that peace of mind is something that should be reserved for things like
home security or airline safety, but it’s also a big reason why using an insurance broker
makes sense. The fact that brokers are so thorough and will take the time to fully explain
your policy to you means that you can feel secure you’ll be covered for the things you
thought you were covered for.
 Everyone knows of someone who was in an accident or had their business or home
vandalized and then filed a claim and had it denied. It may have even happened to you
somewhere along the way. It is a disheartening feeling, and if you feel it’s a possibility
you’ll never truly be comfortable with the policy or policies that you have.
 After having the whole thing explained to you by your broker, you’ll know when you’re
covered and when you’re not and you can make modifications, if necessary. You’ll have
no surprises to look forward to, just ideal insurance coverage.