When you need to buy insurance, one of the first things you might ask yourself is how exactly you should go about it to get the best insurance rates possible and a plan that best matches your needs.

You basically have two options. You can either contact specific insurance companies directly or you can use an insurance broker. In this post, we’d like to touch on the benefits of using an insurance brokerage like Insurance Buddy…

Advantages of using an insurance broker:

~ As long as you are going with a reputable firm, the broker you will be dealing with is a professional licensed broker. A licensed broker is an insurance professional that has completed a licensing exam and must adhere to the conduct and competence required by a regulatory body. This means they have plenty of experience with insurance and can offer you expert advice and guidance on the best options for you given your specific situation. At Insurance Buddy, everyone on our sales team is licensed by the Registered Insurance Brokers of Ontario (RIBO).

~ A one stop shop. Rather than simply getting information about one specific company, you will be presented with options from an array of companies so that you can compare price, policy details etc. This can save you a ton of time and your broker can help you connect the dots rather than you having to figure out all the ins and outs and make the comparisons yourself. The broker is working for you to find the best deal, not working for the insurance company trying to sell you on them as a provider.

~ Taking the one stop shop idea further, working with a broker also does not just come down to getting information about different providers. You can also use your broker for all of your insurance needs – home, car and business. This saves you from having to manage different relationships and can help you save money in the long-run as your broker is invested in your insurance plan and invested in creating a long-term relationship with you. By having a broker managing all your insurance plans, they can look for opportunities to save and leverage your needs to get better rates, such as signing you up with a provider that offers discounts for purchasing multiple plans.

~ Speaking of relationships, that is exactly what you get with a broker. Someone that is there for you and working for you. Have a question or an issue? You can just pick up the phone to call your broker. And if you use a broker like us, you can be sure that you’ll be getting VIP treatment through and through!

~ Brokers also generally work in a specific location and have more in-depth knowledge about insurance in a specific region, versus companies that can serve huge geographical areas. So when you work with us for example, you are dealing with an insurance agent that is specialized in Ontario and knows insurance factors specific to the province, like winter tire discounts for car insurance and overland water protection for home insurance to name a few examples.

Personalized, professional service that is there for you – that’s what we’re about here at Insurance Buddy. We don’t work for insurance providers. We work for you, our clients! And we take that very seriously. Contact us today!  We’d love to talk to you about how we can help find you the best insurance plan for your needs.

Image source: FreeDigitalPhotos.net | Stuart Miles