BROKERAGE
What
does it mean?
In
our opinion;
An
insurance broker, acting parallel with the worldwide standards,
takes place next to the customer instead of the insurance companies.
The insurance brokers act differently than
the agents by being the representative of the customers, helping
them to choose right kind of company and preparation of their
policies and following up on their rights once it becomes in
effect. Brokers have the freedom to move around the insurance
companies to get the right quotes for their customers’ even it is as
small as a quotation for comprehensive
auto insurance. With this reason they are a lot closer to the
insurance companies then the customers as well as finding out what
they have to offer and what the competition is doing.
On the same level, they work with independent experts in behalf of
the customers, to establish an extensive report for type and size of
risks. Consequently, brokers can offer alternative plans that will
be out of the risk areas for their special needs.
In summary there are three basic steps that the brokers follow for
their customers benefit;
-
Making analysis in behalf of the customer and getting the
information for their policy
-
Accessing the data and getting the most fitting insurance for
the customer
-
Help the customer in anyway during claims process.