15 Questions You Should Ask Your Broker
June 18, 2019
While there are many ways to buy insurance, there are good reasons to consider using the expertise of a broker to help you make the best decisions and ensure your peace of mind. Many companies are owned by insurance agencies, Ing & McKee is an independent broker which allows us to be entirely unbiased.
Brokers should take the time to understand your situation in order to provide the right coverage for you. You may be eligible for discounts or possibly need specialized coverage. We have outlined some initial questions to potentially ask your broker.
Questions You Should Ask
1. What discounts do I qualify for?
2. Can I save money by bundling my insurance?
3. What are the factors affecting my rate?
4. Does my credit impact my premiums, and why?
5. I have had a claim before, how will it impact my premiums?
6. What limit of liability insurance should a person carry?
7. What type of water damage coverage is available?
8. What are the requirements if I go away on holidays?
9. Am I covered if someone else drives my car?
10. What is Guaranteed Replacement Cost coverage?
11. If I have a car that sits in my garage, does it need to be insured?
12. Do I need insurance on my RV, boat, trailer, etc.?
13. Should I have Glass Insurance for my car? What about for my RV?
14. If I am forced to leave my home, what living expenses are covered?
15. Do I need travel insurance? What if I’m travelling within the country?
Additional Benefits Of A Broker
Here to help, at no cost to you
It does not cost you more to use a broker. The cost of the brokers falls on the insurance companies, not on you. Brokerages are paid commissions by the insurance agencies, but if it is an independent brokerage: there is no financial incentive to pick one over another.
Use expertise to find you the best plan
A broker’s entire purpose is to use their expertise to find you the best plan for your needs. As brokers work with a large variety of insurance companies, they have unique insight of companies’ offerings and benefits. Brokers are licensed, regulated and required to continually upgrade their knowledge and skills.
Provide unbiased service and advice
An insurance broker represents multiple insurance companies, not just one, so they work for YOU, not the insurance company. This allows them to provide unbiased advice based on your individual needs. A broker’s first and only responsibility is to put your interests first, there is no motivation to oversell you.
Advocate for you in the event of a claim
Your broker will have your back and advocate for you if and when you need to make a claim. The broker’s knowledge and experience often help to ensure clients receive appropriate treatment in the event of a claims dispute.
Finding The Right Insurance For You
Ing & McKee is committed to providing genuine, unbiased advice paired with great service. We want to help provide all the answers you need when it comes to insurance and do whatever we can to find the right plan for you. if you have any additional questions, we would be more than happy to answer them. Give us a call toll-free at 1-888-346-5547 or contact one of our locations directly.