partnering with insurance broker benefits

There are many insurance policy options available. Whether you require auto insurance, life insurance, or business protection insurance, it’s important you find the right coverage to meet your needs. However, purchasing a policy without the advice of an experienced insurance broker could cost you greatly in regard to policy rates and long-term protection of your personal and professional asset.  

There are many benefits to partnering with an insurance broker to protect your interests in the event you need to file a claim.

Saves Time

insurance broker benefits

Why spend hours shopping for and comparing insurance policies when you may not even find the best plan to suit your needs? When you partner with an insurance broker, you can let the professionals leverage their industry knowledge to do all of the legwork for you. 

An insurance broker will find the best policy and the best terms to protect your interests. They understand the nuances and intricacies of the insurance industry, such as which insurers offer specific coverage types. This allows you to spend your time focusing on your business, your family, your friends, or your hobbies.

Access to Expertise and Unbiased Advice

An insurance broker understands the industry. They understand recent trends, and which policies will benefit your needs. More importantly, they also understand what coverage you don’t need. You’d be surprised how many people buy insurance coverage they don’t need.

An insurance broker helps its clients simplify the buying process. They help find the best policy to help minimize your risks. They follow best practices for optimal coverage and are also prepared to answer questions, and clarify grey areas.

Someone is Watching Out for You

An insurance broker actively looks for ways to secure the best coverage for you at the best price point possible. They will also conduct a full review of your policy at each renewal to ensure you are fully covered and protected.

Essentially, your insurance broker wants you to save the most money while providing the best coverage possible.  Insurance brokers take pride in knowing their policyholders personally. Their commitment goes beyond securing your insurance policy. Ultimately, they watch out for you, your loved ones and your business. All at no extra cost!

Forges a Long-Term Relationship

When you partner with a reputable and experienced insurance broker, you develop a long-term relationship. This partnership is more than just a matter of purchasing a policy and renewing it every year. Your insurance brokers will get to know you and your insurance needs. 

Like other aspects in your life, your insurance needs may change an evolve. They’ll be there for you when you decide to start your business, when your child heads off to college or starts to drive, or when you sell or buy your home. It’s their job to recommend policies specifically designed to meet you and your changing needs.

Claims Assistance

Perhaps one of the most beneficial advantages of working with an insurance broker is their ability to leverage their expertise to help you navigate the waters of an insurance claim. An insurance company doesn’t want to pay out more than necessary. However, your insurance broker can help you through the claims process for a fair settlement. They work in the industry, understand the same language, and have experience with the necessary paperwork.

The Big Picture

When you buy insurance through an insurance representative or an insurance agent, they are loyal to the company where they are employed. As such, their suggestions may not be in line with your best interests. Insurance brokers’ sole responsibility is to act on behalf of the client. They represent their clients with the insurance company to ensure all of their interests are protected while securing the best prices and terms possible for their policy coverage.

Additionally, insurance brokers provide their clients with compliance information. They leverage their industry knowledge to keep their clients updated and compliant with the insurance and visa laws of HAAD and DHA. Additionally, they ensure their clients are up to date on any other regulatory body governing their company in order to avoid fines or any other legal complications. 

Petra Insurance Brokers

Buying insurance based solely on price doesn’t necessarily mean you’re getting what you need. An insurance broker has access to many products and insurers. They can beat or match online premiums, and offer superior coverage custom-tailored to meet your specific needs. 

Are you tired of having to go through multiple channels to find all of the insurance coverage you need? As comprehensive insurance brokers, we provide our clients with the best coverage to protect all of their personal and professional interests. From personal medical insurance and life insurance to business protection insurance and group insurance for your entire company, we have got you covered. All under one roof!

At Petra Insurance Brokers, our team of advisors are ready to provide you with a quote for new coverage or help you review your existing coverage. Contact a member of our team today to find out how we can help you protect the life you’ve worked so hard to build. You can also reach us on Facebook, Instagram, Twitter, and LinkedIn. We look forward to hearing from you.