A broker can fully consider your individual needs and recommend the best and most suitable product for you based on your situation. Insurance brokers can give you the best deals from their large portfolio of products and suppliers, while banks or insurance companies can only offer you the products of one company and therefore the number of products offered is limited. You can also get help from top-rated insurance brokers in Ontario from online sources.
Here are some of the benefits of getting your insurance through an insurance broker:
Experienced and professional insurance broker:
Brokers handle a wide variety of services, products and are qualified to recommend the policy that best suits your needs from the various companies they work with. They usually have experience and can walk through the often stressful and confusing claims process and answer all your questions.
Insurance brokers are regulated:
Brokers must go through a process with each customer to ensure they recommend the right product for their needs. The customer must also be provided with a letter of justification or a "declaration of conformity" stating why the product and supplier are recommended and how they meet the customer's specific needs.
You can access insurance companies that you cannot access yourself:
In recent years, more and more insurance companies have emerged to work directly with brokers. Many of these companies only trade directly through brokers, so you can't get quotes directly. We have proven in recent years that we always recommend these companies to others because they can consistently enforce prices, products and services.