What Are Insurance Brokers?

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Getting insurance may seem like an extremely complicated thing. There are thousands of providers to choose from, each with multiple types of policies and factors to consider. It can be difficult to know where to start, or you may end up going for the first company you come across just to save time even though it likely won’t save you money or meet your specific needs. One of the best things you can do to find the right insurance is to work with reputable insurance brokers.

What Are Insurance Brokers?

Who are Insurance Brokers?

Insurance brokers are insurance professionals, typically licensed ones, who represent consumers as they search for insurance. They can sell policies from many different insurance companies for a commission. When you are looking for a policy or bundle of policies, insurance brokers carefully help you assess your needs and then conduct a search for options that match your needs best. They can provide options you didn’t know were available, answer your questions, and put you at ease as you make an informed decision.

Are Insurance Brokers Different from Insurance Agents?

Insurance brokers and insurance agents are similar in that they both sell policies for a commission. The difference is that insurance agents represent the insurance companies. Some may represent multiple insurers as independent insurance agents, while others may represent only one, meaning they are captive insurance agents. Both brokers and agents can serve your needs, but with brokers, you have the added peace of mind that you are the number one priority.