These days, insurance is a very popular subject and at times, it seems everyone is talking about it. In fact, insurance is one of the most commonly searched words on Google and other internet search engines. The world of insurance can sometimes be a confusing place, and as such, more and more people are turning to the internet for answers. Doing your research is always a good thing, but unfortunately there are many on the internet who claim to be insurance “experts”. With banks such as TD, RBC, or Scotiabank, and direct insurance agents such as Co-operators, State Farm, and All state, all trying to sell you their insurance on the internet, it becomes difficult to know whom to choose?
So how do you know if you are getting the best price for your insurance?
And more importantly, how do you know you are getting the best coverage for your personal & financial needs?
Luckily, there are independent insurance brokers. Insurance brokers are licensed and trained insurance professionals, who specialize in finding the right coverage for the right price. A broker works for you, not an insurance company. They work on your behalf to first, understand your insurance needs, and second, to find the right insurance coverages to protect your needs. This would include sitting down and going over your home, auto or business insurance needs, and then marketing your insurance to a number of different insurance companies to find the best coverage as well as the best price.
So how are brokers different from banks or direct insurance agents?
The essence of an insurance broker is that they work for you and can market your insurance to multiple insurance companies, whereas banks and direct insurance agents work for their own company alone, and can only provide access to a single insurance company with a single insurance product, with a single insurance price. How much better is it then, for us as consumers to work with a licensed insurance broker who can give you the options and expertise to best suit your individual needs.
We at Saunders Insurance, are proud to be members of the Insurance Brokers Association of Alberta. We pride ourselves on doing our best to understand the needs of our clients and finding the right coverage for the right price.
If you have questions about your insurance policy, please contact our office at 403-223-4434, and we would be more than happy to help you out, or you can visit us online at www.saunders-insurance.com
If you would like more information on the Insurance Brokers Association of Alberta please visit www.ibaa.ca