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- Home Insurance Brokers
Home Insurance Brokers
Home insurance brokers specialise in offering home insurance policies from a range of home insurance companies and scheme providers. Home insurance brokers are not insurance companies but intermediaries who can be either an independent company who have access to the insurance market, or a company who deal with a select panel of home insurance companies.
Some home insurance brokers might have their own home insurance scheme, which will be backed by an underwriter or insurance company and this will be badged as their own home insurance policy, alongside offering home insurance policies from household named insurance companies.
Home insurance brokers can operate from an office or shop or on the web. A detailed search for home insurance brokers in the UK on Google returned nearly 1000 websites offering information, quotes and advice about home insurance.
Home insurance brokers are normally offering other types of insurance as well as home insurance and generally they will be involved in general insurance like car insurance, home insurance, pet and travel insurance as well other less specialised insurance products.
Sometimes it's difficult to determine who is a broker and who the insurer is, as brokers in this country are less highly regarded by some insurance companies. This means that they are sometimes classed as middle men that are not required, which is why some insurance companies are offering their products directly to the public. Direct Line Insurance and Churchill Direct are a couple of the well known insurance companies. But home insurance brokers do offer a service that direct insurance companies cannot, as a broker is not selling one policy but is able to offer many policies from the market place.
A good insurance broker is invaluable when it comes to offering independent advice and does not have any loyalty to the insurance company. Instead they should be working in your best interests to find the most appropriate and most competitive home insurance policy at your renewal.
There are literally hundreds of home insurance brokers to choose from and you should ask how many insurance companies they have access to. Some only have a small select panel of home insurance providers, so your choice of quotes will be restricted. Remember home insurance brokers have to have an agreement with an insurance company to be able to offer clients a quote, so home insurance brokers will only research the market limited by the panel of insurance companies.
A good home insurance broker can take a lot of leg work out of getting quotes, as you only have to give your details once and let them obtain the quotes, which is one reason why comparison search websites have become very popular. The main thing to remember with a good home insurance broker is that they will work for your best interests and can act as a buffer between you and the insurance company.
In conclusion, a home insurance broker will assess your situation and look for a home insurance company that best matches with your needs and budget. The cheapest price isn't always the best option, as with the cheapest price you invariably will lose some benefit or service, as it's not possible to have the best level of service and benefits for the lowest price.