Online insurance quotes and buying insurance online is no longer a novelty. Many business insurers are online and, while buying personal insurance on the internet is not as prevalent as buying car insurance online, growing numbers of people are going to online sources for their insurance. If one follows some guidelines when using online quote sites to purchase insurance, these internet insurance sites can offer premium savings. What is missing is the insurance agent or broker.
If you choose the right insurance agent or broker, having a real human being with an office and staff in your community is undoubtedly the best choice in the category of service. Insurance professionals can visit you at your house, fight for you if there is a claim and determine the best insurance for you and your family. Websites offering insurance quotes may refer you to a local agent. But, where the site takes the application online and sends the policy in return for a premium payment, the owner must ask, “Who do I call when I need help?”
When it comes to price, the website based service usually has the edge. As car insurers found out in the late 90’s and early 00’s, insurance clients are driven by lower premiums. Offerings of insurance online have not reached the same availability as car insurance. But, specialty insurers that focus primarily on online sales without a local presence are growing. The reason: price. Online purchases can be cheaper because: there is no agent/broker commission, the overhead for the insurer is lower, automatic payment or withdrawal is very efficient and the insurer can sell direct or through alliances with professional organizations.
Online quotes and online comparisons make sense in terms of cost savings. The internet is an excellent tool and a good way to secure insurance protection directly. The insurance protection professional is the better choice for people that do not want to spend time comparing premiums, deductibles, ratings, and a number of other comparison factors. Used correctly, both the website and insurance professional can be used to secure the best trade-off between cost and risk management. Use the website as a shopping or educational tool to determine what is available and to learn more about what your business needs. Then, consider seeing a local agent or broker to intelligently discuss your insurance needs. Make an assessment of whether the online savings is worth the loss of the agent or broker’s added value.
The best insurance broker or professional is truly independent; their advice is always based on your needs. They will look at the whole of the market… that’s more than one hundred companies and around 8,000 schemes. Usually you should be able to see your personal adviser within 24 hours, unlike most High Street lenders, especially if you actually want “advice”. You can book an appointment at your local branch right away. If it suits you, your adviser will be happy to see you in the evening, at the weekend in your own home.
If you rely on information from unqualified people and you make a bad decision, there’s no one to blame but yourself. You will not be entitled to any compensation. Qualified advisers are required by law to give you sound advice and back that up in writing explaining why they made their recommendation. Your initial consultation should be free and there’s absolutely no obligation. Your chosen professional should give you a friendly and personal service, offer one point of contact and a good back-up team able to give you the information you need, when you want it. A good professional will need to get a real understanding of your situation to know all about your financial position. You can rest assured that any information you give them will be held in the strictest confidence. No personal financial details will be passed to any third party without your express permission. In addition you will always get an honest answer, even if it’s not the one you would prefer to hear.
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