INSURANCE BROKER #2
What is the role of an insurance broker?
An insurance broker is a professional who helps people buy or sell insurance. Brokers help people shop for the best rates and policies, and can help with the entire process, from finding the right policy to enrolling in it.
An insurance broker is an intermediary who helps individuals, families and businesses find the best insurance products and services to meet their specific needs. Brokers help customers by finding the best possible rates for coverage, helping navigate the process of buying insurance, and providing advice on how to use insurance products and services to protect their interests.
Insurance brokers typically work with a variety of insurance companies, so they are well-equipped to find the best policy for their clients. They can also help clients understand the policy and how to use it, identify potential coverage gaps, and help clients file claims if necessary.
Brokers typically charge a commission for their services, which can range from a few percentage points to a percentage of the premium paid for the policy. This commission is paid by the insurance company, not the customer.
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