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4 common myths about insurance brokers debunked

Insurance is essential to so many aspects of your life. You want to have peace of mind knowing that your home, car, health and businesses are protected.

If you’ve never worked with an insurance broker before, you may have questions like, “what does an insurance broker do?”, or “how can I benefit from using an insurance broker?”.

Unfortunately, when answering these questions, there are a few common misconceptions that couldn’t be further from the truth.

Read on to uncover the 4 biggest myths about working with an insurance broker.

MYTH #1:
Insurance brokers work for insurance companies

FACT:
Insurance brokers work diligently to serve our valued customers. At AGR, our brokers do not receive any incentives by selling policies from a specific carrier. As brokers, our sole purpose is to provide you exceptional service, share valuable knowledge, and work with you directly to help you find the right coverage at the best value.

MYTH #2:
Shopping for insurance on your own is easier and cheaper

FACT:
You may find a lower insurance rate online but be careful – a low rate could mean that the coverage or service is not comparable or as extensive.

Working with an insurance broker is free, and they’ll be able help you understand the unique aspects of each policy. They’ll work with you directly to collect the appropriate information once to compare quotes against multiple insurance providers to ensure you’re getting the best coverage that meet your unique needs. Plus, think of the time you’ll save by not having to submit multiple quotes!

MYTH #3:
Once you purchase your policy, the broker is out of the picture

FACT:
Brokers are here to support you throughout the entire process. From purchasing insurance to submitting a claim. They can help you add or remove coverage or recommend beneficial changes to meet your lifestyle. They also there to support you to also answer any questions you may have throughout the year.

MYTH #4:
A broker automatically searches for the best deal when your policy renews

FACT:
When your policy renews, you’ll receive a document from your current provider that will include the most recent coverages, rates and discounts. Policy terms may change from year to year, so some adjustments may be made by your carrier.

If you would like an annual policy review to compare terms and coverage, simply contact your broker and they’ll be happy to assist!

To review your current policy or to get a quote from AGR Insurance Brokers, call 1-800-668-0250 today!