Broker's Knowledge

A broker acts as a middleman between a client (that will be you, totally overwhelmed by the daunting world of insurance) and insurance or medical aid companies (the companies waiting for innocent victims such as yourself).

With all the different insurance and medical companies bombarding you with information, deciding on an insurance company and product can be quite testing! A broker needs to listen to their clients so that they have a clear understanding on the client's requirements. Some brokers only deal with short term insurance, whereas others can also assist you with life insurance. Some brokers might know nothing about business insurance, but everything about medical aids. It is important that your broker specializes in the specific products you require. If you are looking for short term insurance, it might be disastrous if your broker only handles life insurance! Some brokers can assist you with anything from business and home insurance to car insurance and medical aids!

Are you an independent broker? A broker might be connected with more than one insurance firm. If a broker only works for a specific insurance firm, he/she will obviously try to force that company's products onto you. Not all brokers are as qualified as we might think.

It is reassuring if your broker had at least some kind of formal training. You'd assume that because brokers work with money and policies on a daily basis, they'd all have formal training. Would you not be so much more comfortable if your broker had proper financial training?

Make sure that your broker is part of a professional and reliable firm. If the broker works for himself/herself, a good track record is extremely important.

What if I want to cancel my policy? It is important that a broker keeps in touch! If there are any changes to your policy or maybe exciting new products on the market, your broker should inform you immediately.

It is important that brokers communicate with their clients! If your broker is hesitant if you ask if you can contact one or two of their clients, they might be hiding something.

If other clients are satisfied with the broker's services, you can rest assure that you will also be taken properly care of. If the broker refuses, take your running shoes and get out of there!

Brokers are there to make our lives easier - by choosing the perfect broker for your requirements, your insurance will be smooth sailing from now on!

A Broker Won't Make You Broke!

I cannot imagine my life without my broker! Having a broker is so convenient that I can't grasp why some people are still hesitant to make use of a broker's services.

A broker is appointed to look after the interests of their clients and, based on their needs and requirements, offer them advice in choosing the best products and services. The broker therefore acts as middleman between their clients and the companies wanting the clients' money.

Brokers specialize in different areas of insurance and other important products. Some brokers will focus only on short time insurance; where other brokers will cover the whole spectrum from medical aids straight through to life insurance and retirement annuities. Brokers will be able to suggest the best medical aid and medical aid option, based on your needs and requirements.

The insurance and medical aid companies reward the brokers with commissions and incentives, but this is not added to your premium! Brokers also handle most of the paperwork on the client's behalf. Brokers are there to make your life easier!