ThEbENEfITS of USINgASpECIAlISTbRokER
Recent research found that Residents Management Companies (RMC) preferred the internet for sourcing specialist knowledge about managing their block, scoring higher than asking a family member or friend (35%), with 84 percentofthose polled lookingonlinefor solutionsto their challenges
Insuranceisall aboutprotection; safeguarding your property,yourassetsand your leaseholders if somethingunexpected happens. It’s oneofthe wisest investments you’ll evermake.But howdoyou select an insurance product? Howcan youbesure which policy is right for your needs and thoseofthe otherleaseholders in your block? Andhow do youmakesense of all that fine print?
An insurancebrokerorintermediaryisan independentprofessionalinsurance advisor whoacts foryou –the client,and will first of allseektounderstandyourinsurance needs and then find the right policy for you. Their task is to help you locate the insurance coverthatbest suitsyourrequirementsand canvas theinsurance markettoobtain the best protectiontomeetyourneedsatthe most competitive price.
This benefit is usuallycoupled with expert advice on thelevelsand type of coveryou may need,what additional covers are availablealong with helpwhen claimsare made.
Whenyou deal directly with an insurance companyortheir agents,theyhaveonlyone product to sell – their own. A broker on the otherhandwillevaluatethe type of cover required andgotoseveral underwriters whospecialize in theparticularclassof business.
Having moreoptions to choose fromwill certainly increase your knowledgethatyou are getting the best value for yourmoney.
In addition:
brokers areregulated fromJanuary 14th 2005 all insurance brokers and intermediaries operatingintheUKmust be regulatedand authorised by theFinancial Services Authority.
AdvICE Brokersand Intermediaries can offer professional advice on arange of products.Whenyou contactaninsurance broker youwillbegiven independentadvice or informationbased on your individual
circumstances.Theywillask aboutyour requirements andfind youthe best policy, fromtheinsurerstheyworkwith, tomatch your needs, both on price and cover.
20 Flat Living GUIDETO INSURANCE
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