ThEbENEfITS of USINgASpECIAlISTbRokER


InsuranceBrokers very oftenobtain preferentialrates fromunderwriters that can be passed onto their customers - You!


pRodUCTSAbrokerorintermediary canhelpwhere youmight be unsureof what coveryou requireand theirexpert knowledge might point out areas of cover you haven’t considered (and thatmay not be available froma non specialist broker or intermediary).


In additionifyou arrangeyourinsurances viaanFSA authorised insurancebrokeror intermediary youwillalsoget thesecurity


that : 1 Youwillhavesomeone towhomyoucan


complain if things go wrong. 2 Yourmoney will be safely held in an ‘insurance brokingaccount’ fromwhichthe


brokermay not run their business. 3 The solvency and working capital of your broker will be regularlytested by the


Financial Services Authority 4 Your broker will havemany yearsrelevant


broking . 5 Your broker will have adequateInsurance Companyagenciestogiveafullbroking service and can demonstrate that you are


receiving themost suitable protection. 6 Your broker or intermediary has afirst dutyofcaretoyou andnot to theinsurer.


Always checkthe currentFSA status of all the brokers or intermediaries via http:// www.fsa.gov.uk/register/home.do.


Insurancecompanies,usually, aremorally obligedtoquote thesamerates,whether it be direct or via a broker. Inmost cases, an insurance companywillpreferdealing with abroker, particularly in specialised fields such as property insurance, Insuranceunderwritersacknowledge that aknowledgeable specialist broker or intermediary in the field has a better feel andknowledge of thecustomers requirement. Thebrokerorintermediary can provide quotations, issues Cover Summaries, andoften policy andrenewal documents plus invoices and collects the premiumand can also assist in the claim process.


Remember,Insurance is alegal contract and like any other legal contract could cost youmillionswithout an expert helping you. Insteadofworryingaboutwhat sort of insuranceyou should havewhynot letyour specialist insurancebrokersortitall outfor you. That wouldbeone less job foryou to do andpeace of mind that your property is adequatelyprotected.


Flat Living GUIDETO INSURANCE 21


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