Buying insurance is getting easier and more accessible. But still, it’s hard for first-time buyers to pick the right method and buy a suitable policy. There are two ways for us to buy insurance: Online or from a broker. But which is the better way? Let’s find out.
Nowadays, going online to buy insurance is very easy. You can either search for information on the Internet yourself or ask for consultancy from brokers.
There are some criteria that you need to take into consideration, such as qualification, behavior, prices, and reputation. Lots of websites on the Internet will help you to compare premiums and coverages. Another more exciting way is to read testimonials or product reviews from previous buyers.
Most companies provide you with a form to fill in your information. This may include your age, profession, annual income, etc. Your job is to fill all the gaps and send the form back to the insurer. Usually, it will take them several days to send the result back to you. If approved, you will need to pay for the premium in advance before the policy is actually in force. Bank transfer is more convenient than a direct payment. Thus, having a credit card is essential.
Note: On buying life insurance, we advise you to be honest and sincere. Some people may hide that they are smokers because the premium for a smoking person is usually higher than usual. However, if the insurer later finds out the truth, your application will be rejected. In case you have paid the premium, your policy will become void. Thus, always bear in mind that honesty is the best policy.
You should buy insurance online if:
How to buy insurance online from a broker?
Consulting an agent might be a good option if you need a person to share information directly. In this case, the agent acts both as a consultant and a seller. Generally, captive agents and independent agents are the most popular choices. An independent can present many different companies, while captive agents cannot sell insurance for more than one company.
To buy insurance, in this case, of course, choosing an agent is the first step. Finding an agent is not too difficult if people around you have already bought insurance. If not, you can search for top insurance agents on the Internet and select a suitable one.
As you can reach out to one, you need to discuss your needs and demands with the broker. Based on your information, the broker will introduce to you the most suitable options. As you finish your payment, you will receive your insurance policy.
If you are considering buying insurance from an agent, we have some notes for you:
You should buy insurance from an agent or broker if:
Which one is better?
The answer depends on your needs and demands. For those who want to stay independent of agents and brokers, buying insurance online deems it a suitable choice. However, one shortcoming of this is that you may have to go through all the procedures yourself. Should any problem arise, you need to work with your insurer in person.
On the other hand, for those who need guidance and support from middlemen, a professional agent or broker is preferable. They have experience in the market and will stand by you throughout the whole process.
If you feel that you need help from a third party, don’t hesitate to contact Bestinsuranceonline.ca or Lifeinsuranceonline.ca. They can help you find out the most suitable insurance plan.
Table of Contents Introduction to IT Managed Service Providers Why Outsource IT Management? Cost-Effective Solutions…
Key Takeaways: The importance of selecting the correct thresholds for different areas in your home…
Key Takeaways: The variety of railing gate designs can significantly enhance the aesthetic appeal of…
For many, commuting is an unavoidable part of daily life. But when that commute extends…
When you're on the road, you want to feel safe, comfortable, and like you have…
Key Takeaways: Understanding the significance of indoor air quality. Identifying common pollutants in your home.…