Calgary Insurance Brokers Work To Keep Your Rates Low

How do Calgary insurance brokers work to keep your rates low?

The functional word here is "broker." An insurance agent represents a specific company, the one s/he has contracted with. Calgary insurance brokers, on the other hand, work for you. An agent can do a good job for you, but a broker has more independence and choices to provide.

Independent

An independent insurance broker is not contracted to a specific insurance company and its products. The broker is free to mine through the offerings of a number of companies to match your need to the best available product. They have the experience to find out what you need, and are not inclined to sign and run. The Insurance Broker's Association of Alberta (IBAA) and Insurance Brokers Association of Canada (IBAC) bind brokers to a Code of Ethics to do their best to find you the best. Brokers commit to serve clients' interests with insurance policies best suited to their needs, uninfluenced by their own economic interest.

Because they deal with an array of products, services and insurance companies, brokers are qualified to recommend the policies from a more diverse portfolio of options than an insurance agent. It is just as true that they guide more diversified clients through a bank of losses with more experience and accountability. Brokers do not represent every insurance company in the country; rather, they represent you in trying to find a market for your insurance needs. By and large, brokers will work with a select group of insurance companies they believe provide the very best products.

Calgary insurance brokers must be bonded, which protects you against dishonest conduct. They are bound to maintain your privacy and to hold all discussions confidential. And, they must detail full disclosure including their commission rates and how they will impact your insurance premiums. Brokers are required to provide you with a statement at the point of sale listing how much of your premium goes toward the broker’s commission.

Your insurance broker must be forthcoming with any financial connection with companies that could present a conflict of interest and disclose any ownership position or financial relationship perceived as a conflict of interest.

Professional and Unbiased

Calgary insurance brokers offer professional and unbiased advice with full disclosure, ethical conduct, and all the expertise you need to make an informed decision. They are independent enough to give you fully personalized advice and excellent customer service. Brokers are committed to continuous learning on the latest changes and adjustments to insurance policies and legislation. They are trained and experiencedin offering the best options available when you purchase your next home, auto or life insurance policy.

Godfrey-Morrow are qualified Calgary insurance brokers with expertise in several types of coverage. We will research the market and discuss your needs to find you the best personal or commercial coverage available.

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