Do you already know what an insurance brokerage is and why many people choose this formula to contract their policies? As an insurance brokerage in Zaragoza, PIB Group Iberia explains it to you.
Before taking out a home, health or life insurance policy, you may wonder whether it is better to choose a bank or a brokerage firm. Or, as happens in many cases, you may not know what this term refers to. Together with its functions, we explain it to you in this post.
What is an insurance brokerage? How does it work?
To understand the term, let’s take the definition of the Real Academia de la Lengua, which says that brokerage is the “office or exercise of the broker” or the “brokerage office or office”. And if we refer to the description of insurance broker, we will see that it is an “insurance intermediary who carries out his activity without maintaining contractual ties that imply affection with any insurance company”.
From this definition we can already glimpse one of the main characteristics of an insurance brokerage: its independence. As there is no relationship of dependence with the insurance companies, the insurance broker can objectively offer the most interesting options, from a range of products from the different companies with which he works.
An insurance brokerage acts as a mediator of a policy and allows to offer the client alternatives of products from different insurance companies and help him to make the best possible decision.
When we talk about mediation, we do not only refer to the advice in the contracting, but also to the review in the renewals and to the action in front of a claim, one of the added values more appreciated by the clients. In other words, you save yourself calls to 902 and can count on the advice of your trusted insurance manager in the event of any problem.
It should be borne in mind that the insurance broker is obliged by law to offer “truthful and sufficient information” in the promotion, offer and underwriting of insurance contracts.
The mechanism through which independence is attempted to be guaranteed is the so-called “objective analysis”.
These advantages are not known by all and, therefore, from our insurance brokerage in Zaragoza we strive to publicize the advantages of this formula:
The advantages of an insurance brokerage
There are many reasons to choose a brokerage company. Here is a summary of the most important ones:
- Objectivity: an insurance broker is obliged to inform you clearly and objectively of the different alternatives available to you. This is the basis of their independence.
- Variety of products: Brokerages work with trusted insurance companies. In this way, they can offer clients a variety of products. This is not the case with an insurance company (where products are limited).
- Negotiation: by underwriting many insurances with companies, brokerages can negotiate with them, sometimes offering advantageous prices.
- Protection and representation: in the event of a claim, the insurer ensures that the insurance conditions are met. You are no longer alone in dealing with the company.
Insurance brokerage in Zaragoza
Do you already know our insurance brokerage in Zaragoza? Learn a little more about us and our 30 years of experience accompanying thousands of individuals and companies from advice to the contracting of their policies. We look for the best option among more than twenty companies. From Zaragoza to all Spain.
And, of course, we are on our clients’ side when it comes to claims management. Do you want to start enjoying the advantages of an insurance brokerage close to you? Contact us without obligation so that we can inform you.
