Do you already know what an insurance brokerage is and why many people choose this formula to take out their policies? Like insurance brokerage in Zaragoza, from PIB Group Iberia we explain.
Before taking out a home, health or life insurance policy, you may wonder: Is it better to take out a home, health or life insurance policy? choosing a bank or brokerage? Or, as in many cases, you may not know what this term refers to. Along with its functions, we explain it to you in this post.
What is an insurance brokerage? How does it work?
To understand the term properly, let's take the definition of the Real Academia de la Lengua, which says that brokerage is the “broker's trade or practice”.” or the “brokerage office or bureau”.”. And if we refer to the description of an insurance broker, we will see that he is a “insurance intermediary which carries out its activity without maintaining contractual links involving 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 insurers, the insurance broker can objectively offer the most interesting options from a range of products from the different companies he works with.
An insurance brokerage acts as a mediator of a policy and allows the customer to be offered product alternatives from different insurance companies and to help you make the best possible decision.
When we talk about mediation, we are not only referring to advice on contracting, but also to the review of renewals and action in the event of a claim, one of the added values most appreciated by customers. In other words, you save yourself calls to 902 and you can count on the advice from your trusted insurance manager to 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 that of so-called “objective analysis”.
These advantages are not known by everyone and, therefore, from our insurance brokerage in Zaragoza we strive to publicise the advantages of this formula:
The advantages of an insurance brokerage
There are many reasons to choose a brokerage company. This is a summary of the most important ones:
- Objectivity: An insurance broker is obliged to inform you clearly and objectively about 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 customers a variety of products. This is not the case in an insurance company (where products are limited).
- Negotiation: As many insurances are underwritten by insurance 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 on your own against the company.
Insurance brokerage in Zaragoza
Do you already know our insurance brokerage in Zaragoza? Learn more about us and our 30 years of experience accompanying thousands of individuals and companies from the advice to the contracting of their policies. We seek the best choice 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 of proximity and trust? Contact us without obligation so that we can inform you.
