Can an insurance broker help with home insurance claims?
Insurance brokers have access to the wider insurance market which enhances their chances of finding you a policy that best suits your needs. From finding and setting up your policy, to renewals and management of your cover, an insurance broker can advise you on your options and do the hard work for you. They can also help with the claims process around any insurance product you have, including home insurance claims.
What is an insurance broker?
An insurance broker acts as an intermediary between the insurer and the client. They offer a service which includes arranging your insurance for you, managing renewals, and providing support around claims if needed. A reputable insurance broker should be regulated by the Financial Conduct Authority (FCA). At Lloyd & Whyte Community Broking, all our qualified brokers are obliged to abide by FCA regulations. This includes giving appropriate advice on the products and services we offer and to provide “clear, fair and not misleading” advice, as per the FCA’s rules.
Why use the services of an insurance broker?
An insurance broker will have an in-depth knowledge of products and services that suit your needs. They can help you make an informed decision on what type of coverage you need and find you a suitable policy. If your insurance needs are complicated, or you’re looking to protect an asset or item that is unusual, a specialist insurance broker will be able to assist you. For example, if you are looking to protect your business and need to consider Public Liability and Employers’ Liability Insurance, your broker will be able to suggest a policy that protects you for compensation claims that may arise from members of the public or your employees
Do insurance broker services cost more?
Specialist insurance brokers such as Lloyd & Whyte Community Broking have access to a wide range of insurance providers including composite insurers, Lloyd’s markets and specialist MGAs. This allows them to source insurance policies that may not be available to the general public giving you more opportunity to benefit from more competitive premiums or insurance tailored to your unique requirements. A good broker will act in your best interests while maintaining close working relationships with a range of insurers. This can stand you in good stead should you need to make a claim or negotiate a good deal.
Can I just use a comparison site?
Comparison sites can be used for quick quotes and scanning the market, but they tend to offer generic insurance products that may not be sufficient for your needs. For example, if you own a non-standard property, such as commercial buildings, you’ll benefit far more from getting the help of a specialist insurance broker than an off-the-shelf policy which might leave large gaps in your cover. Should you need to make a claim, you could find that you were underinsured or not covered for the event you’re claiming for, leaving you to manage a potentially large bill. A broker will also take time to understand your circumstances and armed with this knowledge search a wider market than those offered through comparison sites.
Help with home insurance claims
A good insurance broker should be able to support you throughout a claims process, from start to finish. This will often include talking to loss adjusters and claims departments on your behalf, removing the stress and worry of you having to call relevant organisations about making a claim and its progress. An insurance broker will be one point of contact for you and will keep you updated on the progress of your claim. They will help you understand what documents and supporting evidence are required from the insurer to help move a claim forward. For example, if you need to make a claim for an insured loss under your Property Owners Insurance policy, your broker will support you in liaising with the insurer to help bring about a swift settlement.
If you are interested in finding out more on how we can help you with your insurance needs, get in touch with us at your convenience. There is no obligation to use our services, and we don’t charge a fee for giving you information on how we can find you appropriate insurance. Just head over to our Request a Quote page on our website and call the appropriate number for your area. We cover the South West and Wales.
