Where Can You Get Insurance Cover?
That’s the question people ask themselves from time to time, especially when they see a certain risk. A risk that is usually linked to safety, health or even wealth. After asking about protection against a risk, comes the question – where does one get protection from?
There are many insurers and many classifications under insurer; approaching an insurance company or an insurance broker directly could be an option, while other alternatives such as banks or online platforms might come in handy too.
Over the past decade, the internet has been the revelation in all spheres of businesses, leading to better and more improved services. Insurers engage with customers through their website and provide them with a quotation. You will also find online aggregators that assist customers with quotations from a variety of insurance companies under one site.
From online to direct engagement, insurance brokers are an option for customers to approach and seek an offer, protection, and coverage. They negotiate terms and coverage on your behalf with the insurance companies, compare the different insurance plans, and provide you with multiple offers. Insurance brokers are constantly updated with the latest in the insurance world, which gives them an advantage when consulting with insurance companies. They will then apply this to negotiate premiums in addition to claims assist.
Direct engagement is also linked to your financial service provider, Bancassurance. The relationship between insurer and banks was founded due to its convenience to move towards a financial customer-centric service. In insurance, banks are intermediaries. Being able to get both your banking and insurance needs under one roof helps you plan well and cater to your needs.
Insurance companies offer their products directly to customers. Their team has in-depth knowledge of their insurance products, which also helps you develop a relationship with your insurance carrier directly.