Insurance is a pregnant fiscal investment. You wouldn’t simply mitt over $2,000 for a auto without doing your homework. Why would you lot purchase insurance without doing your homework?
Here are some of the things you lot may demand to know or intend about:
There are three ways you lot tin purchase insurance:
- from a broker who deals amongst a publish of companies too tries to honor you lot the best deal; or
- from an agent who sells insurance for simply ane company; or
- directly from an insurance company, through a telephone outcry upwardly middle and/or website (companies that sell insurance this means are called “direct writers”).
How to Find a Broker, Agent or Direct Writer
- To honor a conduct author you lot can contact the merchandise association for conduct writers, the Canadian Association of Direct Response Insurers, at www.cadri.com or 416-773-0101 for a listing of their members.
- To honor an agent you lot can ask for a referral from a trusted relative, friend or describe of piece of job organisation associate.
- To honor a broker you lot can ask for a referral from a trusted relative, friend or describe of piece of job organisation associate; or contact the insurance brokers’ association inward your say or the Insurance Brokers Association of Canada at www.ibac.ca.
If you lot desire to honor a broker who sells insurance for a detail company, contact that society straight or catch their website. They volition endure able to conduct you lot to an appropriate broker.
What to Look For When Choosing an Agent or Broker
Your agent or broker should be:
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Note: Every say has its ain licensing bodies for brokers too agents. To verify whether an insurance agent or broker is licensed to sell insurance inward your province, contact the appropriate licensing torso for your province.
