It’s a fact that insurance brokers make more money when you pay more for your coverage. This conflict of interest may mean that your broker is pushing certain products to increase their commission. So how can you trust that your broker is really committed to finding you the best deal? Let’s explore why fee based insurance might be a better fit for you.
Save Money. Fee Based Insurance removes premiums and commissions from the equation, thereby allowing your broker to offer objective advice without trying to secure the highest commission. This means that you end up paying less and getting exactly what you need.
Transparency. You get to see all the quotes the broker sees. You also get to see commission statements. Everything is transparent so you know exactly what you’re getting.
Consolidation. You coverages are consolidated for better pricing. This also helps you avoid gaps in coverage due to different renewal dates, brokers, carriers, etc.
Unbundled Services. You only pay for the services you select. You don’t have to pay for services to don’t want or need.
No Bidding. A broker spends a lot of time and money to quote insurance programs. By eliminating bidding, the savings get passed on to you.
Does fee based insurance sound like the right fit for you? ERM Insurance Brokers in Irvine, California can answer all your questions.
Call (949) 222-0444 to speak with an expert.