 |
|
| Why do you need an Insurance Broker? |
|
 |
|
Globally, insurance regulatory authorities (including
Ministry of Economy in the UAE) recognise the value added service
provided by Insurance brokers. Regulators and Insurers have
agreed that in the event of a broker being used as a intermediary,
the premium remains unchanged as opposed to directly dealing
with an Insurance company. The services of a broker comes therefore
without any additional cost to you.
The insurance policy is a fairly complicated legal document
and an understanding of the insurance and legal complications
in the fine print of the policy is essential. A professional
broker can help you in this.
Individuals, Businesses and Organisations are exposed to various
physical and financial hazards. A professional broker will help
you understand this and help advise possible measures to counter
these impacts with Risk Management services.
Insurance covers and policies evolve continuously. A professional
broker would help you in getting access to upto date insurance
products and services.
In a competitive and sensitive market, the quality of products
and services are often compromised. A professional broker will
assist you in getting the best available protection.
A professional broker can, should you so desire, provide guidelines
in establishing the right Sum Insured, Values for insurance,
Limit of indemnity etc.
A professional broker scrutinizes the policy document to ensure
its accuracy with regard to cover, specification, extensions,
etc. These could prove to be very critical at the time of claim.
In the event of a claim, it is important to present the same
in a detailed and professional manner. A professional broker
will work with you on this to ensure optimum benefit under your
insurance program.
|
|
|
|
|
