Author Topic: INSURANCE AGENT VS INSURANCE BROKER  (Read 2432 times)

Offline vistar

  • Baron
  • *****
  • Posts: 3,662
INSURANCE AGENT VS INSURANCE BROKER
« on: July 11, 2011, 05:43:41 PM »
Any different? any views & comment?

Offline venven81

  • Knight
  • **
  • Posts: 109
    • Prudential. Your One Stop Financial Centre.
Re: INSURANCE AGENT VS INSURANCE BROKER
« Reply #1 on: July 12, 2011, 09:42:06 AM »
it's very much akin to mortgage consultant in a specific bank vs mortgage consultant with a panel of banks under them. if you're dealing with an insurance agent, most likely the agent only represents one insurance company but when you're dealing with insurance broker, they carry with them a number of / if not all, insurance products from various insurance companies. they are able to recommend the right product that meets your specific requirements (hopefully).
Prudential for your protection & investment needs

Offline vistar

  • Baron
  • *****
  • Posts: 3,662
Re: INSURANCE AGENT VS INSURANCE BROKER
« Reply #2 on: July 12, 2011, 10:04:22 AM »
so, it is recommendable to seek recommendation from broker instead of agent?


it's very much akin to mortgage consultant in a specific bank vs mortgage consultant with a panel of banks under them. if you're dealing with an insurance agent, most likely the agent only represents one insurance company but when you're dealing with insurance broker, they carry with them a number of / if not all, insurance products from various insurance companies. they are able to recommend the right product that meets your specific requirements (hopefully).