The insurance world can be confusing and difficult to navigate. Finding the correct premium or policy coverage, comparing companies and understanding covers can be completely overwhelming. There are numerous insurance companies offering an extensive number of policies, options, riders, exclusions, and payouts.
An Insurance Adviser, also known as a Financial Adviser, is a qualified professional who, with the right knowledge of the industry and in money sense, delivers financial services to an individual, a business or a government headquarter. An adviser can help evaluate insurance and financial needs and identify competitively priced products, as well as assist in claims and settlements.
Most Insurance Advisory services traditionally charge a fee for service, however many financial institutions such as banks and insurance companies may offer free access to advisers. Fees for advisers can also be included in your premium or renewal if you purchase an insurance product from a company or it could be included as benefit for existing members of bank or union. You may also opt for a free-agent for unbiased support.
By seeking an advisory service you will be provided with an individualised assessment of your potential loss exposure and a plan for protecting yourself now and in the future. Making sure you have the correct coverage in place will help avoid the risk of potential disappointment, frustration and financial hardship. A good adviser will have extensive experience, legal expertise, training, and licensing to ensure you feel comfortable and confident in the advice you are given. Insurance Advisory Services can assist with assessing current coverage and determine necessity of additional coverage, drafting and negotiating contractual provisions in a wide range of products, including: Auto Insurance, Home Insurance, Business Insurance, Commercial Insurance, Life Insurance, Disability, Tax Audit, Loss of Cash Flow, Investment Products, Income Protection and more.
Keeping this in mind, there are things to think about when selecting your adviser. Would you need an adviser who you can talk to face to face? Or would telephone or email contact be adequate? What are their ranges of services? You may want to find an adviser from a small firm who specialises in one area if your needs are minor, or you may want an adviser from a larger organisation if your needs are broad. Taking the time to find the right adviser and developing a close business relationship with an adviser who understands your goals can be a huge benefit, especially if you have long term needs.
Before purchasing a service from any insurance company, it is always wise to obtain insight from professionals experienced in the field. This way, you can feel sure that you are truly protected with the peace of mind that you are paying competitive costs for adequate coverage.
