Today there are a number of Brokers in all segments of the market where brokers can play a vital roles. Being real estate or insurance or even the stock markets.
Today there are a number of Brokers in all segments of the market where brokers can play a vital roles. Being real estate or insurance or even the stock markets.
Brokers play a very important role. Its not an easy job for a Broker in the insurance industry. They dont need to learn just one insurance companies Tariffs and premums, but they should be well aware of the market. In UAE in the motor department there are about 30 insurance providers to choose from. The Broker should be aware of all these providers and who at a certain time is offering the best promotion. From time to time Insurance providers offer packages as promotions and the Brokers should be on top of their game so they know what is in the market at a specific time.
Below are few reasons why Brokers are a better choice in the motor insurance market
- They will offer a variety of choices between the Insurance Providers. Not only will they offer you the best choice, they will give you options.
- Based on your requirements the Broker will suggest you where to best place the policy. For example if you need Oman coverage in your policy, best bet would be to go for a company where the coverage is for free of a few extra dirhams. Another example would be if you require off-road coverage there are only few companies that can provide it.
- Brokers will save you time as well. Instead of you going and filling forms and getting quotes, they should be able to tell you upfront based on your requirements, where to place the policy.
- Brokers will be well aware of the market and will be able to tell you of special promotions that companies have at a specific time. Some promotions include offers where the Driver, Passengers and Roadside assistance are offered for free during the promotional phase.
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