The Role of Insurance Brokers vs. Insurance Agents
- Insurance Brokers:
- Work independently and represent the interests of the consumer.
- Help clients find the best policies from various insurers.
- Earn a commission from the insurers for each policy they sell.
- Insurance Agents:
- Typically work for a specific insurance company.
- Represent the interests of the insurer, not the consumer.
- Provide information about policies and help clients select the appropriate coverage from their company’s offerings.
- Which One to Choose?: Understanding the pros and cons of brokers versus agents depending on your needs for coverage and advice.
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