• Site Map
  • FSG
Free Call 1800 650 077
Piranha Insurance Brokers
  • HOME
  • ABOUT US
    • OUR TEAM
    • AFTER HOURS
    • PIRANHA RACING
  • INSURANCE SERVICES
    • PERSONAL INSURANCE
    • REAL DEAL MOTOR SPORT INSURANCE
    • BUSINESS INSURANCE
  • NEWS & MORE
    • PIRANHA NEWS
    • RESIDENTIAL INSURANCE CALCULATORS
    • VIDEOS
    • DOCUMENTS
  • CONTACT US
  • Search
  • Menu Menu
Letter of Authority or Letter of Appointment

Aliens, Meerkats or Brokers?

November 17, 2014/in Latest News/by admin

WHEN BUYING INSURANCE, WHICH WAY TO GO?

Whilst it’s true to say that the TV ads of the Direct Insurance Marketers are very ‘catchy’ and ‘humorous’, prospective buyers of these classes of insurance from these vendors should be aware that the product being promoted is actually ‘protection’: protection of the livelihoods, incomes and assets of individuals and businesses. Not something to be treated lightly.

Generally, the Direct Market will promote their offerings on a ‘price’ model and whilst this is always part of any consideration, claims service and Policy Wordings and Conditions are of equal importance.

If only the quality of the coverage provided by the Direct Insurance Marketers was as comprehensive as their advertising campaigns.

This is where an Insurance Broker adds value to the purchasing proposition. The insurance broker’s role is to ‘canvas’ the ‘market’ with a view to obtaining a recommended ‘product’ that is appropriate to the individuals needs, taking into account any specific requirements. Additionally, many brokers are members of insurance Cluster Groups and these have policy wordings that are far superior, and ultimately of more benefit to the buyer, than that of the Direct Insurers.

Why wait in the long queue of a call centre or attempt to navigate the hurdles of a direct seller’s website when a broker can make the transaction a much easier and safer option?

The main point of difference though is at claim time when the consumer is totally ‘on their own’ in respect of Policy interpretation as well as having to arrange and manage the claim from start to finish. Brokers understand and manage claims.

It’s what they do. They add to the process rather than detract from it. The broker will advise clients what information is required and then prepare and forward the claim to the insurer. A broker goes in to bat for you and manages the process from start through to settlement while their client can relax knowing he or she is in good hands.

Another major point that a broker offers over the Direct Marketer is the fact that at Renewal / Anniversary of the Policy time, the premiums are market checked to ensure that a client’s existing insurer is still providing the most competitive and comprehensive terms available. When dealing with a Direct Insurer, each year is just like starting over again.

As a client of a broking firm you are also able to access varied other services of your chosen broker. They have a range of valuable services and offers, available to you, all under the one roof and accessible by one phone call. Over time, clients of brokerages become trusted business partners and friends, thanks to the professional way their insurance business is transacted. To your broker, you are never merely a number.

On balance, when you weigh up the pros and cons of insurance from the Direct Marketer’s call centre or the professional broker alternative, the choice is clear.

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://www.piranhainsurance.com.au/wp-content/uploads/2014/11/news-letter-of-authority-01.jpg 400 800 admin https://www.piranhainsurance.com.au/wp-content/uploads/2021/12/Piranha-logo-RGB-01-002-300x121.jpg admin2014-11-17 15:59:432014-11-20 11:24:31Aliens, Meerkats or Brokers?

Latest News

  • Business Interruption Test CaseBusiness Interruption COVID-19 Claims upheld by NSW Court of AppealNovember 27, 2020 - 1:57 am
  • End-of-Financial-YearEnd of Financial Year ChecklistJune 26, 2020 - 3:00 am
  • Zane KeleherPiranha backs young speedway driver for Australian title campaignDecember 21, 2019 - 12:13 am
  • Ongoing hot conditions increasing fire risk for the region – tips to be preparedDecember 5, 2019 - 1:37 am
  • Airbnb – what are your rights?September 18, 2019 - 8:00 am
  • Insurance issues arising in the gig economyJune 25, 2019 - 10:49 pm
  • Queensland Smoke Alarm Laws and youJune 19, 2019 - 10:56 pm
  • Single Touch Payroll is hereJune 11, 2019 - 10:43 pm

News Archive

  • November 2020
  • June 2020
  • March 2020
  • December 2019
  • September 2019
  • July 2019
  • June 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • June 2018
  • April 2018
  • January 2018
  • December 2017
  • October 2017
  • September 2017
  • June 2017
  • April 2017
  • March 2017
  • October 2016
  • July 2015
  • May 2015
  • March 2015
  • February 2015
  • November 2014

Categories

  • In the Community
  • Insurance
  • Latest News

MEMBER OF

National Insurance Brokers Association
Council of Queensland Insurance Brokers

PART OF

CONTACT US

Phone 07 4927 8400
Free Call 1800 650 077

Po Box 1251
Rockhampton Q 4700

VISIT US

PIB Investments Pty Ltd T/As Piranha Insurance Brokers | ABN 61 638 023 211 | Corporate Authorised Representative No. 1281593 | Corporate Authorised Representative of Aviso Select Pty Ltd T/As Aviso Select | ABN: 37 097 567 710 | AFSL No: 239049

General Disclaimer: The information on this website is to be regarded as general advice. Your personal objectives, needs and financial circumstances were not taken into account when preparing this website content. We recommend that you consider the suitability of this general advice, in respect of your objectives, financial situation and needs before acting on it. You should obtain and consider the relevant product disclosure

© Copyright - Piranha Insurance Brokers | Website by
  • Site Map
  • FSG
  • Contact Us
Third party manufacturersPiranha Insurance BrokersTravel Compensation Fund ScrappedCorporate Travel Insurance
Scroll to top