top of page
  • Writer's pictureAmanda Bird

Expert Help: Why You Still Need an Insurance Broker

We have heard people say that we should invest during a bear market. This stock advice is as sound as the one coming from a stranger. It is prudent to ask for guidance from a stock broker.

If this is the case, should we not tap into the expertise of insurance brokers? After all, they have been trained to help us maximise our coverage, but are insurance policies supposed to be one of the safest investment opportunities?

If they are a sound investment, why do we need insurance brokers? In this article, we will discover why we still need their help.

Assesses Your Risk Exposure

If you love to play risky games, you may opt to invest in strategies or products that tend to be more volatile. For example, you may want to invest in a hedge fund. If the fund fails, you may not be able to get the funds back.

It is where an insurance broker comes in. They will assess your risk exposure and guide you in purchasing only the right insurance products. They know the products and are familiar with the kind of risks associated with them. They will help you choose the right one, considering your risk appetite.


Insurance brokers are thoroughly trained and well versed with the latest happenings in the insurance industry. They stay abreast with new products and developments in the industry.

The insurance products that they offer you have been thoroughly researched. They have done the right amount of homework to make suitable recommendations for you. It is as opposed to general stock brokers with limited insurance knowledge. Subscription to the wrong policy can cause losses, and they will not be held liable.

It is why insurance brokers are needed. Kindly remember that they are the insurance experts.

Industry Training

Insurance brokers know the individual insurance products and know-how to read the fine prints. They are aware of the limitations of the insurance products and can guide you accordingly. It is the only way to maximise the value of your money.

Essential When Filing a Claim

One of the most common problems with insurance is how difficult it can be to claim. Filing a claim can be time-consuming, but an insurance broker will help you.

A well-trained insurance broker will know how to write an insurance claim that will stand the scrutiny of the insurance company and the adjuster. They will approve the claim and ensure the process is as smooth as possible.

Insurance brokers will also help you throughout the claims process. They will ensure that you have been handled adequately and get the right kind of help. An insurance broker will ensure that both parties are on the same page and that you get the best possible service.


An insurance broker is an essential part of your insurance transactions. They will be able to help you make the right decisions on the insurance products that you need. They are the right people to approach when you doubt whether a policy will fit your needs.

Now that you know the importance of insurance brokers, you should consult New Wave Insurance. We will help you find the right coverage for your needs by assessing your exposure and other factors. Contact us now to get a quote!

6 views0 comments


bottom of page