Why do I need an insurance broker?
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Just like an accountant or lawyer who provides you with professional advice based on years of training and experience, a qualified broker can do the same with your insurance.
An insurance broker can save you time and money and worry. Brokers provide advice and assistance to make sure you are properly protected.
When arranging insurance, many people take shortcuts without seeking proper advice, understanding the fine print or considering whether they are getting value for money. Often they end up with cover they don't need and - even worse - without the cover they really need.
Brokers have access to lots of different policies because they deal with a wide range of insurance companies and sometimes other types of underwriters as well. A broker will be aware of the benefits, exclusions and costs of competing policies on the market. They will also help arrange and place cover and can often provide advice on how to make the most of your insurance budget.
Using a broker doesn't necessarily cost more. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. A broker will also explain your policy and any special situations you need to watch out for. Furthermore, a broker is obliged to advise you of fees charged for services provided to you.
What is the difference between an insurance broker and an authorised representative of an insurer?
Insurance brokers act on behalf of their client, they provide advice, have technical knowledge and deal with a wide range of insurance companies.
An authorised representative is appointed by an insurer or underwriting agency and acts on behalf of that insurer or underwriting agency. Prior to the implementation of the Financial Services Reform Act in 2000 those acting on behalf of insurers were referred to as agents, selling only their products. All authorised representatives must disclose who they act for when providing advice.
Why choose Us?
Locally owned & operated - Roderick Insurance Brokers is a locally owned and operated brokerage established by Keith Roderick in 1986 and has grown to employ 22 experienced, qualified, professional and friendly staff with offices in Geelong and Werribee.
Quality Advice - We pride ourselves on providing all of our clients quality advice based on your needs and our comprehensive market knowledge. We offer a range of services to assist you to protect your assets.
Experienced Staff - There is no substitute for experience, all of our staff have been in the insurance industry for periods ranging from five years to in excess of 40 years. The insurance industry is ever changing and all our staff participate in ongoing education to keep abreast of these changes and maintain industry qualifications. So you can be confident that you are in good hands.
What we will do for you.
If you choose to become one of our clients we will act as your insurance broker in all matters relating to your insurance. When we act for you our services can include:-
- Advising on your insurance needs
- Placing cover on your behalf
- Negotiating with your chosen Insurer
- Making alterations to your cover as the need arises
- Renewing your policy for you
- Assisting you with your claims lodgement and settlement
- Arranging premium payment options if required
Refer to our Financial Services Guide (FSG) for full details of our services.