Insurance Broker in Ontario vs. Direct Insurers: Which One Saves You More?
Ontarians typically have a question to ask when it's time for them to renew or purchase a new policy: should they approach the insurance company directly or should they consult an insurance Broker in Ontario ? Both routes will cover you, but in very different ways — and it can cost (or save) you hundreds of dollars per year. Let's now take a look at how each one works, and why working with a licensed local broker, such as PJ Insurance Broker, can actually benefit an Ontarian family and business. What's the Difference Between a Broker and a Direct Insurer? A direct insurer only offers you their own policies. When you call or go online to obtain a rate quote, you're getting the rates, coverage, and fine print of one company. No comparison is going on, you just take the offer or you go shopping elsewhere on your own. A third-party agent is an insurance broker who represents several insurance companies. Rather than being stuck with one product, a broker will shop around ...