Tuesday, August 17, 2004

Do you really save on insurance by cutting out the middleman?

Policies have different exclusions and special conditions. When it comes to exclusions and conditions, the devil is in the fine print, but this can make a huge difference to you when you claim.
Personal Finance looks answers the question of whether buying insurance direct can save you money. The answer...it depends.

Brokers retain approximately 85 percent of the short-term market despite years of direct competition.
If there is parity between brokers and direct writers, I think the next question to ask would be whether broker-managed specialized programs offer any better results. If you're relying on a broker for advice, you may want that advice to come from someone who's sold more policies than you have.

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