Why use a broker?

An insurance broker’s foremost duty is to his or her client – they work for you.

An insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with professional advice, insurance brokers are qualified, regulated and monitored by ASIC to ensure you receive the most accurate, appropriate advice for your needs.

When arranging insurance, many people take shortcuts without seeking the 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.

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.