How To Choose And Maximize Use Of An Insurance Broker

• Tell the broker everything that seems relevant about your life and your business. Let the broker decide what is relevant for insurance purposes, and what isn't.
• Let the broker know whenever there are changes in the facts. Again, let him or her decide whether the change is relevant.
• Before you buy an expensive item -- whether jewelry, car, house, apartment -- speak with your broker. His or her advice could save you from being surprised when you learn you can't insure the item, or the insurance is much more expensive than you thought.
• A broker does not charge by the hour -- so feel free to call with any and all questions.
• As noted above, if the insurance in question is the type that renews, ask the broker to get you competitive quotes at each renewal. (With certain policies, such as homeowners or auto, it may pay to stay with one company over the years to obtain a customer loyalty discount, but you can factor that in when you compare prices. To learn more, see Homeowners Insurance, Automobile Insurance.)

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