An International Insurance Broker Will Save You More Than Just Money
Many international citizens pride themselves on being savvy consumers. They know how to track down the best flight and can always get a great hotel deal. They take satisfaction in doing their own research and not incurring any extra costs along the way. As such, many travelers are surprised to learn that using the services of an international insurance broker can pay off – in more ways than one. Here are five excellent reasons to work with an international insurance agent before your next trip.
Their Loyalty Is To You
An insurance broker’s loyalty is to you. They want you, their customer, to be happy and secure. They aren’t tied to any one company or policy. Insurance brokers work to make sure you have the best possible coverage. They will walk you through the often intimidating policy fine print so you are fully aware of all inclusions and exclusions. You can talk with them freely about any concerns or questions you might have and feel confident that they are on your side.
There’s Support If You Need It
That personal relationship you develop will support you in times of need. Insurance is probably the only thing you buy that you hope that you never have to use. But should the worst happen and you need support, your broker will be there for you. You’ll be working with a person you know to help you navigate your claim. This is especially important if you’re overseas and you feel like your world has been flipped upside down. And, in general, a broker’s knowledge can far outweigh that of a call center agent at an insurance company. If complicated questions arise, you have an expert to walk you through everything you need to know.
Your Choices Are Endless
When you work with an international insurance broker, you have the best possible selection of policies to choose from. And if that means mixing and matching policies from different providers, so be it. It’s okay if your expat health insurance plan comes from one company but the insurance for your business, your car left in storage, and your beloved camera gear all come from different sources. Instead of having one large policy that you think is “probably” good enough, you’ll have the exact combination of coverage you need for total confidence. If one company doesn’t offer exactly what you want, you can easily find another one that does. Your broker isn’t offended in the least if you want to shake things up or reject several ideas. They aren’t employed by the insurance companies and there’s no pressure for them to sell a particular package.
Someone Else Is Doing Your Legwork
Speaking of all those possible policies and packages… Your insurance broker is a research assistant, mathematician, and detective all rolled into one! You tell your broker what you want, what you need, what you’re not sure about, and what price points you’re comfortable with. They present you with all your options and help you narrow them down. It’s a tremendous time saver and confidence booster all in one.
Research, Review and Compare your Options
You can always do the research on your own. to that end, we have compiled some excellent resources to get you started.
If you need an international health insurance plan:
For less comprehensive coverage, for shorter periods of cover, consider travel medical insurance:
If you get stuck, have questions, or need assistance understanding your options, reach out to us and a licensed agent can walk you through the different plans and help you pick the best one for your needs and your budget.
You’ll Probably Save Money Too!
A nice added bonus that the prices offered by insurance brokers may very well be lower than those offered directly by insurance companies. While this goes contrary to the idea that things should be cheaper when you cut out the middleman, there’s a good reason for it. Insurance companies give a superior rate to brokers, who are able to pass along the savings to customers. An agent can also help you carve out coverage you don;t need or refine your quote to get within your budget. As columnist Adam Bishop writes: “Why would insurers provide special broker pricing? Simple: because the risk is lower for the insurer. Brokers are professionally trained to choose the right policy for their customers, and not to under insure, therefore avoiding unnecessary claims while maintaining the correct premium income.” And when this built-in cost saving is combined with the value that comes from comparing multiple policies from multiple companies, a prudent traveler can’t lose!
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