Searching the internet can seem like a quick, easy solution to providing you with the insurance you need. You check the price of the policy, what it covers and buy directly from the insurer.

But there are limitations and dangers with purchasing your insurance in this way.

Potential issues when buying direct
It can be difficult to know what precisely you need from your insurance. You can see the bullet points of key features, but do you know if you need these, and to what level?

You could either be over-estimating what you require, thereby paying for things you don’t need, or worse, underestimating. Under-insurance is a common pitfall and could leave you drastically out of pocket if you need to make a claim.

Of course, if you think you have a valid claim but the insurance provider won’t pay out, you have the option to take the matter to the Financial Ombudsman Service, but this can be a long process. Many policyholders would merely accept the decision of the insurer without taking things further.

 

The benefits of using an insurance broker
An insurance broker, on the other hand, would be there to offer guidance in the initial purchasing stages and support at the time of a claim, negotiating with insurers where necessary.

You’ll have more rights as your policy will have been purchased through an advised sale, and can be more certain that the cover you have in place is relevant and going to be effective when needs be.

Instead of searching around, comparing prices, and trying to make head or tail of confusing terms and features, an insurance broker will ask you questions relating to your cover and provide you with options based on their expertise.

 

To put your interests first and your mind at ease, speak to our team of independent insurance advisers at Jane Chewins by calling 01948 820 000 or email info@janechewins.co.uk.


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