An insurance broker’s purpose is to act as your advocate, By knowing the industry and understanding the role players and cover, To find the best insurance policy or product to suit your needs (personal or business) Brokers need to assess risks, compare policies from multiple insurers, and try negotiate the best deal, trying save you time, money, and
OSTI, the Ombudsman for Short-Term Insurance provides consumers with a free, efficient and fair dispute resolution mechanism, whether it is a bad claims experience, a rejected claim or a dispute between you and the insurer. Osti Fais Ombudsman The Ombud is appointed by the Minister of Finance, as provided for in section 21 of the
As of late, I have been approached by several people with the same issue. They had no insurance but where hit by a third party(third party fault). They approached the third parties insurance to repair their vehicles as they where not insured at the time. All these people tried to submit a third party claim.
Even with all the new laws and by laws trying to govern the affordability aspect of clients. These laws are set up to prevent the public from over extending there finances. Its goal is to keep people with in an affordability range and not over indebted. “Overextended” transitive verb. : to extend or expand beyond a
Assessors and their responsibility An assessor is appointed to evaluate the accident or the mishap that has affected their insured property. For the property to be assessed and the claim to be filled, it is necessary that your property has a monetary value. The role and responsibility of a Panel Beater A Panel Beater, will be responsible for assessing
How do you distinguish the Right Broker from the wrong Broker?? Well its quite simple. The Right Broker will not be concerned about the premiums only, They will always be concerned about the accuracy of information 1st. The Right Broker will always look after your best interest and advise you accordingly. The Right Broker will
Most of us think of insurance as a non essential or as a thorn in the side of our budget. We have other commitments and debts to pay and of course a lifestyle to support. Loads of people don’t like paying monthly premiums as these funds could rather be used to further enhance our lifestyles.
Humanitarian crises has significant implications for private business. The coronavirus disease 2019 (COVID-19) has caused a slowdown in trade and disrupted global supply chains, This had changed tourism flows, Business and economic growth. The complexity of world wide economics and the impact it has on every individual both Private and business will only be fully
Insurance is never simple, its never black or white. Insurance is tricky and there is a lot of grey areas. A direct insurer allows you to act as your own broker and write your own policy. Unfortunately if you are not educated or schooled in the insurance industry, It will almost always have a negative