Insurance Broker: The Driving Mechanism Of Insurance

Occasionally it may also be necessary for an insured client to update their portfolio and make changes to it

. whether these changes are merely small personal changes such as a new address or phone number or big changes made to the portfolio, they too fall under the duties of an insurance broker. Some of the bigger changes that brokers need to make to the portfolios of clients are when the clients insured value increases or decreases. Insured individuals purchase new items for example and those items need to be specified on the insurance policies. All this is communicated to the broker. Very seldom it may even be preferable or necessary for a broker to move and insured party to a whole new policy with more appropriate coverage and terms.

Insurance Broker: The Driving Mechanism Of Insurance

By: Afi Post

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