Generally speaking a broker is someone who brings two clients together so that the both of them can get what it is that they want and the broker himself benefits by taking a small amount of money, known as a commission, if the deal is successful. Many people are involved in this sort of work and that is why you would come across different types of insurance brokers as well- every one of them is responsible for certain types of clients, looking for certain kinds of services or products that are pertaining to insurance.
The first of the many types of insurance brokers are health insurance brokers. These guys will tell you about the benefits of going for their insurance policies. Think of these guys as salespersons for the insurance policy with the exception being that they will actually explain everything to you to convince you that you should go for their clients’ insurance policy or they may simply set up a meeting between you and their client which may be a big company interested in selling health insurance policies to certain types of people which is why you will come across different types of health insurance brokers in the field.
Another of the many types of insurance brokers is one that helps with home insurance. These guys understand how your home could be destroyed or affected by climatic conditions or possibly even man-made methods (arson and such like) and so they help you get insurance for your property so that if anything happens to your property you would be able to take advantage of their clients’ insurance policies. They would help you familiarize yourself with the concept of home insurance and would set up meetings between you and their clients and if you do buy the insurance policy offered by their clients, they would get a commission out of it.
There are those types of insurance brokers who would try to convince you as to why you should buy car insurance from their clients. These guys, as is obvious, usually work for car insurance companies and would inform you about the benefits of purchasing their clients’ insurance policy. An insurance broker and a salesperson may seem to have similar jobs but they are different- a salesperson would only advertise a product or service to you but the insurance broker would actually set up meetings between you and their clients because that is how they get to earn money.
Different types of insurance brokers work in different fields but they all have one thing in common- they work for certain types of companies that are interested in selling certain kinds of insurance policies to people in the market. They bridge the gap between the person looking for such a policy and the maker of these insurance policies to make it easier for the both of them to get what they want and in the process the broker gets what he wants- a commission.
These are some of the various types of insurance brokers.