What is an insurance broker?

An insurance broker is an individual or company that acts as an intermediary between an insurance company and an insured person or business. Insurance brokers are responsible for helping people or businesses find the right insurance coverage and negotiating the best rates from insurance companies. In the state of New Hampshire, insurance brokers must be licensed by the Department of Insurance. Insurance brokers offer professional advice to their clients and are knowledgeable about different types of insurance and the various laws that govern them. An insurance broker not only helps clients find the right coverage, but also advises them on the best way to manage their risk and protect themselves financially. Insurance brokers are also responsible for helping clients understand their coverage and for ensuring that clients are properly covered if ever they need to make a claim. In addition to helping clients find the right coverage, insurance brokers also help them to make sure they are getting the best rates for their insurance. They can do this by helping clients negotiate with the insurance company for the best deals or by comparing rates among different insurance providers. Overall, insurance brokers are important for helping individuals and businesses find the right coverage and helping them to manage their risk. By providing helpful advice, negotiating the best rates, and helping clients to understand their coverage, insurance brokers are a valuable resource for anyone looking for secure and reliable protection.

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