What is an insurance broker?

An insurance broker is a professional who helps people and businesses find the right insurance coverage. Insurance brokers work with clients to assess their needs and purchase insurance products from insurers, such as life, health, auto, and home insurance. In Texas, insurance brokers must have a valid insurance license from the Texas Department of Insurance to legally provide advice or purchase insurance coverage on behalf of their clients. An insurance broker typically has access to multiple insurers and can search for the best coverage and rates to meet a client’s needs. They can also help clarify insurance policies and explain coverage details to clients. Insurance brokers may also handle the administrative tasks for their clients, such as filing claims, making changes to existing policies, and helping with cancellations. Insurance brokers are legally and financially responsible for any advice they provide to their clients, so it is important to choose a broker who is knowledgeable and experienced in the type of insurance you need. It is also important to check references and review a broker’s licensing information before hiring them. An insurance broker is an invaluable resource for finding the right insurance policy for yourself or your business.

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