What is the point of an insurance broker?

Photo courtesy of Matthew Rutledge via Flickr

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When it comes to insuring your apartment, the most important thing to know is that you don’t know everything. Different policies cover different things. Different deductibles create different rates. Different values and types of property mean that different people have different needs. With so many variables to keep track of, having someone on your side who knows what you need can keep you from paying too much or — just as important — paying too little and being underinsured.

An insurance broker, preferably one familiar with your local market, knows the relative benefits of various policies from multiple insurers. He knows how much local contractors cost, the local loss patterns, and the unique requirements of local landlords, coop boards, and condo boards. Why speak to someone in a phone bank half a continent away, just trying to make a quick sale, when you can speak to a local expert who takes the time to find the policy that is right for you and your unique situation?

Gotham Brokerage Co., Inc has been helping New York City renters and homeowners find the best property insurance and the best prices for more than 50 years. See for yourself the difference a knowledgeable insurance broker can make.