UNDERSTANDING INSURANCE - INSURANCE BROKERAGE VS. INSURANCE AGENCY

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This page contains dozens of short articles that will help you quickly understand international insurance. For example, terminology, purchasing details and managing your insurance coverage are topics that are all covered within these articles. Choose an Article From the Topics Below

THE DIFFERENCE BETWEEN AN INSURANCE BROKERAGE & AN INSURANCE AGENCY

Generally an insurance agency represents one company. Their task is to sell the product of that one company. These are generally “captive” agents, and are not allowed by the company to offer products other than the company’s products.

An insurance brokerage is contracted with numerous companies. Their main purpose is to represent their client to the company. Thus their main loyalty is to their client. If one company is not giving their client good rates or service, then they can direct the client to another company.

Good Neighbor Insurance, Inc. is an insurance brokerage. As a brokerage we presently represent 12 international health insurance companies. This gives us the advantage of being able to direct our clients to insurance plans that best meet their needs. We handle all kinds of insurance products including group and individual health, short-term team, short-term worker, trip cancellation, term life, furlough, kidnap and ransom, liability insurance, etc. And in all cases we are in contact with multiple companies that sell these kinds of insurance plans.

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"Jeff, I just wanted to say a quick "Thank You" for the newsletter, or "Quarterly E-Bulletin." I don’t know if this is all your work or a team, or you buy content, or just who puts it together; but I’ve gotta say it’s one of the few pieces of its kind that I actually *read* top-to-bottom. [The "Quarterly Bulletin" is written by Jeff, assisted by the GNI staff.]"

(DS, Pennsylvania)

"Nelma, Thank you so much for your immediate help in getting my credit from the insurance company. It’s this kind of service from you and your partners that keeps me coming back to GNI for ALL my international insurance needs. "

(KD, California)

"Trish, Thanks so much for your follow-up on this. We actually got a check in the mail already, covering all the charges minus the $250 deductible. I was surprised and pleased that we got it so quickly! Thank you again for taking care of us. You have been extremely helpful, Trish."

(AR, Indiana)

"Doug, I wish to thank Pei for the first class service I received. I value great customer service having worked for a Japanese airline for 17 years. I believe the service reflects the management."

(TM, New York)

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