Insurance

What is a Broker?

Broker

[broh-ker]

noun

1.

Insurance Brokers are individuals who gather insurance quotes on behalf of a purchaser. They are different from Agents, in that Agents represent the company selling the insurance, while Brokers represent the party buying insurance. Brokers can be either retail or wholesale. Retail Brokers are those that interact directly with insurance buyers.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Retiree Health Care Coverage Overseas

Retiree Health Care Coverage Overseas

Retirees traveling abroad need to know that their health insurance travels with them.

Snapshots

Snapshots

Your life is marked by images. Prepare for the unexpected, so you can keep those pictures going.

Dog Bites and Homeowners Insurance

Dog Bites and Homeowners Insurance

Reviewing coverage options is just one thing responsible pet parents can do to help look out for their dogs.