How easy is it to switch insurance brokers ?

Discussion in 'After Hours Lounge (Off Topic)' started by brentl, Nov 28, 2003.

  1. brentl

    brentl Cinematographer

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    My new quote came in from my broker, it's $400 more than what I can get it for.

    Is switching brokers a "thank you, no thank you" proposition?

    Do I need to notify the quoted company(ING direct) that I WON'T be insuring with them?

    I'm looking at calling ING today to cancel, if it's that easy, and calling RBC on Monday to start my insurance on the 8th.

    Thanks

    Brent L
     
  2. Mark Dubbelboer

    Mark Dubbelboer Screenwriter

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    Yup, just that easy. Make sure you call them though, a lot of insurance brokers will automatically renew you unless you inform them otherwise.
     
  3. brentl

    brentl Cinematographer

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    I'm guessing that the broker doesn't get paid until I pay my insurance so;

    1; get insurance through RBC

    2; Call broker and tell them.

    3; call ING and cancel my insurance before it even starts.

    Would you do it any other way?

    Brent

    I figure I'd better make sure I have insurance before I cancel right?

    Needs to be done by the 8th, but I'm pretty sure I can it over the phone, and run to the broker the same day to get a slip??
     
  4. Patrick Sun

    Patrick Sun Studio Mogul

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    You might want to also do the cancellation in writing as a followup to the phone call to cover your bases. I switched home/auto insurance when I saw the new rates for the year, and I called around for other quotes and found a much lower insurance bill, so I gave my then-current insurer the option of matching the other insurer, but they declined, so I went with the lower-priced insurer. I did have to sign some paperwork with the new insurer to get my home escrow details (billing) dealt with.
     

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