As a senior insurance broker, I’ve seen many families trust big-name insurance companies, only to be left with high deductibles and insufficient coverage when it matters most. However, working with an independent insurance broker can provide unbiased advice and tailored services to meet unique needs.

Benefits of Insurance Brokers

Insurance brokers have access to databases that provide valuable information about a property’s insurance history, including previous claims and payouts. This information can be crucial in uncovering secrets a property may be hiding or details not included in the seller’s disclosure.

For example, we may find repeated sewer line backup claims or a ‘small leak’ that was actually a $100k water damage claim. This intel is especially important when buying renovated properties, as investors may not include previous claims in the seller’s disclosure.

Avoiding Cancellations

If you make an offer on a home and discover issues during inspections, your insurance broker can help avoid a cancellation by informing the seller that the home is uninsurable in its current condition and repairs would be needed prior to ownership transition.

By working with a trusted insurance advisor and broker, you can ensure you have the best coverage for the lowest premium and gain a competitive advantage during your home search.

Original reporting: Johnson County Post (Overland Park) — read the source article.