What is one reason an insured might choose to buy insurance from a broker?

Prepare for the CII Insurance Broking Fundamentals with flashcards and multiple choice questions. Access hints and explanations for each question. Ace your exam!

An insured might choose to buy insurance from a broker because brokers can offer independent quotations from multiple insurers. This means that the broker acts as an intermediary, gathering and presenting various options and prices from different insurance providers. By doing so, the broker helps the insured compare coverage options, premiums, and terms, which can lead to more informed decision-making. This independence is particularly valuable, as it allows the insured to evaluate a broader range of policies that align with their specific needs and budget, rather than being limited to the offerings of a single insurer.

Additionally, brokers can provide expert advice and insights based on their understanding of the insurance market, further enhancing the insured's ability to make a well-informed choice. This option stands in contrast to the other choices that suggest limitations in options or increased costs, which would be less appealing to someone seeking insurance.

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