According to the Globe and Mail, insurance brokers receive lavish vacations and other perks from insurance companies. My own brief encounter with insurance brokers didn’t reveal any conflicts of interest, but it did leave a bad taste in my mouth.
Continuing yesterday’s story of my home insurance company dropping me, my next step was to try to find another insurance company to take me on. I decided to try an insurance broker and called a few. None answered the phone. I left messages and when I didn’t get a call back by the next day, I called a few others.
In all I called 15 insurance brokers. Only one had a human answer the phone to take a message. After I left a second message with one broker, I got a call back from a guy who took some information, promised to call back again, but never did. The entire experience was baffling. Something big must have been happening in the industry at that time.