Insurance Broker in Lloydminster

Insurance brokers are licenced professionals with expertise in the insurance industry. For example, here at BrokerLink, our insurance brokers can help customers find Lloydminster car insurance, business insurance, home insurance, pet insurance, and much more. We are on a mission to help Lloydminster customers from all walks of life find quality insurance coverage that meets their needs.

Lloydminster insurance coverage you can rely on

Choosing an insurance policy is not a decision that should be made lightly. Given the important role insurance plays, Lloydminster customers must select their coverage with care. If you aren’t sure where to begin when it comes to shopping for insurance, BrokerLink can help. We can help you make the best policy decisions, explain how coverage works, and ensure your chosen plan complies with any applicable requirements. As one of the leading brokerages in Alberta, BrokerLink is pleased to help our customers find any of the following types of insurance:

Business insurance

All Lloydminster businesses can benefit from commercial insurance. Commercial insurance is designed to mitigate the financial risks that come with running a business. We have the expertise and resources to find an ideal policy for every Lloydminster business, whether you own a small retail shop or a multinational corporation. You can trust that a BrokerLink insurance advisor will give you their honest opinion on the right insurance for your company. For example, we can advise you on whether standard business insurance is enough or whether additional coverage might be necessary. We can even offer a professional opinion on which types of coverage are most worthwhile based on the unique risks your business faces.

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Property insurance

Property insurance is one of the most important types of insurance that a Lloydminster resident will buy. Why? Property insurance protects your home, the place where you spend most of your time and most likely, your biggest investment. We can find home insurance for first-time home buyers, retirees, renters, and everyone in between. We can also make expert coverage suggestions to help you get the most out of your policy. For example, many Lloydminster customers wish to add additional coverage to their home insurance plans, such as all perils insurance, equipment breakdown insurance, sewer backup insurance, and more. Based on your preferences and the location of your home, one of our insurance advisors will make policy recommendations to ensure you’re on the right track.

Get a home insurance quote

Auto insurance

Auto insurance is another BrokerLink specialty. Car insurance is compulsory in Lloydminster, so we have helped countless customers find excellent auto insurance plans. Working with a car insurance expert is of the utmost importance, especially if you want to make sure that your policy complies with Alberta law. A BrokerLink insurance advisor will not only make sure your plan meets the province’s minimum coverage requirements but will also offer ways of cutting insurance costs. A BrokerLink insurance broker will also be happy to give you tips on buying your first car, some of which can save you money on auto insurance, or help you with tasks like renewing your car insurance policy, updating it before it renews, or submitting a claim with your insurance provider.

Get an auto insurance quote

Lloydminster insurance for all budgets

Let’s face it, insurance can be expensive. But if you know where to look and who to ask for help, there are many ways that you can keep costs down. For instance, obtaining a quote from just one insurance provider isn’t going to save you money, but shopping around and getting quotes from multiple providers can. By doing this, you will have a clear idea of which policies offer the best value. If researching policy options sounds like a slog, enlist the help of a broker. Brokers are insurance professionals with years of experience researching and comparing policies. They do all the work for you in a single phone call. Plus, they can let you in on other industry secrets for saving money on insurance.

The BrokerLink Lloydminster team has compiled a few of their top tips below:

Buy more than two insurance plans from the same insurance company, bundle them together, and you save up to 15% per policy.
Select the highest possible deductible you can afford if you want to lower your premium on almost any type of insurance, from auto and commercial to home and pet.
Do not agree to a monthly payment schedule for your insurance policy before asking about applicable fees, as some insurers charge a fee for each payment you make.
Rather than automatically renewing your policy without looking at it, take the time to evaluate whether your current policy is still working for you. If it isn’t, update it according to your current coverage needs or work with a broker to find a new policy at a better price.
If you’re in the market for a new car, purchase a hybrid or electric vehicle and you could save 5% on Lloydminster car insurance.
Enrol in a defensive driving course in Alberta to qualify for an auto insurance discount (this is great for young drivers whose premiums are often high).
Install a security system in your workplace or home and an anti-theft device in your car to keep them safe and pay less for insurance.
Install winter tires on your Lloydminster car and leave them on for the time period specified by your insurance company to be eligible for a snow tire car insurance discount.
Drive as safely as possible and keep your record clean and you could benefit from a safe driver discount.
Equip your car with a telematics device or use a similar mobile application on your phone to get a discount for your safe driving habits.
Install a sewer backup prevention device in your home to mitigate the effects of a sewer backup and save money on property insurance.
Consider several factors before buying a new home in Lloydminster, such as whether it has a pool, the age and condition of the roof, electrical system, plumbing system, and HVAC systems, and where the nearest fire station or fire hydrant is located, all of which can influence insurance costs.
Buy a home without a mortgage or pay your loan off quickly to qualify for a mortgage-free property insurance discount.
Come up with a quality risk management plan for your business and implement it.

Work with a BrokerLink insurance advisor in Lloydminster

Our final piece of advice for saving money on Lloydminster insurance is to work with an insurance broker. As mentioned above, all we want is to find our customers great coverage at a great rate. Since we know the insurance industry so well, we can provide all sorts of tips to help you get a reduced rate, we can even help you with basic tasks like changing house insurance. We can also walk you through the wide array of insurance discounts that are available to Lloydminster residents. Start saving today by getting in touch with BrokerLink Lloydminster.

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A step-by-step guide to buying insurance from a Lloydminster insurance broker

You might be surprised to learn just how easy it is to buy insurance through an insurance broker. If you’ve never bought insurance in the past or have only gone through an insurance agent directly, we’re confident you’ll love the experience of working with a broker. Below is a step-by-step guide to buying insurance from a BrokerLink insurance expert. No matter what kind of insurance you’re looking to buy, we guarantee your experience will be seamless from start to finish:

1. Get in touch with a Lloydminster insurance broker from BrokerLink

BrokerLink has insurance experts all across Canada, with 200+ branches, there is sure to be a branch near you. Your first step to buying insurance through a broker is to contact your local broker and inform them of your insurance needs. If you prefer to reach out from the comfort of your home, you can contact your local BrokerLink branch over the phone or even online.

2. Take it easy while your broker shops around for you

The next step in the insurance-buying process is to relax and take it easy (yes, really). Why? Step two is when your insurance broker does all the work. They reach out to their contacts at insurance companies across Alberta, obtain quotes, compare those quotes, and then get back to you with multiple policy options that meet your coverage and budget needs. All while you can get back to doing what you love.

3. Choose your favourite policy and get covered

Step three is the fun part. Your broker will explain the various policy options available to you and offer an opinion on the best fit for your lifestyle. You can take as much time as you need to review these options before deciding. Once you’ve settled on a policy, your broker will help you finalize that policy, and you will walk away with the coverage you deserve!

We’re in your community

BrokerLink Lloydminster puts the community front and centre. We value our customers, so we strive to create a hassle-free insurance experience. For an insurance brokerage with specialized knowledge of the Alberta insurance industry and a customer-first approach to insurance, get in touch with Brokerlink today.

Contact us

At Lloydminster BrokerLink, we’re here to help you with any insurance needs you may have. Whether it’s insuring your home, car, business, recreational items, or pets, let us help you find the best coverage possible.

You can reach us by phone, email, or in person at any one of our locations throughout Alberta. No matter how you choose to get in touch, a BrokerLink insurance advisor will be happy to assist you. We also encourage you to take advantage of our free online quote tool that can provide you with a competitive quote in minutes.

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Lloydminster insurance FAQs

Can I buy Lloydminster insurance from an insurance broker or an insurance agent?

Lloydminster insurance can be purchased from either an insurance broker or an insurance agent. Insurance brokers and insurance agents are two unique types of insurance professionals. However, both can help customers purchase insurance. Insurance agents work for a specific insurance company and are only licenced to sell products sold by that company. Meanwhile, insurance brokers work for a brokerage and their primary goal is to find the best possible insurance policies for their customers.

Insurance brokers tend to have a wider range of knowledge and can match Lloydminster customers with everything from car insurance plans and home insurance plans to commercial insurance plans and pet insurance plans. Further, brokers, like agents, are also fully licenced, so you can feel safe and secure no matter which you choose to purchase a Lloydminster insurance policy through.

Can Lloydminster insurance be bought online?

Yes, Lloydminster insurance can now be purchased in multiple ways. Many insurance brokers let customers purchase policies online via their website, over the phone, or in person at a local insurance broker’s office. In fact, customers can even choose to utilize a mix of these methods, perhaps obtaining a quote online but finalizing their policies over the phone. Customers should feel free to choose whichever method they prefer, all of which are perfectly safe and convenient.

What is all perils insurance?

When you purchase almost any type of insurance, you are purchasing protection against possible risks. The risks covered vary and are referred to as named perils. The perils named in your policy are what you will have protection against, up to the policy limit. While customers have the option of only including a few specific perils in their policies, they also have the option of purchasing all perils insurance. All perils insurance is one of the most comprehensive forms of coverage and is typically available for home insurance, car insurance, and business insurance. With all perils insurance, you will be protected against the widest possible list of risks. The specific perils covered in all perils coverage vary from insurance company to insurance company, but you can typically expect all perils insurance to cover you against the following:

Fire/lightning
Windstorm
Hail
Theft
Vandalism / mischief
Falling objects
Weight of ice, snow, sleet
Freezing
Damage from electrical current

How do I choose the right insurance coverage?

The “right” insurance coverage varies from person to person. All you can do is select the insurance coverage that you can afford and that helps mitigate the unique risks you face. An insurance broker can help you decide what types and levels of coverage are right for you. For instance, if you’re purchasing car insurance, a broker can outline the pros and cons of various optional coverages, such as comprehensive coverage, accident forgiveness coverage, or collision coverage. Similarly, if you are purchasing home insurance, a broker can suggest whether standard coverage or additional coverage (e.g. equipment breakdown coverage, sewer backup coverage, overland water coverage, etc.) makes the most sense for you.

Should I renew my existing insurance policy or purchase a new one?

This is a tricky question that many customers ask themselves at one point or another. To determine whether your current policy is worth renewing or if you’re better off purchasing a new one, we recommend consulting with an insurance broker. An insurance broker can review your existing policy and will ask questions about your preferences and budget. From there, they can offer an unbiased, objective opinion on whether it makes sense to stick with your current policy or not.

Should you decide to renew your policy, a broker can also help you navigate this process. Further, if you want to renew your policy but wish to update it slightly by changing your coverage, limits, or deductibles, a broker can also help you do that. Alternatively, if you opt to purchase a brand new policy, an insurance broker can shop around for you to help you find new coverage at the lowest possible rate.

Is insurance mandatory in Lloydminster, Alberta?

The answer to this query is dependent on the type of insurance being discussed. If we’re talking about car insurance, then yes, it is mandatory for all drivers in Alberta. However, if we’re talking about business insurance or home insurance, then it depends on your unique circumstances. For instance, if you have a mortgage that you’re still paying off or you rent a home in Lloydminster, then homeowner’s insurance and tenant insurance may be required, respectively. The best way to find out more about Lloydminster’s insurance requirements is to contact an insurance broker with knowledge of the local insurance industry.

How can I get cheap insurance in Lloydminster?

Insurance can be expensive, but there are ways to qualify for cheaper rates. An insurance broker can provide a list of tips and secrets to help you save money on any kind of insurance. For example, a broker can inform you of the cost savings that may come with bundling multiple insurance policies together, selecting a higher deductible for your policy, or paying for your policy annually rather than monthly. Of course, a broker can also discuss the wide range of insurance discounts that may be available to you.

What is the importance of liability coverage?

Liability coverage, whether it is being discussed in the context of home insurance, car insurance, or business insurance, is crucial. It protects policyholders against possible legal claims brought against them. Given how expensive a single lawsuit can be, especially when you factor in defence costs, potential settlement fees, and more, adding liability coverage to your policy simply makes sense. While other types of coverage are designed to deal with property damage or medical costs specifically, liability insurance covers it all. In many scenarios, the third party liability portion of your policy can compensate policyholders for legal fees, medical costs, repair bills, and more.

Do Lloydminster insurance brokers offer free quotes?

You will be pleased to learn that many insurance brokers offer free quotes to prospective customers. This may include free car insurance quotes, free home insurance quotes, and even free business insurance quotes. If you would like to obtain a free quote, visit an insurance broker’s website or give them a call.

If you have any questions, contact one of our local branches.