Insurance Brokers in Milton Keynes

Checking a broker is authorised

Insurance brokers in the UK must be authorised and regulated by the Financial Conduct Authority (FCA) to arrange or advise on insurance. You can confirm a broker's status on the FCA's Financial Services Register using their firm reference number, which reputable brokers display on their website and paperwork. Many brokers are also members of the British Insurance Brokers' Association (BIBA), which sets professional standards for its members.

Getting the right cover

Before you buy, be clear about what you need covered and read the policy wording, including exclusions, excesses and any conditions such as security requirements. A broker should explain how a policy compares with alternatives and disclose any fees. Keep a record of the information you provide, as giving accurate details helps avoid problems if you later need to make a claim.