To start, your broker of record is who you authorize to manage your insurance policy and communicate with your insurance company. A broker negotiates terms, obtains quotes, and manages claims on your behalf. In other words, your broker is your primary contact for your insurance policy and the intermediary between you and your insurance company. Your broker should also be proactive in helping you make sure you have the right coverage for your needs at a competitive price. It’s common to have multiple brokers for different types of insurance and policies—such as auto, home, life, and others.
A broker of record transfer is the process of changing your broker for a given insurance policy or a bundle of policies. It requires completing a broker of record transfer request form, a formal document that authorizes the new broker to take over the policy's management, all while staying with the same insurance company.
Based on their current insurance company, some Valon homeowners may qualify to transfer their homeowners insurance broker of record to our trusted partner, VIU by HUB, and receive the many benefits they offer. Transferring your broker of record costs nothing, and your current insurance policy and carrier remain the same. Learn more here.