By Martin Johnson III | July 6, 2018

Could You Benefit from Bundling Your Insurance?

Bundling Your Insurance

insurance companyTrying to find the right insurance policy can be overwhelming, to say the least. Insurance is something everyone who owns a home or a car should have. But unfortunately, it’s not always easy to find an affordable plan that offers good coverage. This is why many people decide to bundle their insurance plans. Bundling, or buying more than one insurance policy through the same insurance company, can be a great option for a lot of people. But how could you benefit from bundling your insurance?

It saves you money: The most obvious benefit of bundling insurance is saving money. When you bundle insurance, like putting your car insurance and your homeowners insurance together, you can see a decrease in rates for both plans. When you combine policies through the same insurance agency, you’re setting yourself up for some great savings opportunities. Because you’re choosing multiple insurance policies through the same provider, the insurance company is going to reward you for your business. So if you’re looking for an easy way to save on insurance, looking into your bundling options is a great place to start.

It’s more convenient: In 2016 alone, 5.3% of homeowners filed an insurance claim, according to ISO data. Because insurance is something that you’re going to be dealing with a lot — whether it’s making payments or choosing plans — you’re going to want the most convenient option possible. And when you bundle your policies, one of the first things you’re going to notice is how convenient it is to work with just one insurance company. No more trying to remember different payment dates, piles of paperwork, or contact information for all of your different insurance companies. Overall, bundling insurance is a great way to make dealing with insurance policies easier and more convenient.

It avoids coverage gaps: When you have all of your insurance policies through one provider, you’ll have a higher chance of avoiding coverage gaps. When you have to deal with multiple providers, or switch providers due to policy changes, you may find yourself facing a lack of coverage for a period of time. This can be detrimental, especially if something happens during this time. So to avoid having to sacrifice coverage and ensure your personal property is fully protected, working with one provider and bundling your policies could provide to be beneficial.

When you find an insurance company that offers great policies and friendly customer service, consider bundling your plans with them. Bundling can offer convenience, security, and even potential savings.

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