Your Insurance Shouldn’t Be Alone This Valentines Day!
Why Should I Care If My Insurance Is Bundled Together?
Like many of our favorite things, they’re just better together. Think of PB&J, Hot dogs at a baseball game and especially strawberries and chocolate; one is great, but they’re definitely better as a package deal! From creating cost savings on your insurance bill, to making life more convenient, insurance policies work best when bundled.
Your Insurance is very similar, at least when it comes to being better together!
The Cost Savings
Most insurance companies offer deeper discounts or even lower premiums for customers who bundle their primary property and auto insurance policies. This would include our home, condo or renters’ insurance and get the auto with the same insurance company. According to a recent Forbs article, insurance customers save 14% on their insurance bill when they bundle these fundamental coverages!
One key aspect of bundling your policies is that you will have just one insurance company to communicate with when the need arises! North Town Insurance clients get the additional benefit of having our team available to assist with policies changes and claims counseling, without even having to call up the main carrier in the first place! The majority of companies have sophisticated and easy to use mobile apps that make access all of your insurance as easy and efficient as possible, all in one place.
Increase Coverage Options
Having multiple policies with the same company can often provide you with access to additional coverages. For example, specific companies will only offer an umbrella policy if you have both your property and auto insurance within their company. While this isn’t the case for every insurance company, getting more options in coverage and saving money, is definitely an improvement!
Speaking of bundled love, you can compound the benefits of bundling your insurance policies with additional loyalty bundle discounts! Some companies offer an exclusive loyal discount or reward for customers who bundle their policies. These benefits can include lower deductible, accident forgiveness or even additional coverages at no extra cost. It doesn’t hurt to shop your insurance; carriers are starting to give more benefits to customers to reward the positive relationship.
Enhanced Customer Service
An area that becomes incredibly important, especially when you need help with your policy or need to file a claim. The fact is customers with multiple policies within an insurance company tend to get a perceivable improvement when interacting with customer service members. While this is not always the rule and varies from case to case, customers can experience a faster claim experience and a smoother overall experience.
Have a Single Deductible
Some companies, such as Progressive, apply one deductible to bundled home and auto policies if the damage is done to your house and car in one event. For instance, if a bad storm causes a tree to fall, damaging both your car and home, with a single deductible you’d pay one deductible for the incident instead of two separate deductibles.
While insurance customers will generally receive the largest bundle discount from their primary property and auto insurance, other policies can be applied! If you have:
you can still receive additional discounts for keeping these policies within the same insurance company. These bundle discounts aren’t usually as large as with the property policy, but every little bit helps!
Bundling our insurance policies gives us plenty of green flags! Saving money is always great, then include additional coverages and perks, it’s a bundle love worth nurturing! Every company is different, so make sure to connect with us to find the best company to get the best bundle for you!
If you’re looking for a fresh and engaging insurance experience, visit the group at Northtown Insurance for all your insurance questions and needs!
Fine Print: This is a general overview with the intention of bringing awareness to coverage options and general industry standards. Coverage varies between carriers and states. Check your policy for specifics.