Insurance Packaging & Bundling
Perhaps you’ve heard about bundling insurance, but maybe it’s just a vague idea or concept. Here we’ll give you the low-down on what’s important for you to know, plain-and-simple.
Many major insurance companies offer bundled insurance plans at a savings of 15-30% as an incentive for you to buy more of their services. For example, if you’re currently spending $2,000 between your insurance plans, a bundling discount of 15%- 30% would save you between $300 and $600 per year- an easy choice if you like saving money.
Most of the time, we deal with multiple agents from different companies when setting up and managing our insurance plans. Obviously, this takes time, and a bundled insurance option lets you deal with less people. This makes the process more streamlined, time-efficient, and ultimately less stressful for you.
AVOID COVERAGE GAPS
Bundled insurance provides the benefit of closing gaps in coverage. For example, if you accidentally back your car into your garage door, your auto insurance provider may tell you this should be covered by your home insurance, and your home insurance provider may argue that your auto insurance should cover it.
Maybe you’ve been in a situation similar to this, where both companies try to avoid paying, and you know how frustrating it can be to try and resolve these claims. Bundling insurance is a valuable safeguard from these potential gaps in coverage.