Insurance is something everyone needs, but trying to find reliable protection at an affordable price can be challenging. This is especially true if you’re shopping for more than one type of coverage. Under these circumstances, insurance agents often suggest bundling policies, which means buying multiple plans through the same provider. Here are some of the top benefits this option offers.
Reasons to Consider Bundling Your Insurance
1. Save Money
The majority of providers give a multi-policy discount for purchasing more than one kind of coverage from them. The exact savings will depend on your insurer and the policies you buy, but it can be a substantial amount that reduces your premium costs significantly.
Bundling policies eliminates the hassle of dealing with multiple providers. All of your insurance information will be handled in one place, which cuts down on paperwork, makes your coverage much easier to manage, and streamlines the claims process. Additionally, you will have just a single monthly premium and renewal date to remember.
3. Single Deductible
When coverage is bundled, some insurers only charge policyholders one deductible if they experience a loss from the same event that applies to multiple policies. For instance, if a storm damages your home and vehicle, and you carry both insurance plans with the same provider, you would just be responsible for paying whichever deductible is higher.
4. Build a Relationship With Your Insurance Agent
Using one provider also means you will have one insurance agent to refer to when you have questions or need to file a claim. They will get to know you and your specific coverage needs, allowing them to better advise you on customized policies and discounts that fit your situation.
Home and auto coverage are the most common kinds of policies bought together, but there are typically several other products that can be bundled, as well. To explore all the possibilities with an experienced and knowledgeable insurance agent, contact Shelter Insurance® - Michael Flynn. Proudly serving residents throughout St. Charles and St. Louis County, MO, he can help provide the protection you need for many aspects of your life. You can rely on his industry expertise to find you the best rates available without compromising on the quality of coverage. Call (636) 441-8177 to schedule an appointment or visit him online to request a quote.