top of page
  • Writer's pictureRolland & Associates

The Benefits of Bundling Insurance Policies: Saving Money and Simplifying Coverage

Owning the right insurance policies is essential in a world with constant risk. However, many insurance policies are expensive. Plus, coverage terms tend to be tricky, with many people spending extra for additional coverage. This makes coverage not only costly but also complex.


By purchasing more than one policy from the same insurance company and “bundling” your options, you simplify your coverage and save money. Here are some of the main benefits of bundling insurance policies:



Simplified bookkeeping

It can be hard to keep up with everything in cases of multiple insurance policies, such as general liability, workers’ compensation, property, and commercial auto insurance. Bundling multiple policies with the same company makes bookkeeping easier and eases the process of renewal when the time comes.


Enjoy discounts

Many insurance companies offer multi-line discounts for customers who want to purchase multiple insurance policies. For example, insurers offer clients discounts for auto and homeowners insurance than if each was separately bought.


The discounts keep adding with the more insurance policies you get, such as when you add a second car or another type of insurance, such as motorcycle insurance. So, rather than purchase insurance policies separately from different companies, why not enjoy the discount offers that bundling brings?


Less agents to educate

Adequate insurance involves explaining the details of what you want to insure to the insurance agents. For instance, with business insurance, you must provide every detail required for the insurance agents to understand the risks adequately. This means that you'll have to expend more time educating each agent for each new policy you want to buy.


The fewer insurance agents you have to educate, the better equipped they’ll be to help identify and address your risks and exposures.


Guarantee that your policies work together

There are often circumstances when two insurance policies have to be in sync. For instance, you may assume that an umbrella insurance policy will cover any deficit scenarios in your commercial auto insurance policy.


However, most umbrella policies only offer such coverage if your chosen insurance company has a fixed financial strength rating. By using the same insurance company and bundling your policies, you’re aware from the start of any loopholes and are guaranteed that your policies can work together.


Reduced security risk

Many insurance companies require that clients divulge certain sensitive personal information. With business insurance, this could be sensitive employee data or other crucial financial details.

Not bundling your insurance policies exposes vital information to more parties than necessary. Why not reduce your security risk by bundling all your insurance policies?


Enjoy the benefits of bundling your policies with a professional insurance company in Ohio

The savings from acquiring multiple policies from the same insurer is often substantial, especially when it involves several policies. Bundling your policies also makes things more convenient and helps you enjoy other benefits. Contact us today, and let’s help you discover what works best for you.

3 views

Comments


bottom of page