You need good insurance, and good insurance is worth paying for. However, there’s no reason to overpay for good coverage. While there are many ways to save on insurance, one of the best ways to save is by bundling your policies through a local agent.
The term “bundling” basically means you purchase multiple types of insurance coverage from a single insurer. For instance, you might purchase both your home and auto insurance from the same company. If you need motorcycle or boat insurance, you can add that in, too.
Most insurance companies offer discounts to customers who bundle their coverage, but bundling your insurance with a local insurance agent, in particular, can help you save money in more ways than one. Here’s a closer look.
Better Rates
When you purchase insurance from a local insurance agent, they spend time assessing your needs, researching the best policies for you, making recommendations, and explaining your insurance coverage. If you buy multiple types of coverage from the same insurer, there are parts of this process that they only have to go through once, regardless of how many types of coverage you purchase.
For instance, it takes less time for one insurer to provide you with both an auto and home policy than it does for two separate insurers to each provide one policy. In this way, bundling coverage saves your local insurance agent time, and they are therefore able to offer you a better rate. Some insurance companies offer a flat percent discount to customers who bundle coverage. Others simply have a separate, discounted fee schedule for bundling customers.
The Coverage You Need
An insurance policy will not save you money in the long run if it does not offer the coverage you really need. When you bundle insurance with a local insurance agent, they really take the time to get to know you and your needs. They’ll assess your property value, risk tolerance, and personal situation to ensure they’re recommending the best policies for you.
If you bundle coverage, then your insurance agent spends even more time getting to know you, which means the coverage they recommend is more likely to be spot-on. If you one day get in a car crash, damage your boat, or have a fire in your home, you can rest assured you’ll have the insurance coverage needed to protect your financial interests. You don’t get this same assurance when you buy separate, quickly formulated policies from online insurers who don’t take the time to assess your unique needs.
Saving Time
It’s not just insurance agents who have to go through the assessment and sales process each time you buy new insurance coverage. You have to navigate this, too! Separately meeting with a motorcycle insurer, a homeowners’ insurance company, a car insurance company, and a boat insurance company could take up several afternoons.
If you buy all of your coverage from the same agency, you can have just one, thorough sit-down meeting to talk through all of the insurance plans you need. This saves you a lot of time, and the saying “time is money” is certainly true. You can use the time you save to renovate your home, increasing its value. Or, you could spend that time landscaping so you don’t have to hire a professional landscaper. If all you want to do is spend your Saturday playing with your kids instead of shopping for insurance, we highly approve. Time spent with family is priceless. Bundling insurance leaves you with more family time.
A Simpler Claim Process
Everyone hopes they never have to file an insurance claim, but the reality is, most people do at some point. That is why you have insurance in the first place. When you have to file a claim, you’re usually under a lot of stress. You’ve just been in a car accident, or your home has just suffered damage. The fewer calls you have to make, the better.
When you bundle insurance with a local insurance agent, you always know exactly who to call to make a claim. You don’t have to shuffle through paperwork and try to remember which insurance policy was with which company.
Simplifying the claims process in this way saves you time, but it can also help save you money by ensuring that all claims are made accurately. As mentioned above, when you bundle with a local agent, your insurance agent really gets to know you and your needs. As such, they can do a better, more personalized job of ensuring your claim is filed accurately and in a way that maximizes your payout. There’s far less risk of your claim being falsely denied, or of you receiving a smaller payout than you deserve.
Bundling your insurance with a local insurance agent is definitely the way to go — both for savings and convenience. If you’re looking for a dependable insurance agency in Florida, contact Flagler County Insurance Agency. For more than 100 years, we have been offering personalized property, auto, personal injury, commercial, and recreational insurance. We’re happy to assess your needs and bundle together the policies that are right for you.