Things To Know About Combined Insurance Policies
Combining home and auto insurance policies can offer several advantages, both in terms of cost savings and added value. Campbell Insurance Agency provides combined insurance in Omaha, NE, Papillion, NE, Bellevue, NE, Treynor, IA, Council Bluffs, IA and surrounding areas.
These are some key points to consider:
- Cost Savings:
Multi-Policy Discounts: Many insurers offer significant discounts for bundling home and auto policies. These discounts can range from 10% to 25% off each policy’s premium.
Reduced Administrative Costs: Handling multiple policies with the same insurer can sometimes lead to additional savings due to reduced administrative costs.
- Simplified Management:
Single Payment: Combining policies often means one payment for both home and auto insurance, which can be more convenient and easier to manage.
Unified Policy Dates: Both policies typically renew on the same date, simplifying the renewal process.
- Enhanced Coverage Options:
Expanded Coverage: Some insurers offer enhanced coverage options or add-ons at a reduced cost when policies are combined. This could include higher liability limits or additional coverage types.
Customizable Bundles: You may have access to customized coverage options tailored to your needs, such as identity theft protection or personal property coverage.
- Streamlined Claims Process:
Coordinated Claims: If you need to file a claim involving both home and auto damage, having a single insurer can streamline the process and improve coordination.
- Improved Customer Service:
Dedicated Agent: Often, having both policies with the same insurer means you’ll work with a single agent who understands all your coverage needs and can provide more personalized service.
- Additional Perks:
Loyalty Rewards: Some insurers offer loyalty rewards or additional perks for customers who keep multiple policies with them, such as roadside assistance or home repair services.
Bundled Discounts: Look for discounts on other services or products offered by the insurer, like discounts on home security systems or car maintenance services.
- Potential for Negotiation:
Negotiation Leverage: When you’re bundling multiple policies, you may have more room to negotiate terms and prices with your insurer, as they value the overall business you bring.
- Review and Compare:
Regular Review: It’s important to regularly review your combined policy to ensure that it continues to meet your needs and offers the best value as your circumstances change.
Bundling home and auto insurance can be a smart move to save money and increase convenience, but always compare offers and read the fine print to ensure you’re getting the best deal and coverage for your specific situation.
Would you like to discuss? Please give us a call, or email us!