A recent study conducted by J.D. Power and Associates found that around 65% of people bundle their insurance to save money. If you want to find out how bundling home owners insurance can save you money, keep reading.
Why Does Bundling Insurance Save Money?
First and foremost, it is the goal of the insurance company to get as many people on their insurance as possible. They want to get as many policies under their belt as they can so that they can turn a profit. This is not a bad thing, it is just good business. When an insurance company is able to bundle policies for one policyholder, it does two things. It saves money and hassle for the policyholder and it gets more premiums for the insurance company.
It is a win-win arrangement where both parties are going to benefit. Insurance companies are able to offer discounts when you hold more than one policy as a means of enticing you to use their insurance company and as a means of getting more business at the same time. This is a great thing. The more policies you bundle, the better your savings are going to be.
Why Bundle Your Policies?
Bundling saves you money, time, effort, and trouble. It is far simpler to have one insurance company that you pay premiums to than it is to have several. It is also easier to make a claim if you only have one insurance company to keep track of and to file with. You can also save money, you can get special discounts, and you can make your life easier and more efficient as well.
Most insurance companies offer great policies with discounts if you do decide to bundle and an agent can talk you through the best policies for you and the best overall policies for your needs. Bundling is a great way to save time and money and to ensure that your insurance needs are met and that your property is fully protected and fully insured in case anything happens and in case any trouble or issue arises.