Car insurance is one of the most important policies you can possess. Yet, it isn't the only policy most people need. Most drivers will need homeowners or renters insurance, along with life and health policies.
Managing policies can seem tricky to some. However, insurers often offer incentives to help consumers stay vigilant with their coverage. One of these incentives is the insurance policy bundle.
Insurance bundles are not for everyone. However, if you find the right balance of policies, you can benefit by bundling them. Talk to your Busha-Okeson Insurance agent about the options you need to bundle.
What's A Bundle?
When you buy more than one of your policies from the same insurer, you'll start bundling your coverage. By doing so, you can often gain quite a few perks from the insurer themselves. These might include:
- Reducing your risk of policy lapses: You can often pay your insurance premiums in one place at one time. You can keep your coverage up-to-date and lower your risk of lapses.
- Qualifying for policy discounts: Insurers often view bundles as signs that a buyer will keep their security in mind. In other words, a bundle can save your insurer money, and show them you are serious about coverage. Your risk profile might decrease, and you might benefit as a result.
- Improving coverage coordination: Depending on the policies you bundle, you can often streamline your coverage. You';ll often be able to create more financial benefits for every asset in your possession.
When Bundling Isn't For You
Bundles are great incentives, but they aren't for everyone. At the end of the day, you need to get the right balance of insurance. That does not necessarily mean buying from the same insurer.
Let's say, for example, that you bundle your car and home insurance. Still, one day, you commit a driving offense and get an SR-22 requirement. Your insurer might raise your premiums, or they might only offer limited coverage because of the offense. However, another insurance company might offer you more affordable coverage with better protection. So, by un-bundling, you might even see better results than you would if you kept your coverage together.
At the end of the day, you must get the insurance coverage that is best for you. So, coverage, rather than the price, should be your primary concern. Work with your Busha-Okeson Insurance agent. Your agent can help you find an insurer that offers bundling and the best protection.