29 Jan, 2016
No, not that kind of bundling. We’re talking about insurance bundling. We’re talking about having your home, car, life, and say, boat insurance under one policy, or with one insurance company. -That kind of bundling. So is insurance bundling necessary? Well, there’s a long and short answer, and for us in the digital age, we almost always want the short answer. So, here it goes: bundling is never necessary, however, it is necessary if you want to achieve these four things . . . Potentially save 25% on your premium. We’ve seen homeowners who have saved up to 35% on their home, car, and life insurance. True story. Have the ease and convenience of paying one bill and having a consistent source of insurance history and claims records. Avoid having to pay different deductibles for different policies. This feature is beneficial if you live in catastrophe prone areas where all your property could be damaged at the same time. Have a smoother and more streamlined claims process during claim time. With a bundled policy, you’ll deal with one company and the claim adjuster(s) they’ll send to assess your home and car damages (i.e in the event of a fire), will already have your case in one place. This convenience can’t be underestimated during a time of a disaster. The long answer is, you really have to shop around and take everything into consideration, like getting the right protection and your overall insurance costs. Then you have to ask yourself: “ am I bundling for a discount, or am I packaging for protection? ”