Bundling Insurance: Is it Worth it?

Your personal lines insurance portfolio contains various coverages and policies, each of which may represent a crucial investment. Understanding, acquiring and maintaining the right insurance is essential to ensuring that you, your family and your finances are adequately protected from unexpected accidents and circumstances. Given the various coverage needs you may need to address, making sense of the opportunities presented by bundling policies can be advantageous.

What Is Bundling?

When you bundle your insurance, you’re purchasing multiple types of coverage from the same provider. For example, if you own a home and a car, you’ll likely need both homeowners and auto insurance. Insurance carriers may vary in the products and features they offer, but by exploring a variety of options, you may be able to satisfy several of your coverage-related needs by working with the same company.

Is Bundling Insurance a Good Idea?

Generally, bundling is an advisable strategy. By bundling policies, you may enjoy the following advantages:

• Lower rates—Insurance carriers typically offer lower premiums if you purchase multiple types of coverage from them.

• Fewer points of contact—By working with the same insurer for multiple policies, you may enjoy the convenience of working with the same party for all insurance-related matters.

• Reduced risk of nonrenewal—If you’ve submitted many claims against your insurance or changes in your life have otherwise made insurance providers view you as riskier, you may be less likely to be denied renewal if you’ve purchased multiple forms of coverage.

Get the Right Coverage

Contact World of Insurance in Medford, Oregon, today to learn how bundling coverage can help you achieve ideal premiums while maintaining suitable policies.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.