Tuesday, July 18, 2017

Benefits of Bundling Insurance Policies

When you purchase more than one type of insurance from a single carrier, a bundling discount may be applied that reduces your premiums. While the most commonly bundled products are auto and homeowner policies, you can often bundle other types of property/casualty insurance too. Bundling may save you money in some cases, but in others it may not. When deciding whether to bundle, it pays to talk to the best insurance agency at the Lake of the Ozarks. Check out some of the benefits of bundling insurance policies.

Saves Money

When bundling home and auto insurance, you could save considerably. Adding another policy such as motorcycle coverage can push savings even higher. In addition to reducing your premium, many insurers offer savings on deductibles. For example, some bundle programs let consumers pay only the highest deductible on their bundled policies if multiple assets are damaged. For instance, if a tornado damages your house, car and boat, you will pay one deductible (the highest one). The others are waived.

More Convenient
Convenience is another advantage to bundling. It reduces the amount of paperwork and simplifies policy management. You don't have to deal with multiple insurance companies and there is only one renewal date to remember. If you have a claim, you need to call only one company. 

Better Coverage
When insurers have access to all of the consumer's policy information, the insurance adviser can identify coverage gaps and can readily make the necessary coverage recommendations. Some companies are better at insuring cars than homes, so its important to work with an experienced insurance agent at the Lake of the Ozarks who can examine the protection level on the home insurance policy to ensure the amount of coverage is suitable for your needs.

No matter what your insurance coverage needs are, Insure the Lake can help you find a policy that best fits you. Naught-Naught Agency is an independent insurance agency that has direct contracts with over 50 insurance companies and access to hundreds more through brokerage services. This allows us to shop the insurance marketplace in order to give you the most comprehensive coverage at a competitive price. So, if you're looking to conveniently bundle your insurance policies to help save time and money, give Insure the Lake a call at 573-348-2794!

Request a Free Quote Online! Contact Insure the Lake today for all your Lake of the Ozarks insurance needs! 

About the Author: Steve is a double back-flip insurance ninja. He was named Young Insurance Agent of the Year by the Missouri Association of Insurance Agents in 2010 and is a Certified Insurance Counselor. When he is not helping customers, he enjoys community service, Latin dancing with his beautiful wife and going on adventures with his two awesome sons.

Steve Naught, CIC
3736 Osage Beach Parkway
Osage Beach, MO 65065
Next to Golden Coral