Some things are just better in pairs. Chocolate and peanut butter, mornings and caffeine – even your homeowners and automobile insurance policies.
When it comes to managing your insurance needs, there are many reasons why placing your respective coverage on a monoline can be beneficial, from lower payments to a streamlined claims process. Here’s a look at all the ways a home and auto insurance bundle can make things a little simpler.
The Benefits of Bundling Home and Auto Insurance
Cost Goes Down, Savings Go Up
One of the most compelling reasons for bundling home and auto insurance is the potential for cost savings. Insurance companies often provide substantial discounts to folks who purchase multiple policies from them, and this discount can lead to significant savings over time.
Managing Policies Made Simple
Handling and keeping track of multiple insurance policies sometimes feels like a juggling act and can be rather time consuming. Bundling your auto and homeowners insurance simplifies the process by consolidating your coverage under a single provider. This can make it easier to keep track of payments, yearly renewals and policy updates. Instead of dealing with separate companies, you have a single point of contact for all your insurance needs, streamlining communication and any remaining administrative tasks on your end.
Improved Coverage Options
When you bundle your auto and home policies, you may gain access to enhanced coverage benefits that aren’t available with standalone policies. These additional perks may include higher liability limits, identity theft protection and increased coverage for certain types of claims. Bundling can also make you eligible for special programs or rewards offered by the insurer, like the ability to purchase an umbrella policy. This kind of policy provides coverage if the damages exceed the liability limits on your auto and homeowners policy.
Easier Claims Process
In the event of a claim, having both auto and homeowners insurance with the same provider can lead to a more efficient process as coordination becomes more straightforward. This alone reduces the likelihood of disputes and delays that can occur when policies are with separate entities. If the claim involves both your vehicle and your home, like in the case of a natural disaster, such a direct line of communication is not only advantageous, but eases the burden on you to facilitate.
As always, it’s a good idea to compare offers from different insurers to allow for the best value and coverage for your specific needs.
Speak with a AAA insurance agent today about bundling your home and auto policies.
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