Homeowners, health, auto, life: Many people need multiple insurance policies to protect what matters most to them, and it’s common to buy these policies from multiple providers. If you were to purchase all your coverage from the same insurer, though, you could end up reaping quite a few benefits. Here’s a closer look at the benefits of bundling. 

Why You Should Bundle Your Insurance Policies 

1. To Save Money 

Generally speaking, insurance providers will offer discounts to clients who bundle their policies. For most people, this is the biggest advantage of remaining loyal to one company.

That doesn't necessarily mean you should stop shopping around, though, when purchasing a new policy or renewing an old. Even with the bundling discount, there may occasionally be cheaper policies available elsewhere, so let your agent know you’re still open to buying from other insurers when it makes financial and coverage sense. 

2. To Override Liability 

Insurers value loyalty. After all, it costs five times more to sign a new customer than to keep an existing one. As such, insurance providers are inclined to extend coverage to even the riskiest individuals—as long as they're already existing policyholders.

That means if you’re struggling to find auto insurance because of a couple of fender-benders or homeowners insurance because of a large dog on the premises, your best bet may be turning to your current provider.  

3. To Simplify Payments & Claims

If all your coverage is from the same provider, you only have to learn how to navigate one system for submitting payments and claims. Depending on the arrangement, you may also only have to submit one payment per period. In other words, you can spend more time doing things you actually enjoy and less time paying bills. 

For all your coverage needs, including auto, life, homeowners, flood, and professional liability insurance, turn to Seeman Holtz. Based in Boca Raton, FL, this agency is proud to serve individuals and businesses nationwide. They also assist with risk management and financial planning for the ultimate in security. To learn more about the broad range of products they offer, visit their website or call (800) 991-3592.