Is a home and auto insurance bundle right for you?
Generally, bundling together your home and auto insurance is a great way to save money on both coverages. However, bundling isn’t always right for everyone. So, how do you decide whether you should bundle or not? Here’s what you should do to help you decide.
Know Your Limits
If you live in an area that’s prone to certain weather events, you might not actually be able to bundle your homeowners insurance with your auto or another policy. So, before you spend time deciding whether you should bundle your insurance, make sure you are geographically eligible to do so.
Consider Each Policy Individually
While most insurance companies offer various insurance options, these different policies might not be of equal quality. For instance, an insurer could have a great track record of dealing with auto claims, but their home insurance services might be lacking in comparison. Before you bundle, it’s important to look at each policy alone and determine if they will meet your needs. If you find that one policy is inadequate, then bundling simply isn’t worth it.
Determine Overall Costs
Finally, before bundling, it’s important that you compare the features, deductibles, and premiums for each policy. Discounts in one area might be distracting from higher costs in another. Additionally, it’s important that you do not get too caught up in the amount of projected savings. While it’s good to save on your insurance, you should never sacrifice coverage or service to do so.
These are some of the steps that you should take to help you decide if a home and auto insurance bundle is right for you. Looking to find the right home or auto insurance to meet your needs? Then contact the experts at Westwood Insurance Agency. We are ready to assist you with all your insurance needs today.