What is bundling insurance – Is it worth it?

Posted in Home & Property Insurance, Personal Insurance Tips

What is bundling insurance – Is it worth it?

As your broker, we are well-versed in the pros and cons of bundling your insurance and we’re here to help you decide if it is the right choice for you! This topic can be confusing and very time-consuming if you typically shop around for your own insurance, and we want to be able to take that burden off your hands. We love shopping your insurance for you and we’re here to answer all of your questions so it can be as simple as possible for you.

What is ‘bundling’?

Bundling means that you are purchasing multiple insurance policies from the same insurance company. For example, if you purchase an insurance policy for your home, car and motorcycle from one insurance company, instead of mixing your various policies between providers, you would be bundling your policies.

By bundling your insurance through a single insurance company, you receive a range of benefits otherwise not available to you. It is highly encouraged by insurance companies because they want your loyalty and your business. Hence, you are typically rewarded for this with loyalty discounts.

Is bundling insurance worth it? How do I know if it’s right for me?

This is where we come in!

We know exactly which companies are going to provide you with the coverage that you need, the customer service that you want and the assistance with claims that you may require. We’re always so excited to get to know our clients so we can share our expertise with you and find you the right provider. If one provider does not meet all of your needs, it’s an opportunity to figure out which ones do!

Bundling is a great option for you if you want:

  • Simplicity at Renewal – Since you’ve gone with a single provider, your policies renew at the same time instead of multiple times throughout the year. Your broker will assess your policies and make sure it is still the best choice for you. If they are, then you’re all done for the whole year!
  • Loyalty Discounts – As we’ve mentioned, a big appeal to bundling is the loyalty discounts. You receive these for purchasing more than one policy with the same company. So if you require insurance for your home, auto, trailer, motorcycle etc., it is always worth it to see if bundling can save you some money. Sometimes there can even be savings for multiple policyholders within the same household!
  • Better Understanding by your Broker – Bundling your insurance means your broker will have a better understanding of your unique needs and will be able to effectively find you the best coverage. Staying with one provider allows your broker to seamlessly bridge any potential gaps in your coverage between policies.  
  • Simplicity with Claims – Big claims that affect multiple assets can be stressful enough. Only needing to make one call to one insurance company after a tree just fell onto your garage destroying your car and motorcycle, can be a big stress reliever. If all of these policies were with different providers, that can be a lot of separate phone calls with many different claims processes. 

Want to find out if bundling is right for you? Chat with a broker and find out!

Contact Us!

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