Keeping it All in the Family: Benefits of Bundling
When it comes to insurance, keeping all your coverage together through one Agency is often your best bet. Doing so allows your insurance advisors to take a comprehensive approach to protecting all your assets while saving you time and money. You’ve worked hard to invest in that home, car and overall lifestyle and if you have each asset insured through a separate Agency or carrier you could fall victim to some large insurance gaps. Consolidating all your insurance in one place gives you three key benefits.
1. Protect Your Assets
Many may not realize that insurance is very interconnected. If you’re in a large car accident, for example, and don’t have enough insurance coverage to pay for the damages, those you injure could attempt to seize your investment in your home. You can work with your insurance advisor to minimize this risk by first making sure you have proper insurance for your car and then considering other asset protection tools such as a personal umbrella.
We always advise clients to have at least as much asset protection as what their assets are worth. So if your insurance advisor is only familiar with the value of your car and coverage there, other large investments like a home, rental property or savings account could be at risk. Your insurance advisor can most effectively deliver on his/her commitment to provide the proper level of protection when s/he has a clear understanding of all a client’s assets and insurance limits. This approach is maximized when done in tandem with a financial planner or asset manager. Those professionals are able to identify what it is you have to protect, and your insurance advisor can then properly protect it.
2. Protect Your Time
Partnering with one Agency can save you time by providing you with one point of contact for everything insurance. From payments to claims to annual reviews, having everything with one Agency that knows you, your family, and your community simplifies the insurance processes. And since time is money, let’s explore how else consolidating all your assets with one insurance advisor can save you some more of that money…
3. Protect Your Money
Almost all insurance companies offer substantial discounts for clients who combine multiple policies. We’ve seen clients save literally thousands of dollars just by consolidating their insurance with one carrier. When you have all your coverage with one Agency, your advisor can make sure you benefit from multi-car discounts as well as home + car + umbrella + business insurance protection options.
At The Weiser Agency, our goal is to help give you peace of mind that your time, your lifestyle, and your loved ones are protected. Learn more about our life insurance offerings by clicking here or giving us a call directly at 805-984-3777. Our entire Weiser Agency team will work as your thought partner to ensure your loved ones are protected.