Get A Quote Contact Us Home Page
  • Home
  • Get A Quote
    • Annuities
  • Blog
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About Benson Insurance
    • Location Map
    • Partners
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Home > Blog > Bundling Your Insurance
FRIDAY, FEBRUARY 24, 2017

Bundling Your Insurance

Why would bundling your insurance be good for you.

The upfront savings of money on policies is a very strong motivator, of course, however it's not the only reason for bundling your insurance. One advantage for purchasing multiple policies with only one company is you gain familiarity with that provider. Yet you also may benefit from paying only one deductible on a claim that otherwise would involve several carriers.

What's a deductible? This is the amount you agree to pay out of pocket when a claim is made on an auto or home. For example, if your home suffers $6,000 worth of damage from a hailstorm and you have a $1,000 deductible, you'd pay the deductible and then receive $5,000.

But what if, under the same scenario, your car is damaged in the same hailstorm? If you don't bundle, you might have to pay the $500 auto insurance deductible and a $1,000 home insurance deductible and that’s before you received help from your policies. Some providers, when you bundle coverages, have a single deductible requirement – though usually you have to pay the larger of the two deductibles.

Jeff Benson
503-446-2244
BensonInsuranceServices.com
Posted 7:32 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2017


View Mobile Version
 
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
 
Social Media
HELPFUL LINKS: Home About Us Get A Quote Blog Contact Us

1400 NE 48th Ave. Suite 200A | Hillsboro OR, 97124
P: 503-446-2244 | info@bensoninsuranceservices.com
Live Better By Saving More
© Copyright Benson Insurance Agency. All rights reserved. Powered by Insurance Website Builder
Automobile Insurance Homeowners Insurance Life Insurance Renters Insurance
RSS