You probably don’t think about your insurance very often. Once your policies are in place, it’s easy to put them on autopilot. But life changes — and your insurance coverage should change with it.
That’s why we encourage our clients to review all their insurance needs with us periodically. It’s not just about finding another policy. It’s about making sure the different pieces of your insurance program work together.
Could You Benefit from Bundling?
You’ve probably seen insurance companies advertise the benefits of “bundling” your insurance. There’s a good reason for that. Having your Auto and Homeowners Insurance with the same company may qualify you for a multi-policy discount. Depending on your situation, combining policies can potentially reduce your overall insurance cost. But the benefits can go beyond price.
When your policies are spread across different insurance companies—or even different agents—it can be harder to see the big picture.
What About Coverage Gaps?
Consider a few examples:
You Have Auto Insurance but No Homeowners Insurance
Maybe you recently purchased a home but haven’t reviewed your Auto Insurance at the same time. Combining your policies could help you find discounts while ensuring your Auto and Homeowners coverage work together.
You Have Auto and Homeowners Insurance but No Personal Umbrella
Your Auto and Homeowners policies provide liability protection, but you may have assets or income that could benefit from additional liability protection. A Personal Umbrella Policy can provide an additional layer of liability coverage above certain underlying policies.
You Run a Business from Your Home
Working from home is common, but a Homeowners Policy may have limitations involving business property, equipment or business-related liability. If you operate a business from your home, it’s worth discussing whether additional Business Insurance is appropriate.
You Own a Boat, ATV, Motorcycle Or RV
These types of vehicles and recreational property may require coverage that isn’t included in your standard Auto or Homeowners Policy. A review can help determine whether they have the protection they need.
You Have Insurance with Several Different Companies
Having multiple insurance companies isn’t necessarily a problem. In fact, there can be good reasons to use different insurers.
However, it can make it more difficult to identify potential discounts and coverage gaps. Having an agent review your policies together can give you a clearer picture of what you have — and what you may be missing.
A Review Doesn’t Have to Mean Buying Something
Our goal isn’t to sell you insurance you don’t need. It’s to understand what’s changed in your life and make sure your insurance keeps up.
Have you purchased a home? Started a business? Bought a recreational vehicle? Added a teenage driver? Built up savings or other assets? Started working from home? Any of these changes could be a good reason to review your insurance.
If it has been a while since we’ve looked at your overall insurance picture, give us a call. We can review what you currently have, look for potential gaps, and see whether combining policies makes sense for you.
Sometimes the result is better coverage. Sometimes it’s a potential savings opportunity. And sometimes, it’s simply peace of mind that comes from knowing your insurance is keeping up with your life.
