Nowadays, owning a car is a necessity rather than a luxury.…
Your home and vehicle are probably two of the most valuable assets you own, which is why you need insurance for both. Bundling home and auto insurance policies is a cost-effective way to protect your belongings.
Buying an insurance policy is not only important, but also mandated by law in some states. For example, it is compulsory to have car insurance in Florida.
The concept of insurance is rather simple. You are required to pay a yearly or monthly fee to a company to insure your vehicle and property for a specific time period. Against that, the insurer offers coverage for financial losses if your home or vehicle gets harmed in any way. In other words, for a small fee, the insurance company bears the risk of financial losses you may incur due to life’s uncertainties.
Why should you opt for insurance with AC Insurance Services? Here are several benefits of signing up for insurance policies with them:
- They provide comprehensive financial protection against unexpected losses.
- You can maintain your standard of living by avoiding large, unexpected expenses.
- You can eliminate financial dependency by making sure your financial risks are covered.
- You may achieve peace of mind knowing that your home or car will be taken care of in case of any unforeseen circumstances.
- Having an insurance policy ensures stability and relieves stress during difficult times.
What is Insurance Bundling?
Insurance bundling refers to the purchase of more than one insurance policy from a single insurance carrier. It entails combining multiple types of insurance into one policy.
Bundling is formally known as a multi-policy discount or multiple line discount. Choosing to bundle insurance policies saves time and money. It also consolidates and streamlines the billing process. Opting for a bundle can help your insurance provider get a better overall picture of your insurance needs.
Even if you currently have your home and auto insurance with two different companies, understanding bundling is easy. Make sure you understand the basic details of each policy and the coverage you are presently paying for.
Most of the details regarding your policy are stated in your insurance carrier’s respective declaration pages, which you receive near the beginning of your policy term. They may also be available on the company’s web portal or mobile application.
The various kinds of policies provided by A.C. Insurance Services include discount auto insurance, homeowner’s insurance, business insurance and marine insurance.
When it comes to home and auto insurance, AC Insurance Services offers an extensive range of coverage.
This encompasses residential buildings and the items kept in those buildings up to the plan’s limits. The policy is designed to protect homeowners from liability.
The policy includes repairs and replacement of any damages covered in the plan. Other eventualities it safeguards against include theft, damage, fire, water and financial responsibility from any guest being injured on the premises. Home insurance is offered for:
- Single family homes
- Rental properties
An added advantage is that wind mitigation features offer significant discounts. You are eligible for a discount if your house has one of these features.
- Hurricane protection on all your doors and windows
- Hip roof
- Roof-to-wall connections installed with hurricane clips/straps
- Florida building code-approved roof covering
In order to purchase home insurance, you will need to submit the following information to your insurance company:
- Personal information (such as driver’s license and social security number)
- Address of the house
- Information on recent repairs or renovations, including their cost
- Information about the house’s present condition (you will be required to mention aspects that need attention. Is the roof old? Is the air conditioner leaking?)
- A home inventory
Homeowners’ insurance usually covers physical damage to the house, damage to other structures in the premises, such as fencing and sheds, personal property damage, additional living expenses, comprehensive personal liability and medical expenses. Without a thorough insurance plan, homeowners may have to deal with high repair costs in the event of a crisis.
Only few people can afford repairs, health care costs and legal expenses in case of auto collisions and injuries. An auto insurance plan can safeguard you against the financial costs arising from an accident.
Auto insurance is not only vital but also mandatory in Florida. Auto insurance includes personal injury protection, property damage liability, bodily injury liability, and uninsured motorist coverage. According to law in Florida, you are required to have $10,000 personal injury protection and $10,000 property damage liability.
AC Insurance Services provides:
- Car insurance for teenagers
- Commercial auto insurance
- Personal auto insurance
- RV insurance (coverage includes Vacation Liability, Full Timer’s, Emergency Expense, etc.)
For buying an auto insurance policy, you would need to provide details about your car, households, and the drivers, to the insurance provider.
Why Should You Bundle Home and Auto Insurance?
It is usually viable to bundle as many insurance policies as possible with the same insurance carrier. Home and auto insurance is the most common bundle subscribed by people.
You can expect a satisfying discount if you buy both home and auto insurance from AC Insurance Services. Some of the advantages of insurance bundling include:
1. Cost-effective plan
According to the Insurance Information Institute, bundling can help you save a good amount of money. Premiums are easy to pay every month, allowing you to save substantially. AC Insurance Services offers good discounts at competitive market rates.
Bundling home and auto insurance may feature substantial dividends if your home and car have been damaged in the same disaster. Coverage perks allow you pay for large, unforeseen expenses in case of damage. You would have to pay only one deductible that would cover losses to both your home and car.
Normally, people opting for the most coverage save the most with bundling. Therefore, the more plans you combine, the more money you will save.
2. Increased customer satisfaction
AC Insurance Services can help you choose financial protection tailored to your specific needs and inform you of the available discounts when you request a multi-policy quote. We offer excellent customer service by making sure there is no room for dissatisfaction.
Our representatives are available on the phone, or you can simply choose to walk-in without prior appointment. We also provide you with a free quote on our website.
3. Reduced paperwork
Bundling offers the simplicity of dealing with a single insurance company, ensuring fewer hassles for the client. You have a one-stop-shop where you can check all your policies, make claims and pay premiums.
People usually buy insurance based on convenience and the initial price. However, in many cases, they may get confused because of the multitudes of insurance carriers available. If you don’t want to go through the stress of consulting and dealing with multiple insurance providers every month, and possibly overpaying for your premium, choosing to conveniently bundle your insurance plans is the solution you are looking for.
Bundling makes managing policies easier. It also reduces paperwork and saves the time it takes to remember usernames and passwords for logging into different portals.
With insurance being an already complex process, small conveniences go a long way. Bundling allows you to pay all premiums from one place, interact with one set of agents, navigate a single website, and understand only one company’s claims processes.
Purchasing two or more insurance policies from the same company eliminates the inconvenience of communicating with multiple insurance companies when filing a claim or renewing your policy. The options are flexible if you need to make any changes.
By choosing to bundle your home and auto insurance policies with AC Insurance Services, you enjoy the following additional benefits:
- A solution for insuring a risky home and valuable vehicle
- Take advantage of our varied combination of policies, which is quite reasonable
- Quick and effective troubleshooting
If your family has more than one car or more than one home, you are in a prime position to save money from bundling. A 2015 J.D. Power study has found that 65% of Generation Y bundle their insurance as compared to 78% customers of other generations. This is because younger people tend to buy insurance policies as per need rather than buying all at once. However, it also concludes that bundlers are generally more satisfied than non-bundlers.
Another source confirming the advantages of bundling is research conducted by the University of Chicago Booth School of business. It affirms that bundling is like an insurance solution that takes care of everything.
Most people value a sense of having a complete solution. In the US, consumers save an average of 25% when they bundle home and auto insurance. With home and auto insurance being a popular combination, there is a good chance you will save a substantial amount of money.
Beyond these advantages, there are a few other reasons bundling would prove beneficial:
- In case you find the price of the bundle higher than some individual policies, it may still be a good idea to opt for the bundle if you face difficulty searching for a company to insure your risky home.
- Having an auto insurance plan with a company that also offers homeowners’ insurance may provide that company with more incentives to insure your home, even if there is a high level of risk.
- Having more than one policy with a single insurance carrier will make them less likely to drop you.
If you choose to opt for bundling, everything will be consolidated, which would save not only your money but time as well. You will have one agent to help you with both the products. This will allow you to build a stronger and more comfortable relationship with them.
Bundling home and auto insurance will also make it easier for us to assess your coverage from year to year, making sure it still fits your needs. If you purchase a new house or vehicle, the company will re-evaluate your current situation and assure there are no gaps in coverage. Any necessary discounts will also be applied and changes will be initiated as per requirement.
When is It a Good Idea To Bundle Insurance?
There is never a bad time to opt for bundling. Certain life events may help you save money. For instance, if you’ve recently purchased a home or gotten married, you may want to purchase insurance.
A good insurance plan can help newlyweds save on their auto and homeowners’ premiums. The sooner you get going, the sooner you can enjoy the benefits. The choice of bundling is generally available at the beginning of the application process. However, the option of combining home and auto insurance policies with one company later on is also always open.
It is important to compare the total price of individual policies with the bundle. When you do so, you will find great discounts with us. The best way to gauge the benefit from bundling home and auto insurance is to receive a free personalized quote. All you have to do is enter basic information about yourself, your car or your home and get a quick cost estimate.
Your vehicles and home are the two most prized possessions that you would want to protect against unplanned damage or disaster. The more types of insurance you bundle, the more money you will save. Think about your insurance needs and consider any changes or updates you want to make to all your policies.
AC Insurance Services offers convenience, an efficient online user experience, comprehensive coverage and good rates. You will find that we are a brand you can put your trust in. If you have any questions regarding your policy or for bundling policies, please call us at (561) 432-6630.