Saving a Bundle on Personal Insurance
Did you know that bundling your personal insurance policies could save you money? If you have multiple personal insurance policies with the same company, it is considered bundling. When you have a variety of insurance plans with the same insurance company, you have a “bundle” of policies. This is a popular way to increase savings without decreasing your coverage. Furthermore, having all your personal insurance policies tied together makes it more convenient and easier to manage. There are numerous ways consumers can save.
Here are some of the most common ways to bundle your personal insurance:
- Auto Insurance + Home Insurance
- Renters Insurance + Auto Insurance
- Multi-car insurance
- Auto Insurance + Home Insurance + Life Insurance
When we think of bundling, we often assume auto and home, but why not life? Life Insurance is truly about ensuring your family has peace of mind if you are no longer around to support them. It is hard to consider someone not being there, but even more so thinking about surviving independently because there was no life insurance. Life insurance is beneficial, necessary, and most importantly, affordable. Life Insurance costs a lot less than people think. Most companies give a discount on your home and auto for having a life insurance policy. There can be a lot of confusion when it comes time to seek out life insurance because of the numerous options. First, you must understand how much you need.
Here are some questions you can ask yourself when considering life insurance:
- How much of the family income do I provide?
- If I were to die prematurely, how would my survivors get by?
- Does anyone else depend on me financially (parents, grandparents, siblings)?
- Do I need to set aside money for my children’s college education?
- How will my family pay for my funeral?
- How will my family pay the mortgage?
- Any charities I would like to leave money to after my death?
The answers to these fundamental questions and life expectancy help determine how much life insurance you need to protect your family.
At Shepherd Insurance, our job is to shop the market for you with independent insurance companies so that you don’t have to. As independent agents, we can compare companies for the best price and coverage because we are not limited to one insurance company.
Any time is the right time to bundle. But, the sooner you bundle, the sooner you save. So let us help you become confident in your coverage in a life of uncertainty. Contact us today to see how you can bundle, save and protect your family today, tomorrow and forever.