Did you know that understanding insurance policies could save you quite a bit of money on a yearly basis? In essence, it pays to know how your different insurance policies can work in conjunction with each other. For example, a great deal of consumers are unaware that they can purchase both their home and automobile insurance from one company. It’s actually known in the insurance industry as bundling. The good news is that bundling typically gives you a significant discount when you buy more than one insurance policy from the same insurer.

Most insurers provide their clients with the option to bundle multiple policies together into one neat package. Depending on the company, bundling may also be referred as multi-line, multi-policy, or a multi-product discount. Here’s a great example of how understanding insurance policies can save you money. When you are aware of the fact that you can bundle your homeowners and auto policies it can save you upwards of 25%. That can equal a savings of hundreds or even thousands of dollars per year. There are additional benefits to why understanding insurance policies can save you money.

First and foremost, it simplifies your policy management. Basically, it’s a heck of a lot easier managing multiple insurance policies when they come from the same insurance company. Bundling also provides you with a sense of security. For example, if you’ve had multiple tickets or made some auto insurance claims this year, your insurance company may threaten to drop you. However, if you also have your homeowner’s insurance policy with the same company it will lower the chances of that from happening. So, what if you don’t actually own the property that you live in?

Can you still bundle your renter’s insurance and auto insurance policies. The answer is typically yes. Most insurance companies offer their clients renter’s insurance bundles. At this point you may be wondering if it’s always less expensive to bundle your home and auto insurance policies? The answer is actually no. It depends on your exact situation. For example, if you have poor credit and or multiple traffic violations than it may be less expensive to purchase separate policies. That is why understanding insurance policies are so important.

It’s also important to work with an insurance agency that will always work with your best interests in mind. A great insurance agency will shop your policies around with all the major insurance companies in order to get you the best overall deals. That may or may not include bundling your policies. Going the extra mile makes a big difference on how much money you will actually save.

If you own or manage real estate or drive an automobile in the Commonwealth of Massachusetts it’s important to know that understanding insurance policies can save you money. Please consult with a professional insurance agent that can answer your questions about all insurance related topics. It is important to fully understand exactly what you are buying when it comes to insurance policies. If you have any questions, please call (508) 831-0133 to contact an associate at Zawada Insurance. We are happy to walk you through the details of your insurance policies and explain your coverage options.

We look forward to helping you with all of your personal and or business related insurance needs now and in the future.