Transcript

If you are thinking about bundling your insurance, means to put your home, auto, renters, life insurance, however many insurance policies you may need together with one carrier, a lot of times the carriers will offer discounts for that. So each policy that you add will get a better discount.

There are benefits to it. There are sometimes no benefits to bundling. But the biggest thing, at least with our agency Wells Insurance, is we're a one stop shop. We understand that some carriers that write auto don't write homeowners. Some homeowners carriers that write home don't write auto. So if we as an agency have both your lines of business, these carriers tend to provide a bundle discount. Here at Wells Insurance we could still bundle with different carriers.

One of the advantages to using an independent agent such as Wells Insurance is that we can bundle your coverages with different carriers but because we're your one stop shop, we still may be able to offer you multiple discounts.

We shop with all our reputable carriers and see who's going to come back with the most competitive rate, specifically for the coverages that you need. So we're not looking just simply at cost, we're looking at protecting you and your assets.

You still have your agent whether we broker the policy or go to a third party company, we're still the agent on file. So we're still going to be the ones that you contact if you need assistance with your claim. We're still going to be the ones to contact if you need to make changes to the policy any of that kind of stuff you still come to your agent.

Some carriers require you to bundle so if you write the homeowners policy they want you to write the auto. So we look at that just to see if it's gonna make sense for you, but if it doesn't, we're not gonna just force it down your throat. We're trying to do what's in your best interest.

In some instances, it makes more sense to still separate based on price.

The reasons why you wouldn't want to bundle cost I think is first and foremost.

Times when it doesn't make sense to bundle are going to be if you've had major accidents, several tickets on your auto policy, a lot times your standard carriers will be a little bit more expensive and it doesn't make sense to bundle with them. Another time it doesn't make sense to bundle is when premiums are increasing. A lot of times when one carrier is going up, some others are going down.

And then also there could be specific risks that the carrier doesn't want to take on such as if your property is a rental property they're not going to want to bundle a rental property with your auto. Your property doesn't meet underwriting guidelines such as having multiple claims. So we'll present the options and we can certainly go over all the options and talk about the benefits of bundling, the benefits of not bundling, and go over all the figures, coverages, just to make sure it all makes sense for you.