The Advantages of Packaging Policies Together

Dickstein Associates Agency has helped thousands of clients over the years get the most insurance coverage for each dollar they spend. However, one thing 50 years of business has taught us is people still do not utilize policy packaging as much as they should.

Whether it is your home insurance and your auto insurance, or the insurance for your first and second homes, watercraft, or personal umbrella liability insurance, packaging those products together can be very beneficial to you. Here are some of the advantages of packaging personal insurance policies together:

1. Saving money: Everyone wants to save money. Depending on which companies you decide to purchase your insurance with, you could have the ability of saving money by packaging two or more policies together.
2. One bill: This may seem like a small advantage, but it could save you time and money. Rather than receiving a bunch of paperwork to try and pay your insurance premiums, packaging policies together puts them on one bill. That makes it much easier to pay your premiums on time and increases the likelihood of lower rates.
3. Simpler claims process: Say a storm damages your house and your car, or your garage collapses while your car is in it. With separate policies, you may have to pay more than one deductible and go through two separate claims processes, which is a lot of work for what may not be much of an award. Packaging policies together can reduce your out of pocket exposure, depending on how your insurance policies are structured, can make the claims process easier, providing you compensation in a quicker amount of time.
4. Easier renewal: When you renew a policy, you have to weigh a lot of factors to make sure you are getting similar benefits as before. That process can take a long time if you have several policies that are up for renewal. When you package policies together, there is less of a hassle for you to stay insured.
5. Coordination of Coverage: Separate policies with separate agents or direct writing companies often lead to gaps in coverage or duplication of coverage, unbeknownst to the policyholder until it’s too late – at the time of a claim. Having a professional independent agent sort through all your coverage needs, and customize a package policy solution specifically to fit your lifestyle and individual needs, reduces this risk and the potential of suffering an uninsured loss in the future.

At Dickstein Associates Agency, our goal is to insure you properly for a fair and competitive price, and our agents will customize insurance coverage to meet your lifestyle and individual needs. For more information, call (877) 410-1850.

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