Top 3 Reasons to Combine Your Home & Auto Policies

If you currently have your home and auto insurance with separate companies you may want to consider combining both policies. Not only may can save money – as much as 10% to 15% off both policies – but you also could receive some other benefits you may not have considered.

Convenience. If all your home and auto insurance needs are covered by one company, your life is much simpler. You will only have one set of contact information to keep track of which means only one phone number for any questions or claims you may have. You will only have to deal with your Soucy agent, who understands your combined coverages. Your Soucy agent will also be able to better keep on top of any changes to your policy that will be of benefit to you.

Easier Payments. With combined coverage, your payments will be much easier. Most companies with combined home and auto insurance coverages will invoice you for both policies at the same time. This means that you will only have one payment a month for both types of insurance, and no longer will you need to remember which day to make a payment for which insurance.

Savings. As mentioned above, perhaps the most significant benefit of combining your home and auto insurance into one package is saving money. Many companies will discount your insurance premiums up to 15% if you purchase a combined policy. Over the course of a year those savings can add up to $250 to $300 per year.

Should you consider business interruption insurance?

Business interruption insurance can be as vital to the survival of your business. Most people would never consider opening a business without buying insurance to cover damage due to fire and windstorms. But too many small business owners fail to think about how they would manage if a fire or other disaster damaged their business.

Business interruption insurance compensates you for lost income if your company has to vacate the premises due to disaster-related damage that is covered under your property insurance policy, such as a fire. It also covers the profits you would have earned, based on your financial records, had the disaster not occurred. In addition, operating expenses that continue even though business activities have subsided are also covered.

When considering business interruption insurance, it is important to make sure the policy limits are sufficient to cover your company for more than a few days. After a major disaster, it can take more time than many people anticipate to get the business back on track.

Business interruption coverage is not sold separately. It is added to a property insurance policy or included in a package policy. There is generally a 48-hour waiting period before business interruption coverage kicks in.