Simplify My Insurance Coverage
Having the right amount of insurance coverage to meet your individual needs is important. It's equally as important to review your insurance coverage at least annually to make sure the policy is still a good fit based on your needs. Here are a few items to consider as you review your current insurance coverage.
- Is all the insurance coverage you need included in one convenient policy, or do you have to buy multiple policies from multiple companies?
- What deductible would you pay if you had to file a claim? If you have more than one policy, would you pay more than one deductible?
- What insurance coverage is included with the policy? What is available at an additional cost?
- What are the limits of your insurance coverage?
- Do you qualify for insurance discounts or credits?
- Is your insurance coverage limited by a geographic area?
According to the J.D. Power and Associates 2008 Homeowners Insurance Satisfaction Study,SM1 customer satisfaction levels are higher among policyholders who bundle multiple insurance policies with their homeowners insurance provider, as compared to those who don't bundle policies.
Bundled policies can cut down on the number of deductibles you pay and can increase your savings in discounts.
Beyond your insurance coverage, consider the service and value you are receiving from your insurance agent and the company he or she represents. Are you getting what you need? Is the company providing your insurance coverage strong and stable?
Insurance companies are regularly rated by firms like A.M. Best. Farm Bureau Property & Casualty Insurance Company has an insurer financial strength rating of "A" Excellent.
Contact a Farm Bureau agent to compare insurance coverage or request a quote.
1http://www.jdpower.com/homes/articles/2008-Homeowners-Insurance-Satisfaction-Study
