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Need Personal Insurance? Consider a Package Policy

Need Personal Insurance Consider a Package PolicyIf you have quite a bit to insure, such as high-valued property, multiple autos, and other high-end items, you should think about how you can benefit from consolidating multiple policies with one insurance company. If you are in need of personal insurance for a variety of assets, don’t underestimate the value of a strong package policy.

Why it is Helpful

A package policy is able to eliminate overlaps or gaps in coverages, offer discounts and reduce premiums, and provide the convenience of having one common renewal date with one invoice to pay. Instead of spreading yourself out through different plans, it might make more sense for you to have your policies together.

It is in your best interest to consider utilizing a package policy from top-tier insurance companies that are designed to cover your unique liability risks and property under one master program. Going this route will greatly help to mitigate the issues you can likely come across if you have multiple policies with different insurers. Take advantage of a package policy that is tailored to your needs, and offers the following protections:

Homeowners

Your home is one of the biggest investments you will ever make, so you will want to ensure that you have enough protection for any disaster, accident, or incident it may endure.

Homeowners coverage includes Dwelling Replacement Cost, Guaranteed Replacement Cost, Contents Replacement Cost, Building Ordinance Increased Costs, Personal Liability, Medical Payments, and Loss of Use (this is dependent on the policy and carrier), among others.

Auto Insurance

Do you drive? Then you will need auto insurance. No matter how safe of a driver you are, you can never rely on the millions of other drivers on the road to take the same precautions.

This can be for multiple cars and multiple drivers. You can choose various policy features, including agreed value to set the value of the vehicles and avoid depreciation in the event of a total loss. This package you are able to choose an option to replace your totaled vehicle with a comparable new one (without depreciation), and obtain high liability limits.  Road service and overnight expenses and comparable auto rental during repairs are also included in this coverage. 

Umbrella Liability

Umbrella liability will protect against multi-million-dollar lawsuits, especially important for wealthy high net worth clients. Coverage steps in when liability coverage under your auto or homeowners insurance has reached its limit. The umbrella policy will also pay from the first dollar of loss if a coverage gap exists in the home or auto policy.

A package policy can also be tailored to include coverage for valuable collections, such as fine art and antiques. Speak to an agent today for help determining if a package policy is right for you. 

About AJ Benet Insurance Agency

At AJ Benet Inc. Insurance Agency, we make sure that your New York Business Insurance policy includes more than the simple general liability and product liability. Our policies extend in cases where your underlying limits are exhausted. Our team of experts is willing to go the extra mile and not only protect your business but understand it. For more information, call us today at (914) 381-2040.

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