Some Florida residents turn to 'bundling' to
save on insurance costs
'If you can find an insurer that can
sell you both auto and home insurance you can save 20% or more
on policies,' Mark Friedlander says |
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Article Courtesy of Channel 5 WPTV
By Matt Sczesny
Published
October 22, 2023
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WATCH VIDEO |
WEST PALM BEACH — Florida
homeowners have had a difficult time lately with rising insurance costs,
but some are finding a way to save some dollars.
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Saving money on insurance came as a
surprise to Lori Lanni in Royal Palm Beach.
"I am shopping around," she said while looking for
alternatives to her Citizens homeowners policy. "I decided
to call State Farm last week."
She ended up buying a policy with State Farm.
"Because I get a discount on my car insurance, I'll save
about $700 a year," Lanni said.
Bundling involves having one company for different types of
insurance, auto, home, boat, etc.
Mark Friedlander at the Insurance Information Institute said
there are discounts out there to find and bundling is one of
the most common.
"If you can find an insurer that can sell you both auto and
home insurance you can save 20% or more on policies,"
Friedlander said.
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Florida homeowners have had a difficult time lately
with rising insurance costs, but some are finding new ways to save
some dollars.
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Earlier this year, two major insurers who offer
bundling, Progressive and Farmers, announced an end to renewals on
homeowners policies in Florida.
However, there are still some insurers that do offer bundling options,
so it's best to check with your insurance company or agent.
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