Understanding Home and Auto Insurance

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Experient Health explains home and auto insurance benefits in its latest post in its Know Your Benefits Blog series.

Experient Health has experienced professionals who help guide individuals through buying an Individual Health Insurance Plan.

Homes and cars. Both are often the largest and most important purchases individuals and families make.

That's why, Experient Health wrote in its latest post in a Blog series created to explain various types of benefits, home and auto insurance was created to "protect you from large expenses resulting from loss, damage and injury associated with your home, property and automobile."

Experient Health, the health insurance arm of the Virginia Farm Bureau, launched a Blog series in 2013 to help educate the community both on the types of insurance available and how they are offered through employers.

The goal? Arm people with more information for them to make informed choices and ask key questions when purchasing coverage for themselves and their families.

"The two types of insurance—homeowners and automobile—are separate products but are frequently bundled, or purchased together, which usually results in a discounted rate," Experient Health wrote in its Blog. "Most states mandate a minimum amount of auto insurance, and many mortgage lenders require homeowners insurance if you want to borrow from them."

Despite the necessity of having it, insurance can seem complicated and expensive.

"Some employers offer home and auto insurance as a voluntary benefit, which can help simplify getting and paying for insurance," Experient Health wrote. "You may receive discounted rates for purchasing insurance through your employer, as well as have the convenience of automatic payroll deductions."

While home and auto insurance plans can vary, most insurance plans will have specific guidelines and exclusions regarding coverage. Those specifics, which can vary from plan to plan and state to state, is why it's vitally important for consumers to understand their benefits, Experient Health explained.

Coverage for homes can include dwelling coverage, other structures coverage, personal liability, content or personal property coverage, loss of use coverage and more.

"An open perils policy will cover any damages not specifically excluded, whereas a named perils policy will list the damages and losses that are eligible for coverage," Experient Health wrote. "Often, you can add extra coverage to the base plan as long as you are willing to pay a higher premium."

Auto insurance may offer, among other benefits, bodily injury and property damage liability coverage, uninsured and underinsured motorist coverage, medical payments and personal injury protection, collision coverage, comprehensive coverage and replacement coverage.

"When offered as a voluntary benefit through your employer, home and auto insurance premiums can typically be paid through a payroll deduction," Experient Health explained. "The two products will often be bundled together, and, with a group rate, you will likely pay a discounted premium that is better than if you had purchased insurance on your own."

To learn more about home, auto and other insurance benefits, follow the Experient Health Blog here.

About Experient Health:

For years, Experient Health, a Virginia Farm Bureau company, has helped people find the right insurance coverage and get the most for their health care dollars. The Richmond, Va.-based group is dedicated to providing high quality health insurance options to customers in Virginia, Maryland, and Washington DC. As a result, its consultants, with an average of more than 20 years experience, are intimately familiar with the states’ provider networks, products and regulations.

Representing the top national insurance carriers, Experient Health provides customers with multiple policy options designed to meet wellness needs and financial requirements.

Experient Health grew out of Virginia Farm Bureau and is a “hometown agency” in that it operates a network of more than 100 offices. However, it boasts the resources and technology of larger firms.

Consultants are available online, via phone and through their offices.

Learn more at http://www.experienthealth.com, utilize the online health insurance quote calculator or contact a consultant directly at 855.677.6580.

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Stephanie Heinatz
Consociate Media
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Brad Spence
Experient Health
since: 04/2013
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