Why is bundling auto and home insurance such a popular thing for millions of American homeowners and drivers today? For one, having insurance for home and auto in the first place is of vital importance for all homeowners and drivers, and in many states is a requirement by law anyway. It provides an ease of use that is not normally found in other kinds of industries either. Also, bundling both auto and home insurance and obtaining home insurance help via trusted providers proves financially beneficial for families and individuals who are insured.
Bundling auto and home insurance into one place keeps all paperwork within the same company, thereby allowing an individual to pick up the phone and call on one company to have any important insurance related questions answered. This cuts down on the sheets of paper necessary to sort through when finding these numbers or when discovering these policies in file cabinets, and it avoids confusion too. An individual for instance never needs to think about which company she has her auto insurance with and which company her home insurance is with, because the answer will be the same for both.
Bundling auto and home insurance together additionally is a smart way to go because of the financial opportunities. An individual or family that is bundling auto and home insurance together can earn significant discounts by bundling. Carriers offer this as a standard service these days to encourage their customers to choose their form of insurance over a competitor’s, and in most instances it works. Not too many people today have their auto insurance with one carrier and their home insurance with another carrier. This financial incentive usually is a percentage reduction in rate or a flat rate that is taken off with each year the individuals use the insurance, making it very simple to keep up with.
Bundling auto and home insurance together essentially is simple today because carriers that offer both and that have good reputations offer very comparable policies, so there are not too many distinctions or differences in coverages or cost. However, just because auto and home insurance can be grouped together does not always mean that easy home insurance is obtained. As with any kind of insurance or any significant policy changes, a thorough look at policies and all costs involved is just as wise as bundling these two services together into one larger policy.