5 Potential Benefits of Bundling Home and Auto Insurance

Depending on the insurance company issuing the policies, bundling your home and auto insurance policies can come with several benefits, including:

1. Cost Savings

Insurers can typically provide discounts for bundling multiple policies, which can result in attractive cost savings on policy premiums.

2. Convenience

Managing multiple insurance policies can be easier when you have a single point of contact for both policies. Bundling policies with one insurance company can help streamline communication and reduce paperwork.

3. Simplified Claims Process

If you need to file claims under both your home and auto insurance policies, having coverage with the same insurer can simplify the process. Often, a single adjuster can handle both claims, making the process more efficient.

4. Increased Coverage Options

Depending upon the insurance company issuing the policies, when you bundle home and auto insurance policies, you may have access to enhanced coverage options that are not available to customers who purchase individual policies. Here are some examples of increased coverage options that may be available:

Combined Deductibles: Some insurers offer a combined deductible when you bundle policies. This means that instead of paying separate deductibles for home and auto insurance claims, you might only pay one deductible in the event of a loss that affects both your home and vehicle, such as a severe storm.

Higher Liability Limits: By bundling policies, you may qualify for higher liability limits on both your home and auto insurance policies, thereby increasing the amount that the insurance company will cover in the event of a covered third party liability claim.

Roadside Assistance: Bundling policies may provide access to enhanced roadside assistance services, such as towing, battery jump-starts, and flat tire changes, often at a reduced cost or included in your auto insurance policy.

5. Consistent Service

Bundling your home and auto insurance can help ensure you receive consistent service with respect to both of your policies.