The Benefits of Combining Your Car and Home Insurance
There are many benefits to combining your car and home insurance, sometimes called bundling. But what does bundling mean? Bundling insurance is purchasing more than one policy from the same company. Instead of insuring your home and cars with two or three separate providers, everything is covered by the same company in a home and auto insurance bundle.
Can you bundle any kind of insurance? Generally, home and auto insurance are combined but you can bundle most types of insurance,, including personal insurance and commercial insurance policies. Some common examples of personal insurance policies that can be bundled include car insurance, home insurance, renters insurance, boat insurance, and motorcycle insurance. These policies can be bundles with other types of personal insurance, such as life insurance or health insurance.
Commercial insurance policies that can be bundled include general liability insurance, property insurance, commercial auto insurance, and workers’ compensation insurance. Business owners can bundle these policies with other types of commercial insurance, such as errors and omissions insurance or cyber liability insurance.
It’s worth noting that not all insurance providers offer the ability to bundle all types of insurance policies. Its recommended to check with a specific insurance company or agent to see what kind of insurance policies they offer and if they offer bundle options.
Many insurance companies give discounts when you bundle with them, and this might be a primary consideration for you. Insurance is a long-term investment, and you should consider the premium costs, but also educate yourself about the details of the coverage and the service the insurance company offers. We discuss the benefits of combining your car and home insurance in more detail.
You Want More Savings
Everybody wants more savings on a car and home insurance bundle, and companies usually offer cheaper rates when you have multiple policies with them. These rates depend on several factors, including where you live, the value of your home and vehicles, driving habits, personal health, credit record and more. But don’t assume the service provider you are considering offers discounts, do ask.
Insurance providers also give discounts, with more savings for you, to retain customers. Continually underwriting new customers is expensive for companies, so they are happy to provide better rates for clients with multiple policies kept with them over the long term. Ask for a bundling discount every year from your long-term service provider.
Use a comparative service such as the one offered by Zippo Insurance, to carry out a home and auto insurance bundle comparison with various insurance companies. Compare the individual policy premium values to the bundling value and choose what is best for you now and in the coming years.
You Want To Make Things Simple
Combining insurance helps keep things simple. When you use one service provider for your car and home insurance, you can study their policies in detail and reduce delays on future claims. It is also an opportunity to build relationships with people working at the insurance company, improving communication. Then, when you need assistance, you will feel more comfortable contacting the company about your claim. And you will feel free to ask for advice on other policy-related matters.
Today, most insurance companies have an app that serves as a source of information and through which a lot of engagement takes place. Why would you want multiple apps on your mobile or laptop, when you can just use one for all your insurance-related business?
You File A Lot of Claims
Bundle insurance makes it easier when you file a lot of claims. Although filing many claims is not ideal, accidents happen, and sometimes, through circumstances, you suddenly find yourself with multiple insurance claims to manage. Severe storms might damage your house, and a tree falls onto the garage with your car inside, damaging the vehicle. Combining insurance will make the claim process simpler.
Unfortunately, insurance premiums often increase when clients claim a lot, whether the incidents happened through their own actions or that of others. Find out which claims cause more concern at your insurance company, resulting in automatic rate increases. It might be something as seemingly simple as mould in your home or water damage.
Frequently Asked Questions
How long does it take combined insurance to process a claim?
We strive to process claims within 5 business days upon receipt of complete proof of loss.
How do I know if bundling car and home insurance is right for me?
Consider your current insurance needs and compare rates and coverage options from different providers. Additionally, consider the convenience factor of having all your insurance coverage under one provider.
Are there any other benefits of bundling car and home insurance?
Yes, in addition to potential discounts and convenience, bundling can also simplify the claims process. If you have an accident or loss that affects both your car and home, it may be easier to file a claim with one provider, rather than dealing with multiple companies.
Will my car and home insurance policies be separate or combined into one policy?
It depends on the insurance company. Some may offer a bundled policy for car and home insurance, while others may keep them separate but offer a discount for having multiple policies.
How do I claim with combined insurance?
To claim combined car and home insurance, you will need to contact your insurance provider. The process may vary depending on the specific policy and the type of claim you are making, but generally, the steps to follow are:
1. Notify your insurance provider as soon as possible after the incident or loss.
2. Gather all necessary documentation and information about the incident, such as police reports, repair estimates, and any other relevant documentation.
3. File the claim by submitting the necessary documentation and information to your insurance provider.
4. Your insurance provider will then investigate the claim and determine coverage and compensation.
5. Some insurance providers may also assign a claims adjuster to assist you throughout the process.
6. Once the claim is settled, the insurance provider will send you a letter explaining the outcome and any compensation or benefits to which you are entitled.
It’s also good to keep in mind that if the claim involves both car and home insurance, you may need to provide additional information or documentation. In this case, it’s best to contact your insurance provider and ask for guidance on the specific requirements for your claim.
Zippo Insurance is an online service provider with an easy-to-use website. We source insurance quotes for you from reputable brokers across Ontario in under ten minutes. Do you have insurance policies with various service providers? Is managing them making you feel overwhelmed? Consider combining insurance. Connect with Zippo Insurance today and find out more from us about the benefits of combining your car and home insurance.