Benefits of Combined Home and Vehicle Insurance

Benefits of Combined Home and Vehicle Insurance

The importance of home and vehicle insurance:

Having home insurance is important when you consider the unpredictable nature of life. The last thing you want is to have your home contents stolen in a burglary and not be insured for this eventuality. Or even worse, having your home burn down due to fire and have no cover for it.

Vehicle insurance is more of a necessity these days too. In South Africa, where less than 35% of motorists are insured, you’ll want to make sure that you have the necessary cover to protect you in the event of an accident.

Why bundle your home and vehicle insurance policies?

By bundling your home and vehicle insurance you can get full protection for the things you keep in your home and for your car.

Savings come in the form of a discount, usually applied to both policies, under the label “multi policy discount”.

What are the benefits of combined home and vehicle insurance?

  • You deal with only one insurance company
  • You can manage your policies online at the same place
  • It may become easier to identify gaps in your coverage
  • You may benefit from further discounts as a result of bundling your policies
  • You could benefit from paying only one deductible on a claim that otherwise would involve multiple insurance companies

Tips to keep in mind before combining home and vehicle insurance:

To find out if bundling is right for you, compare car insurance rates with and without bundling. Make sure that you compare at least five bundles policy rates.

When bundling, it’s important to make sure you haven’t reduced your coverage too. Make sure that you have sufficient coverage for your individual needs.

Your home insurance should be enough to rebuild your home from the ground up should it be destroyed.


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