Home and Auto Insurance – Bundling for Significant Savings

Home and Auto Insurance – Bundling for Significant Savings

Home insurance is a type of cover that protects the investment you’ve made on your home. By getting home insurance your investment will be protected.

Home insurance is usually offered in two forms, namely: buildings insurance and home contents insurance.

Buildings insurance:

This is cover for the actual structure of the building. Make sure that you get enough cover to rebuild your home.

Home contents insurance:

This type of insurance covers loss or damage to the contents and personal belongings in your home. This may include furniture, clothes and other personal items.

Car insurance is a type of insurance cover that provides financial protection for car owners.

Car insurance can be defined as a policy which outlines a formal undertaking by the insurance company that they would accept a certain degree of financial responsibility for any loss the insured or other parties may incur through accident or other damage or theft to a vehicle.

When a claim is submitted, the insurer will pay an amount based on a variety of factors that are determined beforehand as stated in the policy documentation.

What are the benefits of bundling home and auto insurance?

Companies usually give the best deal to clients who will use their company to insure all three main lines of insurance.

Companies offer multiline discounts for individuals who choose to bundle their home and auto insurance. These companies also often offer discounts to retain customers.

Rates often depend on where you live, the value of your home and car, your driving habits and where you park your car.

Most people experience approximately a 15% saving on each policy.

You get to make one payment for both forms of insurance.

You only have one contract to keep track of so you have one place to contact if you have to make a claim.

You also have the benefit of only one renewal.

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