Should You Bundle Your Home and Vehicle Insurance? Here’s the Answer

For homeowners, purchasing a home and auto insurance can be an effective way to save money. Bundling is a simple way to manage your insurance payments. However, when choosing to bundle, you must review your home insurance quotes Alberta. Are you confused about bundling auto and home insurance? If you have both a home and a car, there is a fantastic option for you to get quotes for both policies. Moreover, it can also reduce the premium. Let’s understand the perks of bundling home and vehicle insurance.

Premium Reduction

You can get discounts for purchasing multiple insurance policies from the insurance companies. It is called a multi-policy or multi-line discount, which means more than one policy with the same insurer might get impressive savings. For example, a new customer can save more than 20% by bundling home and auto insurance.

Smoother Account Management

Failure to pay insurance on time may result in lost coverage, leaving the home and car vulnerable. It makes it easier to choose the best insurance company for both house and car insurance Alberta, so the payer is less likely to forget their due date. With the right bundled coverage, you can create an account, schedule automatic bill payments, and even use the company’s mobile app. Plus, automatic payment can also earn you additional discounts.

Streamline Billing Process

Bundling home and auto insurance simplifies combining your bills, so you receive just one bill for both policies each billing cycle. However, a mortgage lender typically handles the payment for your home insurance through an escrow account. The policyholder is prohibited from making payments directly.

Save on Deductible

If your vehicle and home are damaged in the same accident, such as a storm causing a wall of your house to fall on your car, you may qualify for a single deductible depending on the insurer. In this case, you will have to pay only one deductible. Moreover, you get the benefit of dealing with only one company for your claim rather than two companies emphasizing a different process.

About Claresholm Agencies:

If you want more consultation on whether bundling home and auto insurance is good for you, connect with Claresholm Agencies, which help with their strategic approaches. This insurance company has impressive policies for home and commercial vehicle insurance Alberta, which saves your hard-earned wealth.

Visit https://www.claresholmagencies.com/ to book a meeting.