If you purchase both your car and home insurance from the same provider, you may be eligible to get a discount on the premiums for both. It benefits the company to have you carry several policies with them so they often go out of their way to make package deals on different types of insurance. It also benefits you to have all your insurance with one provider as it will make bill paying and claim filing easier. Not to mention, if you are getting a discount because you have placed both your car and home insurance with the same company, you can’t go wrong.
Looking for combined policies for car and home insurance is not unusual. After all, these are the two most common large items that people have in their lives and need insured. Both car and home insurance have several different assurances available. It is wise to discuss the possibilities for creating a custom policy for both as there may be kinds of cover that you don’t need, will likely never need and certainly don’t need to be paying on. Most insurance companies are more than willing to work with you to create the policy you want. It is not so much a matter of the customer always being right as it is that they want to keep your business. And they prefer that they have all of your business and not just a short term policy like those used to cover vehicles.
Think through carefully what you can afford in premiums for both car and home insurance. Also, consider the excess payments attached to each. If, in a worst case scenarios, your car caught fire and then ignited your house you would have to pay both the excess fees upfront before the insurance would release the payment on the claim. Make sure that you have the money to do this or can get the money or you could wind up without a car, a home or a claim payment.
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