Can Insurance Policies Be Combined?

Tuesday, June 18, 2013
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Whether it is home, auto, medical or life, most of us have an insurance policy. Many of us even have multiple insurance policies, even from the same insurance provider. Did you know that insurance policies can be combined? Did you know that there are multiple benefits to combining your insurance policy?

Can you combine them?

More often than not, your insurance policies can be combined. However, depending on your insurance provider, the terms of your combined policy may be different. In most cases, similar types of policies are usually combined, for example: health with life insurance or property with auto insurance. But why combine them?

Why combine Insurance Policies?

The biggest reason why people combine their insurance policies is to pay reduced premiums. When you pay more overall, you receive discounts to both insurance policies. In essence, you are paying less for both policies. In fact, many combined policies may offer discounts up to 45%.

People also choose to combine their insurance policies because they receive various benefits. These benefits are usually incentives that give customers the ‘push’ they need to combine their insurance policies.

Finally, people choose to combine their insurance policies because it makes policy management and payment easier. When their premiums are due, it makes it easier to simply pay one premium rather than two. This is particularly important if you have multiple policies from different providers.

Evidently, there are many benefits to combining your insurance policies. Most importantly though is the fact that you can, quite easily, combine your insurance policies. Combining your insurance policies is not only possible, it is highly recommended. When you combine your insurance policies, you receive a significant discount on the total premium you pay. Additionally, you also receive various incentives to aid your decision making process.

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