Bundled Home & Auto Insurance, Simplified
Wine and cheese. Peanut butter and jam. Cookies and milk. There is no doubt that some things are just meant to be together. In fact, they are better together.
The same is true of your home and auto insurance. Bundling or combining your home and auto insurance policies with one insurance company can save you money with a multi-line discount. Home and auto insurance is purchased separately, but when you buy these policies from the same insurance company, you can be rewarded with insurance discounts. Bundling can make your insurance more simple and straight-forward. It can save time and money. What could be better?
At Morison Insurance we will make sure you know what your best options are. Our goal is to save you money on your insurance. We also want to make insurance convenient for you. Navigating through all the available policies can be tedious and confusing – and you shouldn’t have to do it on your own. At Morison Insurance, we have professionals that take care of the hard part for you. We’ll sift through dozens of available policies from the multiple insurance companies that are competing for your business. We come back to you with only the options that provide you with the coverage that you need at a price that fits your budget.
Things to Consider When Bundling Home & Auto Insurance
One Deductible When You Bundle
When bad things happen, they happen in threes. Or sometimes in twos. Like damage occurring to your home and car at the same time. In addition to the 30% savings you could get when you bundle your home and auto insurance, you don’t have to worry about paying separate deductibles when claiming for both your home and auto. If you have a claim open for your home and a separate claim opened for your car simultaneously, bundling saves you the added stress of worrying about your bank account taking a serious hit.
Extra Liability Coverage When You Bundle
Because they are competing for your business, many insurance companies offer you the incentive of extra liability coverage when you bundle your home and auto insurance with their company. Sometimes you can receive an extra $1,000,000 in liability coverage just for bundling!
Extra Coverage Options for Home & Auto Insurance
Morison Insurance offers a unique home and automobile bundle policy packages, and you can tailor your policy to include the following additional coverages.
Loss of Use Protection
In terms of your auto insurance, this type of protection will provide you with the coverage you need to obtain a rental car in the event that your car is being repaired after an accident. Having loss-of-use coverage will ensure that you get a rental car whether the accident was caused by you or someone else. This endorsement to your policy helps your collision affect your life a little less – you will still have the convenience of getting from point A to point B, unaffected, just as you would on any other day. This type of coverage is very easy to add to your automobile insurance policy. It’s also inexpensive. In your annual premium, to add loss-of-use protection, you would pay about the price of what it costs to rent a car for one day. In our experience (and we’re sure yours too), repairs can be much lengthier than one day. Loss-of-use protection would cover you for the entire length of your car’s repairs. This can save you hundreds of dollars in the event that an automobile claim leaves you without a vehicle. Morison Insurance would be very happy to discuss your coverage options or loss-of-use coverage limits that are available.
Accident Forgiveness Protection
Did you know that one at-fault accident can cause your automobile insurance rates to increase by hundreds of dollars? At Morison Insurance, we strive to find you a policy that understands that accidents can happen to anyone – even the most experienced of drivers. A policy with accident forgiveness protection would prevent your automobile insurance premiums from increasing in the event of your first at-fault accident. It would be like the first accident never happened, and the driving record on your existing policy would not be affected. This translates into protection from skyrocketing premiums after your first at-fault accident. Most importantly, this extra coverage is inexpensive. Often times it usually only works out to approximately $5 per month and is worth the peace of mind of knowing that your car insurance premiums will remain where they are.
Water Damage Protection
Did you know that 40% of damages to the home are caused by water? Every day homes across Canada suffer water damage and the risk of it happening at your home is no exception. With the recent changes in weather patterns and climate, severe weather events are becoming more frequent and causing more damage. Extreme storms that used to happen every 40 or 50 years in Canada now occur in some areas or regions every 5 or 6 years. Changing weather patterns are forcing the insurance industry to change policies to address these new and now common risks. This is especially true in terms of coverage for water damage to your home.
At Morison Insurance we will ensure your policy provides the best coverage to protect your home and property if water damage should occur. Water damage can catch you off guard, but we’ve got your back. With the proper policy, you’ll quickly get back to being the king of your castle!
Identity Theft Protection
Personal identity theft is one of the fastest growing crimes in Canada. Last year more than 15,000 Canadians were victims of identity theft. If you make purchases or payments online, you could be at risk. It takes a criminal a shockingly short amount of time to steal your identity. Personal identity theft coverage is affordable, with an average monthly premium being under $5.00 a month.This coverage can be added to your current property policy by endorsement. It protects you from the cost associated with repairing your financial history or resolving problems resulting from identity theft, including legal representation, loss of wages, loan re-application fees and replacement of stolen identification. Identity theft protection covers not only you but also others living in your home.
Call Morison Insurance or click below to get a quote on bundling your home and automobile insurance. Start saving today!
Property & Auto Insurance Bundling FAQs
At Morison Insurance we know that policies can be confusing. If you have questions, you’re not alone! In fact, we’ve listed some of the most commonly asked questions we receive from our clients. If you don’t have time to give us a call today, take a look below to see if any of these answers apply to your car insurance questions.
What does “bundling” my insurance mean?
Simply put, “bundling” means that you are purchasing various types of insurance policies from one company in return for a discount on your premiums (this is known as a multi-product discount). Home and auto are a common set of insurance policies to combine, but you can combine others as well. Usually, the more you bundle, the more you’ll get in savings from that insurance company.
How much can I really save if I bundle?
A lot. It generally pays off to bundle your home and auto insurance. Some insurance companies will offer you big savings – up to 30%. Some companies provide a further incentive by increasing your liability coverage – sometimes by $1,000,000. This lets you save money and protects you from complicated claims in which you might be liable for high expenses. A Morison Insurance broker can help you navigate the benefits of bundling and help you find the best bang for your buck.
Does it ever make sense not to bundle?
If you’re currently insured by two separate companies for your home and auto insurance but receive a fair price and excellent coverage, it’s possible that bundling isn’t beneficial for you. For instance, if you want to switch your car over to the same insurance company as your home but in doing so would be losing certain extra coverages that you are currently benefitting from, you might want to consider keeping your home and auto insurance separate. At Morison Insurance we will help you weigh your options and determine whether bundling will save you money without affecting the level of coverage you are receiving.
Where can I get a home and auto bundle insurance quote?
At Morison Insurance we are more than happy to help you get the car insurance policy that’s right for your coverage needs as well as your budget. You can obtain an online insurance quote here or give us a call at 1-800-463-8074.
What is Bundled Property & Auto Insurance?
A bundled property and auto insurance package provides you with home insurance and auto insurance at a discount. Other than lower costs, there is virtually nothing different than a home insurance policy or auto insurance policy. Bundle your auto and home insurance and save today!
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At Morison Insurance we represent dozens of Canada’s best insurance companies. All provide competitive prices, excellent service and outstanding claims service. We will shop at all of these companies to get you the best insurance for your individual needs.