What is Package Insurance?

Package insurance isn't insurance for your groceries or Christmas gifts. It's actually an insurance "package," which combines insurance for your home, car and other assets into one policy. Buyers purchasing package insurance may insure:

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• Primary residence
• Vacation home
• Investment properties
• Cars
• Boats
• RVs and other vacation vehicles

By putting all these assets under one umbrella policy through CarInsurance.com - along with personal liability coverage - the buyer can save money. If he were to insure his home, multiple automobiles and other assets individually it would cost more.

Package insurance policies typically cater to upper-income families with multiple real estate investments and other assets. It differs from discounts offered to insurance customers who insure their home and vehicles with the same agency.

A true "umbrella" policy, package insurance takes into consideration all of an individual's or family's assets and exposure in order to cover all property and liability insurance with one policy. Because of its complexity, underwriting a package insurance policy may take more time than a standard policy. Customers purchasing package insurance may need to meet stringent minimum requirements for:

• The value of their assets
• Their credit score
• Their income

Nevertheless, an insurance package through CarInsurance.com is a great way to combine home and car insurance into one money-saving policy.