Why does the premium drop when you add home insurance to an car insurance?
Galactus asked:
When one has car insurance alone, insurance companies state that if one is to also get home insurance from the same company, the sum of the two insurances will be less than the original car insurance alone… Why should insurance companies take less premium for providing more service?
When one has car insurance alone, insurance companies state that if one is to also get home insurance from the same company, the sum of the two insurances will be less than the original car insurance alone… Why should insurance companies take less premium for providing more service?
http://teenproxy.cn/home-insurance.html
Isaias Crankshaw
Many companies offer a discount for bundling services as a way to attract more business. Same as the cable company giving you a discount when you add internet or phone service.