Traps-Bundling Insurance with One Company
I've had my auto insurance with the same company (Company A) for the past 25 years. When I called Company A to place my new car on the policy, I was sold an umbrella policy. I then called my home insurance company (Company B) to make sure my home was insured for the minimum amount stipulated by the umbrella policy. I was then quoted a lower home insurance rate and auto insurance rate if I purchase an umbrella policy from Company B.
I thought I had read an article somewhere about the pitfalls of changing to a new insurance company after years of being with the former company or am I just being paranoid?
Your thoughts please.