Package Policy

12 months ago

Insurance Glossary Team

1 minute

Plain English Definition: An insurance policy that bundles multiple types of coverage into a single contract.

What Package Policy really means for someone with an insurance policy

A package policy combines several types of insurance into one policy, making it convenient and cost-effective. Common examples include home and auto bundled policies.

Package Policy Real World Examples

A home and auto insurance bundle that offers discounted premiums.
A business owner’s policy that combines property, liability, and business interruption coverage.
A travel insurance policy that includes trip cancellation, medical, and baggage coverage.