What is Bundled Insurance?

The insurer can raise the premium of or even cancel one of the policies without affecting the other. A person with a bundled car and home policy might see her auto insurance payment go up after an accident, while her homeowner’s premium stays the same.

Do You Need ATV Insurance?

If you are riding one on the public road and a car swerves to avoid you and gets into an accident you could be held liable. If you don’t have insurance the driver or her insurance company could come after your salary, your property or your bank accounts.

How Much Money do Auto Insurance Companies Make?

So some insurance companies are awash in cash and are making money. Insurance is actually a very good business. Much of Warren Buffett’s fortune was built on the money generated by insurance companies. Basically, Warren used the money policyholders invested in his company to buy other companies and get financing for acquisitions.