An insurance policy to a large extent, should provide the restoration of the value of a lost asset. In the light of this merit, investing in insurance policies is a wise investment.
A healthy net worth is a positive value of net assets. A postlitive value of net assets indicates excess of total assets over total liabilities.
Therefore, the maintenance of a healthy net worth and it’s improvement demand that the true value of assets must not be lost.
In reality, no one has control of unexpected occurencies that may wipe away some of your assets. But you have the choice; of buyng multiple insurance products to maintain or grow your net worth.
Should you buy all your insurance products from one or many companies?
The Advantages for bundling your policies with one competent insurance company should help you decide .
The first advantage is that you end up paying less for multiple policies with one than you would have paid with different companies. Insurance companies offer attractive discounts to primary subscribers that buy multiple pulicies exclusively from them.
Another advantage is, you avoid the confusion which may arise from different billings from different companies. A summary of all transacrions is given in one comprehensive statement for periodic reconciliation.
With one statement to study, errors are easily spotted and quickly corrected.
Bundling of insurance policies gives a primary insurance subscriber access to personalized professional services. No insurance policies would want to lose one subscriber with multiple accounts with them. So, they will do everything professionally possible within ethical boundaries, to keep an A-list subscriber happy.