Package Policies

Have you ever thought about combining your coverages into a single policy? Package policies generally refer to an insurance policy that includes more than one type of insurance coverage. The most common type of package policy includes combining property coverage with liability coverage. One of the biggest advantages to this type of policy is the cost. When an insurance company can provide coverage for multiple lines of business such as liability, property, and income, they can usually combine them and offer a single policy with a price reduction.

The most common type of package policy is a Businessowners Policy (BOP). This is a pre-packaged policy that provides you with many coverages your business needs, for one package premium.

For more information, contact an independent agent at Donavan Insurance today.