All Lines Insurance
What Does All Lines Insurance Mean?
All-lines insurance may refer to:
- A policy that consolidates multiple risks, which could otherwise require separate policies, and is offered to clients to discourage them from purchasing additional coverage from other companies.
- An insurance company that provides all possible lines of insurance, including both personal and commercial coverage.
Insuranceopedia Explains All Lines Insurance
There are various types of insurance available. Some insurance companies specialize in a single type, such as life insurance. However, others offer a broad range of products, covering both personal lines (e.g., life, disability, personal liability, home) and commercial lines (e.g., commercial property, commercial liability). The latter type of company is often referred to as an all-lines insurance company or a multiple-line insurer. Most of the largest national carriers fall into this category, which is why many shoppers start their search with the top-rated homeowners insurance companies when they want one provider for several policies.
Additionally, there are policies that bundle several risks, which could otherwise be covered by separate policies. For example, a single policy that includes health, homeowner, and automobile coverage is known as an all-lines policy or a multi-line insurance policy. Such comprehensive policies often come with a discount. Home and auto are the two coverages most commonly packaged this way, and the savings vary widely between carriers, so it is worth comparing the best home and auto insurance bundles before signing up.