MetLife Auto & Home® announced today the availability of
Combo and GrandProtect, two bundled policies which provide
the ability to combine auto and home coverages into one convenient
package, in its mass marketed insurance program. The availability of
these bundled policies in its mass marketed program will help provide
employers with new ways to expand their benefit offerings and provide
employees with simple service and savings.
“Our customers have told us they want quality and convenience when it
comes to their auto and home policies,” said Kishore Ponnavolu, senior
vice president, MetLife Auto & Home. “At MetLife Auto & Home we are
committed to delivering just that. The Combo and GrandProtect products
offer simplicity, convenience and value by packaging auto and homeowners
insurance, while catering to individual insurance needs.”
Packaged policies make sense for employees: MetLife Auto & Home research
finds that the majority of our customers, 60% prefer one bill for their
account, and approximately 70% of consumers currently have their auto
and home coverage with the same company. These offerings allow a wide
range of customers to benefit from bundling—from individuals with
leisure items such as boats or motorcycles, to those who have standard
auto and home insurance policies.
Combo is designed for customer convenience. By packaging
policies, customers can eliminate multiple bills and insurance forms,
and enjoy the benefits of one common effective date, deductible, payroll
deduction and policy portability. They can also take advantage of
additional savings through a variety of discounts available, including a
multi-policy discount, payroll and Deductible Savings Benefit. In
addition, customers will have the ease of switching coverages with one
simple application for multiple policies.
In addition to the benefits of Combo, GrandProtect is designed for
customers with higher value assets and more demanding insurance needs,
including primary and secondary homes; recreational vehicles; boats; and
personal property such as high-value jewelry and family heirlooms1.
GrandProtect policyholders also receive additional benefits such as a
higher blanket property limit. Policyholders will also receive the
benefit of one common deductible through an all-in-one policy package
for all assets.
Through Combo and GrandProtect, customers can bundle up to 11 different
MetLife Auto & Home policies into one package and through their employer
are able to save through payroll deductions.
To learn more, please contact your local MetLife Auto & Home sales
representative, visit www.metlife.com
or call 1-800-GETMET8.
About MetLife
The MetLife Auto & Home companies, subsidiaries of MetLife, Inc.
(NYSE:MET), are collectively one of the nation’s leading personal lines
property and casualty insurance providers, insuring over 3.8 million
autos and homes. Their affiliate, MetLife, is a leading global provider
of insurance, annuities and employee benefit programs. MetLife holds
leading market positions in the United States, Japan, Latin America,
Asia, Europe and the Middle East. For more information, visit www.metlife.com.
1Coverage, rates, and discounts are available in
most states to those who qualify.
MetLife Auto & Home is a brand of Metropolitan Property and Casualty
Insurance Company and its affiliates, Warwick, RI.
Copyright Business Wire 2014