Hello All, New member here and have some questions regarding auto/home insurance. Comments from any of you (especially insurance agents/underwriters) would be very much appreciated.
Residence: California.
my wife and I own two homes. we have my parents live in one and my wife and I live in another and also I pay for all mortgages and taxes. The homes are are less then two miles apart from each other within the same city. My wife and I have two cars and my parents also own two cars.
My insurance agent tells me it IS OK to have one policy for all four cars at one address to save $ on premium for having multiline/multicar (as opposed to having two auto insurances where my parents will only receive multicar) because we own both homes and the homes are very close to each other. He tells me insurance carriers will only question/investigate those who use addresses that are really far from where they actually live to pay lower premium.
This really doesn't sound right and confusing. Can anyone please chime in?
Thanks.
Residence: California.
my wife and I own two homes. we have my parents live in one and my wife and I live in another and also I pay for all mortgages and taxes. The homes are are less then two miles apart from each other within the same city. My wife and I have two cars and my parents also own two cars.
My insurance agent tells me it IS OK to have one policy for all four cars at one address to save $ on premium for having multiline/multicar (as opposed to having two auto insurances where my parents will only receive multicar) because we own both homes and the homes are very close to each other. He tells me insurance carriers will only question/investigate those who use addresses that are really far from where they actually live to pay lower premium.
This really doesn't sound right and confusing. Can anyone please chime in?
Thanks.