Bundled insurance combines two or more policies, such as home and contents or car and home insurance, with the same insurer. It may be more convenient and could attract a multi-policy discount, but the overall cost and cover depend on your circumstances and the insurer’s terms. Compare premiums, excesses, limits, exclusions and optional benefits across the bundled policy and separate policies before deciding. Check the Product Disclosure Statement and ask the insurer how changing or cancelling one policy could affect any discount.