This is a single policy that includes coverage for Auto and Homeowners (usually written as separate policies), and sometimes, umbrella (which extends the liability coverage on your Auto and Homeowners policies). It is sometimes referred to as a package policy. Today, a few insurance companies issue combination policies. Others still issue separate policies for Auto and Homeowners and Umbrella coverage. Commission: The amount of money paid to an agent by an insurance company (you do not directly pay this) for selling an insurance policy is usually based on a percentage of the paid written premiums.