Is life insurance worth it?
Nothing beats the peace of mind that comes with knowing that your loved ones will have help after you’re gone. That’s why purchasing a life insurance policy is so important. It can feel overwhelming to know when and if you should purchase life insurance. If you’re asking yourself “is life insurance worth it”, we can confirm that in most cases it most certainly is. There are many questions to ask your self when considering life insurance. “What are my life insurance options? How about life insurance costs? What is the difference between a term policy and whole life coverage?” When you buy life insurance, you in some ways buy peace…
Renters insurance for college students
Welcome (back) to college! Between picking classes, planning a new schedule, and finding some time to socialize, the life of a college student is already full. Insurance of any type is probably the last thing that you want to think about. However, no matter the card you’ve been dealt, unfortunate circumstances can happen to anyone and their belongings at any time. More and more college students living in off campus housing, and renters insurance policies are becoming required in many lease agreements. With good reason! Let’s say you just dropped top-dollar on biology textbooks, only for them to be burned when the shoddy wiring in your rental unit caused a…
Renters insurance: your in-depth guide
Whether you’re renting your first apartment or your fifth, you may have some questions about renters insurance. What is it? Do I really need it? Is it affordable? We’ve got you covered. Read on to learn everything you need to know about renters insurance. What is renters insurance? Renters insurance is a form of insurance policy that pays out if your goods are damaged or stolen and need to be fixed or replaced. Who needs renters insurance? Any tenant with valuables that they can’t afford to repair or replace — or simply don’t want to pay the entire cost of replacing after an accident — should consider purchasing renters insurance.…
How to deal with winter weather home repairs
Winter weather can create a witch’s brew of damage to homes. Freezing pipes, strong gales, and roof leaks are just some of the damages caused by the season. These cold temperatures and their associated insurance claims account for more than 50% of all insurance claims. On average, about 1 in 15 insured homes wind up filing a winter damage claim by the end of the year. So, what are the statistics? In the first half of 2021 alone, winter storms caused $15.1 billion in insured losses. Wind and hail were responsible for 34% of that, and 29% was attributed to water damage from freezing. And that’s not all. Trees fall,…
Telematics and UBI: the most common questions
You come to a full stop at every stop sign, you never speed through yellow lights, and you always obey the speed limit. If this sounds like you, you may have wondered why you have to pay the same amount for car insurance as your fellow motorists who can’t seem to follow the rules of the road. The problem is that most people call themselves safe drivers, but how can they prove it? That’s where telematics, or usage-based insurance (UBI), comes in handy. If you have questions about what telematics are, how they work, and how they save you money, keep reading. What is telematics? Telematics refers to a group…
How to find car insurance discounts
Whether you’re saving up for your child’s college fund or hoping to take your dream vacation, finding small ways to save money on your monthly bills can add up to a hefty chunk of change. Lowering your monthly car insurance payment is a great place to start saving. And with car insurance, there are many ways to save, including shopping around for the best price before opening a policy and receiving discounts you are eligible for once that policy has begun. Let’s explore some of the ways you can save money on your car insurance policy from the start and then delve into common discounts to inquire about. Basic ways…
Telematics: what is it, and why should you care?
Car technology is changing rapidly. In another blog post, we talked about some of the innovations that are happening right now when it comes to cars, including self-driving vehicles, biometrics, augmented reality and yes, even cars that talk to each other. In this post, we’re going to take a deep dive into another technology — telematics — and what you should know about this information-sharing tool as both a driver and an auto insurance policyholder. What is telematics? What in the world is telematics? Telematics is one of those words that can be a little bit confusing to grasp, but in reality, the concept is pretty simple. Telematics are used…
When do you need life insurance?
Nothing beats the peace of mind that comes with knowing that your loved ones will have help after you’re gone. That’s why purchasing a life insurance policy is so important. Of course, it can feel overwhelming to know when and if you should purchase life insurance. Let’s explore the types of life insurance and if now is the right time for you to purchase a policy. What is life insurance? Put simply, life insurance is income replacement. When you purchase a policy, you’re paying a premium to your provider who agrees to pay the amount (a.k.a. a death benefit) to your dependents if you were to pass away. A secure…
Term vs. whole life insurance
Life insurance is one insurance type that, while extremely important, might make many people uncomfortable. No one wants to think about the end of their life, but it’s essential to think about how your dependents will provide for themselves should something happen to you. A life insurance policy can help your family take care of your final expenses, mortgages, lost income, educational costs, and more after your death. Essentially, life insurance acts as income replacement. When you purchase a life insurance policy, you pay a premium to an insurance company in exchange for the agreement that they will pay out a death benefit to your chosen beneficiaries should you pass…
How much life insurance do you need?
Life insurance can be a difficult topic. It can seem confusing, and maybe even uncomfortable — no one wants to think about the end of their life. However, just because the topic seems hard to talk about doesn’t mean it isn’t well worth doing so. In fact, life insurance is often considered an essential cornerstone of financial planning and is one of the best ways you can protect your loved ones. At Elephant Insurance, we strive to make the complicated a little less complex. So, to put things simply, life insurance can provide income replacement to your beneficiaries if you were to pass away. This is a very broad description,…